What is Invitation Homes's phoenix — land?

Invitation Homes (INVH) reported phoenix — land of $432.58M in Q4 2025.

How has Invitation Homes's phoenix — land changed year-over-year?

Invitation Homes's phoenix — land decreased by 0.3% year-over-year, from $433.7M to $432.58M.

What does phoenix — land mean?

The historical cost basis of land holdings owned by the company within the Phoenix market. Land is a non-depreciable asset that forms the foundation of the real estate investment value.

Invitation Homes INVH Phoenix — Land

Other geography segments

Southern California

$892.61M-3.3%

South Florida

$694.35M-1.2%

Tampa

$426.45M+2.9%

Atlanta

$331.62M-0.3%

Northern California

$325.44M-3.2%

Seattle

$320.14M-1.1%

Denver

$313.37M+17.5%

Orlando

$270.91M+6.1%

Carolinas

$234.76M+4.0%

Dallas

$172.17M+12.7%

Las Vegas

$160.49M-0.3%

Chicago

$123.56M-0.7%

Jacksonville

$104.81M+10.0%

Houston

$99.55M+24.5%

Minneapolis

$60.89M-2.3%

Nashville

$21.46M+91.9%

Salt Lake City

$0—

Similar metrics at other companies

PSAPhoenix — Initial Cost, Land

$108.05M0.0%

DLRPhoenix — Real Estate And Accumulated Depreciation Initial Cost Of Land

$11.86M0.0%

DLRPhoenix — Real Estate And Accumulated Depreciation Carrying Amount Of Land

$11.86M0.0%

LXPPhoenix, AZ — Land held for development

$57.45M-23.7%

PSAPhoenix — Initial Cost, Building & Improvements

$367.87M0.0%

LINEArizona — Initial cost to company, land

$22M+633%

Other financials

Income statement

See full

Revenue$734.1M+8.8%

Net income$160.5M-3.2%

EPS (diluted)$0.26-3.7%

Balance sheet

See full

Cash & equivalents$373.0M+17.1%

Total debt$9.8B+21.0%

Total equity$9.1B-6.5%

Total assets$18.7B+0.7%

Cash flow

See full

Operating cash flow$293.0M-2.5%

CapEx$6.3M-19.4%

Free cash flow$122.4M-2.1%

Valuation

See full

Market cap$18.07B-8.9%

Enterprise value$27.54B-0.8%

P/E31×-5.4×

P/S6.5×-0.9×

Profitability

See full

Operating margin15.5%—

Net margin20.9%+2.9pp

FCF margin43.2%+3.0pp

Returns & leverage

See full

Return on equity6.2%+1.4pp

Debt / equity1.1×+0.2×

Where this comes from

Reported directly by Invitation Homes in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationInitialCostOfLand.

The official record: Invitation Homes’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Invitation Homes's phoenix — land?: Invitation Homes (INVH) reported phoenix — land of $432.58M in Q4 2025.
How has Invitation Homes's phoenix — land changed year-over-year?: Invitation Homes's phoenix — land decreased by 0.3% year-over-year, from $433.7M to $432.58M.
What does phoenix — land mean?: The historical cost basis of land holdings owned by the company within the Phoenix market. Land is a non-depreciable asset that forms the foundation of the real estate investment value.