Operating Expenses
Lease Costs
Invitation Homes Lease Costs 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 4 years (FY 2021 to FY 2025), Lease Costs shows an upward trend with a 8.7% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026Apr 30, 2026
How to read this metric
Increasing lease costs may indicate expansion or a shift toward an asset-light strategy, while decreasing costs could signal consolidation or a shift toward asset ownership.
Detailed definition
This metric aggregates the total expenses incurred from leasing arrangements, including operating lease payments, variab...
Peer comparison
Standard across all sectors; peers report this under operating expenses, often broken down in lease-specific disclosures.
Metric ID:
wfc_lease_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $175.42M | $184.48M | $177.88M | $182.27M | $190.68M | $203.79M | $209.62M | $208.50M | $213.81M | $229.49M | $228.54M | $230.40M | $234.18M | $242.23M | $228.46M | $237.45M | $244.28M | $259.04M | $244.82M | $251.13M |
| QoQ Change | — | +5.2% | -3.6% | +2.5% | +4.6% | +6.9% | +2.9% | -0.5% | +2.5% | +7.3% | -0.4% | +0.8% | +1.6% | +3.4% | -5.7% | +3.9% | +2.9% | +6.0% | -5.5% | +2.6% |
| YoY Change | — | — | — | — | +8.7% | +10.5% | +17.8% | +14.4% | +12.1% | +12.6% | +9.0% | +10.5% | +9.5% | +5.6% | -0.0% | +3.1% | +4.3% | +6.9% | +7.2% | +5.8% |
Range$175.42M – $259.04M
CAGR+7.8%
Avg YoY Growth+8.6%
Median YoY Growth+8.9%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Reportable Segment | $237.45M | $244.28M | $259.04M | $244.82M | $251.13M |
| Total | $237.45M | $244.28M | $259.04M | $244.82M | $251.13M |
Lease Costs at Other Companies
Frequently Asked Questions
- What is Invitation Homes's lease costs?
- Invitation Homes (INVH) reported lease costs of $251.13M in Q1 2026.
- How has Invitation Homes's lease costs changed year-over-year?
- Invitation Homes's lease costs increased by 5.8% year-over-year, from $237.45M to $251.13M.
- What is the long-term trend for Invitation Homes's lease costs?
- Over 4 years (2021 to 2025), Invitation Homes's lease costs has grown at a 8.7% compound annual growth rate (CAGR), from $706.16M to $985.59M.
- What does lease costs mean?
- The total expense recognized for renting or leasing assets.