Invitation Homes Business Segments — Property operating and maintenance increased by 2.6% to $251.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $237.45M to $251.13M. Over 3 years (FY 2022 to FY 2025), Business Segments — Property operating and maintenance shows an upward trend with a 7.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase may signal aging portfolio infrastructure or rising labor and material costs, while a decrease could suggest deferred maintenance or improved asset quality.
This metric aggregates all direct costs incurred to operate, maintain, and preserve the physical condition of the rental...
Comparable to total property operating expenses (TPOE) or property-level maintenance costs reported by other single-family and multi-family housing REITs.
invh_segment_reportable_segment_property_operating_and_maintenance| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $196.59M | $196.59M | $196.59M | $196.59M | $220.08M | $220.08M | $220.08M | $220.08M | $230.40M | $234.18M | $242.23M | $228.46M | $237.45M | $244.28M | $259.04M | $244.82M | $251.13M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.0% | +0.0% | +0.0% | +0.0% | +4.7% | +1.6% | +3.4% | -5.7% | +3.9% | +2.9% | +6.0% | -5.5% | +2.6% |
| YoY Change | — | — | — | — | +12.0% | +12.0% | +12.0% | +12.0% | +4.7% | +6.4% | +10.1% | +3.8% | +3.1% | +4.3% | +6.9% | +7.2% | +5.8% |