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Invitation Homes (INVH) Financials

Invitation Homes logo
$33.44 +0.24 (+0.73%)
Closing price 03:59 PM Eastern
Extended Trading
$33.71 +0.27 (+0.79%)
As of 07:48 PM Eastern
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Annual Income Statements for Invitation Homes

Annual Income Statements for Invitation Homes

This table shows Invitation Homes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 453 519 383 261 392 145 -5.74 -105 -78 -160
Consolidated Net Income / (Loss)		 455 521 385 263 197 147 -5.01 -106 -78 -160
Net Income / (Loss) Continuing Operations		 211 337 294 203 197 51 -55 -140 -1,019 -162
Total Pre-Tax Income 		239 355 304 204 113 44 -55 -140 -1,019 -162
Total Revenue		 2,619 2,432 2,238 1,674 1,469 1,398 1,339 797 -286 562
Net Interest Income / (Expense)		 0.00 0.00 0.00 -323 -354 -367 -384 -257 -286 -274
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 323 354 367 384 257 286 274
Total Non-Interest Income		 2,619 2,432 2,238 1,997 1,823 1,765 1,723 1,054 0.00 836
Other Service Charges		 70 14 11 4.89 1,823 - 1,723 1,054 - 36
Other Non-Interest Income		 2,549 2,419 2,227 1,992 0.00 1,765 - - - 800
Total Non-Interest Expense		 2,326 2,074 1,923 1,464 1,356 1,358 1,401 936 732 722
Net Occupancy & Equipment Expense		 1,073 976 874 778 739 732 721 435 391 387
Other Operating Expenses		 457 416 378 76 63 74 99 168 69 79
Depreciation Expense		 714 674 638 592 553 534 561 310 268 250
Impairment Charge		 83 8.60 29 8.68 0.70 19 21 24 4.21 4.58
Other Special Charges		 -1.05 -0.35 3.94 9.42 - - - - - -
Nonoperating Income / (Expense), net		 -54 -2.44 -11 -5.84 - 5.12 6.96 -0.96 -1.56 -3.12
Other Gains / (Losses), net		 -28 -18 -9.61 -1.55 84 6.48 - - - -
Other Adjustments to Consolidated Net Income / (Loss)		 245 184 91 60 - 96 50 34 941 2.27
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.20 2.25 2.13 1.68 1.69 2.04 0.73 -0.49 0.00 0.00
Basic Earnings per Share		 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 ($0.01) - - -
Weighted Average Basic Shares Outstanding		 612.55M 611.89M 609.77M 577.68M 553.99M 531.24M 520.38M 520.36M - -
Diluted Earnings per Share		 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 ($0.01) - - -
Weighted Average Diluted Shares Outstanding		 613.63M 613.29M 611.11M 579.21M 555.46M 532.50M 520.38M 520.36M - -
Weighted Average Basic & Diluted Shares Outstanding		 612.69M 611.96M 611.41M 607.65M 567.22M 541.88M 520.38M 520.36M - -
Cash Dividends to Common per Share		 $1.12 $1.04 $0.88 $0.68 $0.60 $0.52 $0.44 $0.22 - -

Quarterly Income Statements for Invitation Homes

This table shows Invitation Homes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 166 143 95 73 142 129 132 138 120 7.88 79
Consolidated Net Income / (Loss)		 166 144 96 73 143 130 132 138 121 101 79
Net Income / (Loss) Continuing Operations		 95 -2.72 48 73 92 34 74 138 91 34 55
Total Pre-Tax Income 		100 -16 70 88 97 81 82 97 95 77 56
Total Revenue		 674 749 660 653 556 702 618 600 512 806 492
Net Interest Income / (Expense)		 0.00 90 0.00 0.00 -90 78 0.00 0.00 -78 226 -76
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 -90 0.00 0.00 90 -78 0.00 0.00 78 -226 76
Total Non-Interest Income		 674 659 660 653 646 624 618 600 590 580 569
Other Service Charges		 21 21 19 16 14 3.42 3.40 3.45 3.38 -525 3.28
Other Non-Interest Income		 653 638 641 637 632 621 614 597 587 1,105 565
Total Non-Interest Expense		 576 705 591 565 465 620 536 503 415 726 428
Net Occupancy & Equipment Expense		 274 268 277 267 262 254 253 237 232 232 226
Other Operating Expenses		 114 209 113 112 23 190 109 98 17 321 20
Depreciation Expense		 183 182 180 177 175 173 171 166 165 163 160
Impairment Charge		 4.68 48 21 10 4.14 3.07 2.50 1.87 1.16 5.82 20
Other Special Charges		 0.22 - - - 0.21 - - - -0.09 - 0.80
Nonoperating Income / (Expense), net		 1.37 - - - 5.97 - - - -1.49 - -8.37
Other Gains / (Losses), net		 -5.22 13 -22 -15 -5.14 -47 -7.93 41 -4.16 -43 -0.85
Other Adjustments to Consolidated Net Income / (Loss)		 72 - 48 - 50 - 58 - 30 - 24
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.77 0.63 0.49 0.45 0.63 0.57 0.58 0.58 0.51 0.44 0.40
Basic Earnings per Share		 $0.27 $0.23 $0.16 $0.12 $0.23 $0.20 $0.22 $0.23 $0.20 $0.17 $0.13
Weighted Average Basic Shares Outstanding		 612.78M 612.55M 612.67M 612.63M 612.22M 611.89M 612.00M 611.95M 611.59M 609.77M 610.85M
Diluted Earnings per Share		 $0.27 $0.24 $0.15 $0.12 $0.23 $0.22 $0.21 $0.22 $0.20 $0.17 $0.13
Weighted Average Diluted Shares Outstanding		 613.36M 613.63M 613.65M 613.82M 613.81M 613.29M 613.58M 613.32M 612.56M 611.11M 612.65M
Weighted Average Basic & Diluted Shares Outstanding		 612.95M 612.69M 612.61M 612.59M 612.54M 611.96M 611.96M 611.96M 611.92M 611.41M 611.41M
Cash Dividends to Common per Share		 $0.29 - $0.28 $0.28 $0.28 - $0.26 $0.26 $0.26 - $0.22

Annual Cash Flow Statements for Invitation Homes

This table details how cash moves in and out of Invitation Homes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -478 444 -365 407 126 -74 -57 -3.65 -74 -11
Net Cash From Operating Activities		 1,082 1,107 1,024 908 697 662 561 263 256 197
Net Cash From Continuing Operating Activities		 1,082 1,107 1,029 908 697 658 561 263 256 197
Net Income / (Loss) Continuing Operations		 455 521 385 263 197 147 -5.01 -106 -78 -160
Consolidated Net Income / (Loss)		 455 521 385 263 197 147 -5.01 -106 -78 -160
Depreciation Expense		 714 674 638 592 553 534 561 310 268 250
Amortization Expense		 21 18 17 19 31 47 48 36 64 90
Non-Cash Adjustments to Reconcile Net Income		 -130 -118 0.16 8.62 -38 -62 4.91 52 2.48 32
Changes in Operating Assets and Liabilities, net		 21 12 -10 25 -46 -7.30 -47 -29 -0.34 -14
Net Cash From Investing Activities		 -466 -774 -814 -1,160 -425 102 63 65 -258 -860
Net Cash From Continuing Investing Activities		 -466 -774 -820 -1,160 -425 102 63 65 -258 -860
Purchase of Property, Leasehold Improvements and Equipment		 -250 -251 -330 -240 -271 -222 -46 -101 -107 -163
Acquisitions		 -44 -0.44 -168 -65 -16 0.00 0.00 - - -
Purchase of Investment Securities		 -805 -1,030 -603 -1,148 -624 -581 -606 -326 -300 -909
Sale and/or Maturity of Investments		 636 502 317 353 487 906 724 285 143 136
Other Investing Activities, net		 -2.29 6.37 -35 -60 -0.91 -0.40 -9.27 2.51 5.72 77
Net Cash From Financing Activities		 -1,094 110 -574 659 -146 -838 -681 -331 -72 652
Net Cash From Continuing Financing Activities		 -1,094 110 -574 659 1,289 -838 -681 -331 -72 652
Issuance of Debt		 2,994 940 1,453 2,338 2,820 888 4,519 3,496 185 3,417
Issuance of Common Equity		 0.00 0.00 98 934 687 55 0.00 1,692 0.00 0.00
Repayment of Debt		 -3,380 -178 -1,555 -2,184 -1,862 -1,485 -4,957 -5,427 -392 -2,328
Payment of Dividends		 -689 -638 -539 -394 -332 -277 -234 -69 0.00 -683
Other Financing Activities, Net		 -19 -14 -32 -35 -24 -20 -9.25 -24 136 245
Cash Interest Paid		 321 291 276 286 313 322 336 226 223 204
Cash Income Taxes Paid		 0.16 0.25 1.53 0.81 1.28 2.78 2.07 2.53 0.00 0.00

Quarterly Cash Flow Statements for Invitation Homes

This table details how cash moves in and out of Invitation Homes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -101 -826 282 16 50 -82 360 91 74 -62 36
Net Cash From Operating Activities		 301 133 314 370 266 88 421 281 318 120 352
Net Cash From Continuing Operating Activities		 301 133 314 370 266 88 421 281 318 120 358
Net Income / (Loss) Continuing Operations		 166 144 96 73 143 130 132 138 121 101 79
Consolidated Net Income / (Loss)		 166 144 96 73 143 130 132 138 121 101 79
Depreciation Expense		 183 182 180 177 175 173 171 166 165 163 160
Amortization Expense		 5.76 5.95 5.69 4.86 4.86 4.86 4.66 4.36 4.31 4.31 4.31
Non-Cash Adjustments to Reconcile Net Income		 -58 -64 -14 -19 -33 -30 -38 -35 -15 17 -4.09
Changes in Operating Assets and Liabilities, net		 3.56 -135 46 134 -24 -190 152 7.54 43 -166 118
Net Cash From Investing Activities		 -114 27 -292 -175 -25 -3.96 -678 -22 -70 -58 -175
Net Cash From Continuing Investing Activities		 -114 27 -292 -175 -25 -3.96 -678 -22 -70 -58 -181
Purchase of Property, Leasehold Improvements and Equipment		 -58 -59 -77 -61 -53 -70 -69 -57 -55 -74 -93
Acquisitions		 -10 -4.64 -0.62 -38 -0.75 - -0.19 - -0.25 -1.14 -45
Purchase of Investment Securities		 -217 -219 -316 -159 -112 -73 -788 -66 -104 -71 -99
Sale and/or Maturity of Investments		 167 312 99 89 136 137 143 131 91 90 62
Other Investing Activities, net		 4.66 -1.78 1.50 -6.52 4.50 1.15 37 -30 -1.08 -1.99 -6.51
Net Cash From Financing Activities		 -287 -985 261 -179 -191 -166 617 -168 -174 -123 -140
Net Cash From Continuing Financing Activities		 -287 -985 261 -179 -191 -166 617 -168 -174 -123 -140
Issuance of Debt		 100 - - - - - - - - 575 -
Repayment of Debt		 -203 -811 -2,559 -4.73 -5.80 -5.32 -162 -6.16 -4.61 -563 -4.48
Payment of Dividends		 -178 -173 -172 -172 -173 -159 -159 -159 -160 -135 -135
Other Financing Activities, Net		 -6.07 -1.95 -2.79 -2.29 -12 -1.39 -1.29 -2.14 -8.69 -1.09 -1.13
Cash Interest Paid		 92 74 80 78 89 78 66 79 68 79 66
Cash Income Taxes Paid		 0.04 0.05 0.01 0.04 0.05 0.16 0.06 0.00 0.02 0.04 0.39

Annual Balance Sheets for Invitation Homes

This table presents Invitation Homes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Total Assets		 18,701 19,221 18,537 18,538 17,506 17,393 18,063 18,684 9,732
Cash and Due from Banks		 174 701 263 610 213 92 145 180 198
Restricted Cash		 245 197 191 209 198 194 215 237 222
Trading Account Securities		 242 247 281 130 69 55 - - -
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 17,212 17,289 17,030 16,935 16,289 16,243 16,686 17,312 9,003
Goodwill		 258 258 258 258 258 258 258 258 0.00
Other Assets		 569 529 514 395 478 550 759 697 310
Total Liabilities & Shareholders' Equity		 18,701 19,221 18,537 18,538 17,506 17,393 18,063 18,684 9,732
Total Liabilities		 8,908 9,031 8,213 8,699 8,950 9,127 9,694 10,034 7,775
Non-Interest Bearing Deposits		 181 180 176 165 158 148 149 147 87
Short-Term Debt		 570 0.00 0.00 0.00 0.00 0.00 0.00 35 0.00
Other Short-Term Payables		 248 201 198 194 - 186 170 193 88
Long-Term Debt		 7,632 8,546 7,769 7,999 8,032 8,467 9,250 9,617 7,570
Other Long-Term Liabilities		 278 103 70 342 761 325 126 42 30
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -
Total Equity & Noncontrolling Interests		 9,793 10,190 10,324 9,839 8,556 8,266 8,369 8,650 1,957
Total Preferred & Common Equity		 9,757 10,156 10,291 9,798 8,505 8,214 8,229 8,498 1,957
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Total Common Equity		 9,757 10,156 10,291 9,798 8,505 8,214 8,229 8,498 1,957
Common Stock		 11,177 11,163 11,145 10,880 9,713 9,016 8,635 8,608 1,957
Retained Earnings		 -1,481 -1,071 -951 -795 -661 -525 -393 -158 -
Accumulated Other Comprehensive Income / (Loss)		 61 64 98 -287 -547 -277 -13 48 -
Noncontrolling Interest		 36 34 32 41 51 52 140 152 -

Quarterly Balance Sheets for Invitation Homes

This table presents Invitation Homes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 18,578 18,701 19,633 19,239 19,210 19,221 19,466 18,542 18,503 18,537 18,678
Cash and Due from Banks		 84 174 1,027 749 738 701 763 414 325 263 300
Restricted Cash		 234 245 218 214 209 197 217 205 203 191 216
Trading Account Securities		 242 242 245 269 238 247 258 267 273 281 287
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 17,203 17,212 17,285 17,165 17,187 17,289 17,400 16,790 16,914 17,030 17,109
Goodwill		 258 258 258 258 258 258 258 258 258 258 258
Other Assets		 556 569 600 584 579 529 570 607 530 514 508
Total Liabilities & Shareholders' Equity		 18,578 18,701 19,633 19,239 19,210 19,221 19,466 18,542 18,503 18,537 18,678
Total Liabilities		 8,823 8,908 9,681 9,173 9,040 9,031 9,197 8,260 8,251 8,213 8,332
Non-Interest Bearing Deposits		 184 181 180 180 180 180 180 177 177 176 173
Short-Term Debt		 470 570 750 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Short-Term Payables		 251 248 399 354 241 201 368 241 226 198 326
Long-Term Debt		 7,633 7,632 8,259 8,544 8,544 8,546 8,547 7,766 7,768 7,769 7,753
Other Long-Term Liabilities		 285 278 93 95 75 103 101 76 80 70 80
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 9,755 9,793 9,952 10,067 10,170 10,190 10,270 10,283 10,253 10,324 10,346
Total Preferred & Common Equity		 9,718 9,757 9,916 10,031 10,135 10,156 10,236 10,250 10,219 10,291 10,315
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 9,718 9,757 9,916 10,031 10,135 10,156 10,236 10,250 10,219 10,291 10,315
Common Stock		 11,181 11,177 11,170 11,166 11,160 11,163 11,156 11,148 11,143 11,145 11,139
Retained Earnings		 -1,494 -1,481 -1,276 -1,198 -1,100 -1,071 -1,040 -1,011 -989 -951 -916
Accumulated Other Comprehensive Income / (Loss)		 31 61 21 64 75 64 120 113 66 98 92
Noncontrolling Interest		 37 36 36 35 35 34 34 33 33 32 31

Annual Metrics And Ratios for Invitation Homes

This table displays calculated financial ratios and metrics derived from Invitation Homes' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.67% 8.68% 33.70% 13.96% 5.11% 4.34% 67.95% 378.79% -150.87% 0.00%
EBITDA Growth		 -2.03% 8.31% 18.02% 17.88% 12.52% 13.37% 164.48% 130.13% -479.40% 0.00%
EBIT Growth		 -18.03% 13.60% 49.88% 85.61% 189.01% 163.54% 55.57% 86.37% -538.72% 0.00%
NOPAT Growth		 -18.03% 13.60% 49.88% 85.61% 189.01% 190.77% 55.57% 86.37% -538.72% 0.00%
Net Income Growth		 -12.60% 35.40% 46.44% 33.09% 34.22% 3,034.59% 95.26% -35.26% 51.16% 0.00%
EPS Growth		 -12.94% 34.92% 40.00% 28.57% 29.63% 2,800.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -2.28% 8.16% 12.77% 30.28% 5.22% 17.98% 113.42% 2.70% 29.66% 0.00%
Free Cash Flow Firm Growth		 461.90% -578.85% 105.74% -501.13% -71.97% 44.61% 107.21% 13.37% 0.00% 0.00%
Invested Capital Growth		 -3.96% 3.56% 1.43% 7.54% -0.87% -5.03% -3.73% 92.09% 0.00% 0.00%
Revenue Q/Q Growth		 16.98% 9.01% 19.45% 4.52% 0.88% 1.43% 24.45% 2,073.15% 0.00% 0.00%
EBITDA Q/Q Growth		 -2.67% 1.22% 3.70% 3.96% 3.98% 2.24% 92.01% 137.92% 0.00% 0.00%
EBIT Q/Q Growth		 -11.48% 0.65% 4.92% 19.76% 12.71% 114.58% 78.94% 83.83% 0.00% 0.00%
NOPAT Q/Q Growth		 -12.80% 1.90% 8.92% 20.79% 17.89% 48.51% 78.94% 86.69% 0.00% 0.00%
Net Income Q/Q Growth		 3.09% 5.91% 7.24% 1.44% 10.39% 22.32% 93.50% -23.02% 0.00% 0.00%
EPS Q/Q Growth		 2.78% 6.25% 8.62% 0.00% 6.06% 22.73% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 4.37% -2.82% -0.55% 6.36% -0.03% 3.62% 11.00% -5.67% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 437.46% 21.92% 112.60% -107.54% -2.93% -23.81% 107.12% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -5.09% -0.43% -0.04% 2.89% -0.44% -0.59% -2.22% 97.93% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 39.29% 43.18% 43.33% 49.08% 47.45% 44.33% 40.80% 25.91% 0.00% 32.14%
EBIT Margin		 11.20% 14.71% 14.07% 12.55% 7.71% 2.80% -4.60% -17.40% 0.00% -28.34%
Profit (Net Income) Margin		 17.39% 21.42% 17.19% 15.70% 13.44% 10.53% -0.37% -13.27% 0.00% -28.49%
Tax Burden Percent		 190.32% 146.62% 126.70% 128.61% 174.40% 332.12% 9.17% 75.74% 7.67% 98.60%
Interest Burden Percent		 81.58% 99.32% 96.42% 97.22% 100.00% 113.07% 88.71% 100.69% 100.15% 101.96%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.60% 1.94% 1.75% 1.22% 0.68% 0.23% -0.24% -0.70% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.53% 3.94% 2.64% 1.88% 1.70% 1.45% 0.16% -0.80% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 2.96% 3.14% 2.06% 1.64% 1.67% 1.54% 0.18% -1.30% 0.00% 0.00%
Return on Equity (ROE)		 4.56% 5.08% 3.82% 2.86% 2.35% 1.77% -0.06% -2.00% -4.00% 0.00%
Cash Return on Invested Capital (CROIC)		 5.64% -1.55% 0.33% -6.04% 1.56% 5.38% 3.56% -63.75% -214.96% 0.00%
Operating Return on Assets (OROA)		 1.55% 1.90% 1.70% 1.17% 0.65% 0.22% -0.34% -0.98% 0.00% 0.00%
Return on Assets (ROA)		 2.40% 2.76% 2.08% 1.46% 1.13% 0.83% -0.03% -0.74% 0.00% 0.00%
Return on Common Equity (ROCE)		 4.54% 5.06% 3.80% 2.84% 2.33% 1.75% -0.06% -1.97% -4.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 4.67% 5.13% 3.74% 2.68% 2.32% 1.79% -0.06% -1.25% -4.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 293 358 315 210 113 39 -43 -97 -713 -112
NOPAT Margin		 11.20% 14.71% 14.07% 12.55% 7.71% 2.80% -3.22% -12.18% 0.00% -19.84%
Net Nonoperating Expense Percent (NNEP)		 -1.94% -2.00% -0.89% -0.66% -1.02% -1.22% -0.40% 0.10% -16.76% 0.00%
SG&A Expenses to Revenue		 40.96% 40.13% 39.06% 46.46% 50.32% 52.35% 53.82% 54.53% 0.00% 68.90%
Operating Expenses to Revenue		 88.80% 85.29% 85.93% 87.45% 92.29% 97.20% 104.60% 117.40% 0.00% 128.34%
Earnings before Interest and Taxes (EBIT)		 293 358 315 210 113 39 -62 -139 -1,018 -159
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,029 1,050 970 822 697 619 546 207 -686 181
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.01 1.99 1.64 2.55 1.77 1.74 1.10 0.74 0.00 0.00
Price to Tangible Book Value (P/TBV)		 2.06 2.04 1.68 2.62 1.83 1.80 1.14 0.76 0.00 0.00
Price to Revenue (P/Rev)		 7.48 8.30 7.53 14.93 10.27 10.25 6.79 7.85 0.00 0.00
Price to Earnings (P/E)		 43.22 38.93 44.05 95.70 38.53 98.70 0.00 0.00 0.00 0.00
Dividend Yield		 3.53% 4.00% 3.19% 1.62% 2.23% 1.96% 2.52% 1.09% 0.00% 0.00%
Earnings Yield		 2.31% 2.57% 2.27% 1.05% 2.60% 1.01% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.52 1.49 1.34 1.81 1.37 1.35 1.03 0.85 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 10.46 11.46 10.81 19.24 15.49 16.14 13.53 19.62 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 26.63 26.54 24.96 39.20 32.65 36.40 33.16 75.72 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 93.43 77.92 76.84 153.26 200.99 575.64 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 93.43 77.92 76.84 153.26 200.99 575.64 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 25.33 25.18 23.64 35.48 32.66 34.06 32.29 59.49 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.48 0.00 405.25 0.00 87.79 24.39 28.34 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.84 0.84 0.75 0.81 0.94 1.02 1.11 1.12 3.87 0.00
Long-Term Debt to Equity		 0.78 0.84 0.75 0.81 0.94 1.02 1.11 1.11 3.87 0.00
Financial Leverage		 0.84 0.80 0.78 0.87 0.98 1.07 1.11 1.62 3.87 0.00
Leverage Ratio		 1.90 1.84 1.84 1.96 2.07 2.13 2.16 2.68 4.97 0.00
Compound Leverage Factor		 1.55 1.83 1.77 1.91 2.07 2.41 1.92 2.70 4.98 0.00
Debt to Total Capital		 45.58% 45.61% 42.94% 44.84% 48.42% 50.60% 52.50% 52.74% 79.46% 0.00%
Short-Term Debt to Total Capital		 3.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.41% 45.61% 42.94% 44.84% 48.42% 50.60% 52.50% 52.55% 79.46% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.20% 0.18% 0.18% 0.23% 0.31% 0.31% 0.80% 0.83% 0.00% 0.00%
Common Equity to Total Capital		 54.22% 54.20% 56.88% 54.93% 51.27% 49.09% 46.71% 46.43% 20.54% 0.00%
Debt to EBITDA		 7.97 8.14 8.01 9.73 11.52 13.67 16.93 46.71 -11.04 0.00
Net Debt to EBITDA		 7.56 7.28 7.54 8.74 10.93 13.21 16.27 44.70 -10.43 0.00
Long-Term Debt to EBITDA		 7.42 8.14 8.01 9.73 11.52 13.67 16.93 46.54 -11.04 0.00
Debt to NOPAT		 27.97 23.89 24.67 38.06 70.94 216.15 -214.33 -99.36 -10.62 0.00
Net Debt to NOPAT		 26.54 21.38 23.23 34.17 67.30 208.84 -205.99 -95.08 -10.04 0.00
Long-Term Debt to NOPAT		 26.02 23.89 24.67 38.06 70.94 216.15 -214.33 -99.00 -10.62 0.00
Noncontrolling Interest Sharing Ratio		 0.35% 0.33% 0.36% 0.50% 0.61% 1.15% 1.71% 1.43% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,035 -286 60 -1,040 259 925 639 -8,871 -10,240 0.00
Operating Cash Flow to CapEx		 432.72% 440.53% 309.76% 377.81% 257.04% 298.69% 1,227.21% 260.16% 240.21% 121.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -3.22 0.73 2.52 1.67 -34.52 -35.80 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 2.81 1.97 1.80 1.46 1.02 0.90 0.72
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 2.07 1.20 1.20 1.34 0.63 0.52 0.13
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.14 0.13 0.12 0.09 0.08 0.08 0.07 0.06 0.00 0.00
Fixed Asset Turnover		 0.15 0.14 0.13 0.10 0.09 0.08 0.08 0.06 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 17,995 18,736 18,093 17,837 16,588 16,734 17,619 18,302 9,528 0.00
Invested Capital Turnover		 0.14 0.13 0.12 0.10 0.09 0.08 0.07 0.06 0.00 0.00
Increase / (Decrease) in Invested Capital		 -742 644 255 1,250 -146 -885 -683 8,774 9,528 0.00
Enterprise Value (EV)		 27,403 27,879 24,202 32,207 22,756 22,551 18,122 15,644 0.00 0.00
Market Capitalization		 19,585 20,195 16,855 24,986 15,085 14,318 9,092 6,258 0.00 0.00
Book Value per Share		 $15.93 $16.60 $16.83 $16.42 $15.17 $15.26 $15.81 $27.29 $0.00 $0.00
Tangible Book Value per Share		 $15.51 $16.17 $16.41 $15.99 $14.71 $14.78 $15.31 $26.46 $0.00 $0.00
Total Capital		 17,995 18,736 18,093 17,837 16,588 16,734 17,619 18,302 9,528 0.00
Total Debt		 8,202 8,546 7,769 7,999 8,032 8,467 9,250 9,652 7,570 0.00
Total Long-Term Debt		 7,632 8,546 7,769 7,999 8,032 8,467 9,250 9,617 7,570 0.00
Net Debt		 7,783 7,649 7,315 7,180 7,620 8,181 8,890 9,235 7,150 0.00
Capital Expenditures (CapEx)		 250 251 330 240 271 222 46 101 107 163
Net Nonoperating Expense (NNE)		 -162 -163 -70 -53 -84 -108 -38 8.69 -634 49
Net Nonoperating Obligations (NNO)		 8,202 8,546 7,769 7,999 8,032 8,467 9,250 9,652 7,570 0.00
Total Depreciation and Amortization (D&A)		 736 692 655 612 584 580 608 345 332 340
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 ($0.01) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 612.55M 611.89M 609.77M 577.68M 553.99M 531.24M 521.19M 520.36M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 ($0.01) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 613.63M 613.29M 611.11M 579.21M 555.46M 532.50M 521.19M 520.36M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.27 ($0.01) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 612.69M 611.96M 611.41M 607.65M 567.22M 541.88M 520.38M 520.36M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 263 256 243 160 80 41 -29 -80 -710 -108
Normalized NOPAT Margin		 10.03% 10.53% 10.87% 9.54% 5.43% 2.90% -2.13% -10.07% 0.00% -19.27%
Pre Tax Income Margin		 9.14% 14.61% 13.57% 12.21% 7.71% 3.17% -4.08% -17.52% 0.00% -28.89%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.65 0.32 0.11 -0.16 -0.54 -3.56 -0.58
NOPAT to Interest Expense		 0.00 0.00 0.00 0.65 0.32 0.11 -0.11 -0.38 -2.49 -0.41
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -0.09 -0.45 -0.50 -0.28 -0.93 -3.93 -1.18
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -0.09 -0.45 -0.50 -0.23 -0.77 -2.86 -1.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 151.36% 122.48% 140.08% 149.87% 168.22% 188.08% -4,669.70% -65.20% 0.00% -426.07%
Augmented Payout Ratio		 151.36% 122.48% 140.08% 149.87% 168.22% 188.08% -4,669.70% -65.20% 0.00% -426.07%

Quarterly Metrics And Ratios for Invitation Homes

This table displays calculated financial ratios and metrics derived from Invitation Homes' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.40% 6.64% 6.90% 8.84% 8.67% -12.81% 25.49% 24.44% 11.78% 82.61% 14.43%
EBITDA Growth		 5.80% -10.83% -0.69% 0.96% 2.29% 5.13% 12.24% 5.43% 10.86% 16.27% 5.84%
EBIT Growth		 7.67% -46.29% -15.33% -9.06% -5.29% 2.87% 27.00% 6.88% 21.10% 22.68% 12.02%
NOPAT Growth		 7.67% -113.70% -15.33% -9.06% -5.29% 5.51% 27.00% 6.88% 21.10% 18.24% 12.02%
Net Income Growth		 16.46% 10.49% -27.71% -46.90% 18.41% 28.83% 66.46% 24.01% 29.66% 34.71% 14.29%
EPS Growth		 17.39% 9.09% -28.57% -45.45% 15.00% 29.41% 61.54% 22.22% 33.33% 41.67% 8.33%
Operating Cash Flow Growth		 13.15% 51.70% -25.47% 31.62% -16.43% -26.83% 19.58% -11.38% 35.21% -4.55% 12.71%
Free Cash Flow Firm Growth		 258.42% 229.86% 88.32% -660.42% -484.36% -215.53% 9.03% 106.45% 111.65% 84.95% -13.14%
Invested Capital Growth		 -4.57% -3.96% 0.76% 3.12% 3.85% 3.56% 3.96% 0.07% -0.33% 1.43% 4.40%
Revenue Q/Q Growth		 -9.95% 13.43% 1.05% 17.49% 22.07% 13.71% 2.89% 17.30% 2.08% 63.65% 2.02%
EBITDA Q/Q Growth		 23.88% -9.30% -5.15% -0.73% 4.21% 1.02% -3.57% 0.57% 7.31% 7.86% -9.43%
EBIT Q/Q Growth		 123.23% -36.60% -21.08% -3.61% 10.68% -0.04% -15.24% 0.39% 20.95% 23.40% -28.67%
NOPAT Q/Q Growth		 985.05% -115.99% -21.08% -3.61% 8.59% -1.19% -15.24% 0.39% 25.49% 18.93% -28.67%
Net Income Q/Q Growth		 15.82% 50.21% 30.16% -48.57% 9.89% -1.72% -4.38% 14.68% 19.55% 26.98% -28.77%
EPS Q/Q Growth		 12.50% 60.00% 25.00% -47.83% 4.55% 4.76% -4.55% 10.00% 17.65% 30.77% -27.78%
Operating Cash Flow Q/Q Growth		 126.28% -57.65% -15.19% 39.24% 203.37% -79.20% 49.78% -11.59% 165.62% -66.00% 11.00%
Free Cash Flow Firm Q/Q Growth		 30.65% 1,084.50% 84.35% 21.31% -7.67% 11.44% -850.96% -46.03% 187.91% 74.47% 46.74%
Invested Capital Q/Q Growth		 -0.76% -5.09% 1.88% -0.56% -0.12% -0.43% 4.26% 0.15% -0.40% -0.04% 0.35%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.61% 30.97% 38.73% 41.26% 48.84% 37.04% 41.69% 44.48% 51.88% 30.72% 46.61%
EBIT Margin		 14.60% 5.89% 10.54% 13.49% 16.44% 11.69% 13.30% 16.15% 18.87% 9.91% 13.14%
Profit (Net Income) Margin		 24.65% 19.17% 14.47% 11.24% 25.67% 18.50% 21.41% 23.03% 23.56% 12.52% 16.14%
Tax Burden Percent		 166.56% -903.30% 137.38% 83.30% 146.56% 160.05% 160.92% 142.65% 126.84% 131.08% 141.02%
Interest Burden Percent		 101.39% -36.03% 100.00% 100.00% 106.53% 98.85% 100.00% 100.00% 98.45% 96.38% 87.06%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 2.11% -0.21% 1.25% 1.62% 1.92% 1.53% 1.61% 1.88% 2.08% 1.19% 1.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.93% 1.64% 1.55% 1.44% 2.55% 2.12% 2.22% 2.42% 2.39% 1.49% 1.58%
Return on Net Nonoperating Assets (RNNOA)		 2.45% 1.37% 1.34% 1.15% 2.04% 1.69% 1.76% 1.82% 1.82% 1.17% 1.24%
Return on Equity (ROE)		 4.56% 1.16% 2.59% 2.77% 3.95% 3.22% 3.37% 3.71% 3.90% 2.36% 2.63%
Cash Return on Invested Capital (CROIC)		 6.32% 5.64% 1.02% -1.16% -1.86% -1.55% -1.98% 1.73% 2.10% 0.33% -2.67%
Operating Return on Assets (OROA)		 2.05% 0.81% 1.21% 1.57% 1.87% 1.51% 1.56% 1.84% 2.02% 1.20% 1.33%
Return on Assets (ROA)		 3.45% 2.65% 1.66% 1.31% 2.92% 2.38% 2.50% 2.62% 2.53% 1.51% 1.64%
Return on Common Equity (ROCE)		 4.54% 1.15% 2.58% 2.76% 3.94% 3.21% 3.35% 3.70% 3.88% 2.35% 2.62%
Return on Equity Simple (ROE_SIMPLE)		 4.93% 0.00% 4.45% 4.77% 5.36% 0.00% 4.81% 4.28% 4.04% 0.00% 3.48%
Net Operating Profit after Tax (NOPAT)		 98 -11 70 88 91 81 82 97 97 77 65
NOPAT Margin		 14.60% -1.49% 10.54% 13.49% 16.44% 11.56% 13.30% 16.15% 18.87% 9.55% 13.14%
Net Nonoperating Expense Percent (NNEP)		 -0.81% -1.85% -0.30% 0.18% -0.63% -0.60% -0.61% -0.53% -0.31% -0.30% -0.19%
SG&A Expenses to Revenue		 40.65% 35.74% 41.89% 40.83% 47.04% 36.13% 40.94% 39.54% 45.34% 28.85% 45.95%
Operating Expenses to Revenue		 85.40% 94.11% 89.46% 86.51% 83.56% 88.31% 86.70% 83.85% 81.13% 90.09% 86.86%
Earnings before Interest and Taxes (EBIT)		 98 44 70 88 91 82 82 97 97 80 65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 287 232 256 270 272 260 258 267 266 247 229
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.20 2.01 2.18 2.19 2.13 1.99 1.82 1.97 1.78 1.64 1.88
Price to Tangible Book Value (P/TBV)		 2.26 2.06 2.24 2.25 2.19 2.04 1.87 2.02 1.83 1.68 1.92
Price to Revenue (P/Rev)		 8.07 7.48 9.65 10.01 10.09 8.30 8.35 9.60 9.16 7.53 10.33
Price to Earnings (P/E)		 44.81 43.22 49.14 46.17 39.97 38.93 46.88 58.67 57.26 44.05 43.09
Dividend Yield		 3.27% 3.53% 3.91% 3.79% 3.79% 4.00% 3.29% 2.90% 3.09% 3.19% 2.62%
Earnings Yield		 2.23% 2.31% 2.04% 2.17% 2.50% 2.57% 2.13% 1.70% 1.75% 2.27% 2.32%
Enterprise Value to Invested Capital (EV/IC)		 1.63 1.52 1.55 1.59 1.56 1.49 1.39 1.52 1.41 1.34 1.47
Enterprise Value to Revenue (EV/Rev)		 11.02 10.46 13.13 13.48 13.65 11.46 11.75 13.01 12.82 10.81 14.21
Enterprise Value to EBITDA (EV/EBITDA)		 27.92 26.63 27.81 27.95 27.69 26.54 25.27 27.14 25.59 24.96 28.47
Enterprise Value to EBIT (EV/EBIT)		 97.15 93.43 88.74 86.07 82.94 77.92 73.77 81.06 76.79 76.84 88.69
Enterprise Value to NOPAT (EV/NOPAT)		 97.15 93.43 87.41 84.83 82.94 77.92 74.69 84.24 79.86 76.84 92.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 26.12 25.33 28.36 25.88 27.73 25.18 23.02 25.60 23.03 23.64 25.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 25.23 26.48 152.67 0.00 0.00 0.00 0.00 87.56 67.18 405.25 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.83 0.84 0.91 0.85 0.84 0.84 0.83 0.76 0.76 0.75 0.75
Long-Term Debt to Equity		 0.78 0.78 0.83 0.85 0.84 0.84 0.83 0.76 0.76 0.75 0.75
Financial Leverage		 0.84 0.84 0.87 0.80 0.80 0.80 0.79 0.75 0.76 0.78 0.78
Leverage Ratio		 1.90 1.90 1.93 1.86 1.85 1.84 1.85 1.80 1.81 1.84 1.86
Compound Leverage Factor		 1.92 -0.68 1.93 1.86 1.97 1.82 1.85 1.80 1.78 1.77 1.62
Debt to Total Capital		 45.38% 45.58% 47.51% 45.91% 45.66% 45.61% 45.42% 43.03% 43.11% 42.94% 42.84%
Short-Term Debt to Total Capital		 2.63% 3.17% 3.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.74% 42.41% 43.56% 45.91% 45.66% 45.61% 45.42% 43.03% 43.11% 42.94% 42.84%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.20% 0.20% 0.19% 0.19% 0.19% 0.18% 0.18% 0.18% 0.18% 0.18% 0.17%
Common Equity to Total Capital		 54.42% 54.22% 52.30% 53.90% 54.15% 54.20% 54.40% 56.79% 56.71% 56.88% 56.99%
Debt to EBITDA		 7.76 7.97 8.52 8.07 8.09 8.14 8.24 7.69 7.80 8.01 8.29
Net Debt to EBITDA		 7.45 7.56 7.34 7.16 7.19 7.28 7.29 7.08 7.27 7.54 7.74
Long-Term Debt to EBITDA		 7.31 7.42 7.81 8.07 8.09 8.14 8.24 7.69 7.80 8.01 8.29
Debt to NOPAT		 26.98 27.97 26.78 24.49 24.23 23.89 24.34 23.87 24.35 24.67 26.81
Net Debt to NOPAT		 25.92 26.54 23.08 21.72 21.54 21.38 21.55 21.97 22.69 23.23 25.03
Long-Term Debt to NOPAT		 25.42 26.02 24.55 24.49 24.23 23.89 24.34 23.87 24.35 24.67 26.81
Noncontrolling Interest Sharing Ratio		 0.36% 0.35% 0.34% 0.33% 0.34% 0.33% 0.32% 0.37% 0.37% 0.36% 0.36%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 954 731 -74 -474 -602 -563 -635 85 157 -178 -698
Operating Cash Flow to CapEx		 517.05% 223.24% 407.64% 610.04% 501.53% 125.19% 609.21% 493.13% 574.35% 162.70% 379.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -6.71 0.00 0.00 0.00 2.01 0.00 -9.13
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 2.96 0.00 0.00 0.00 4.07 0.00 4.60
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 2.37 0.00 0.00 0.00 3.36 0.00 3.39
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.14 0.11 0.12 0.11 0.13 0.12 0.11 0.11 0.12 0.10
Fixed Asset Turnover		 0.15 0.15 0.13 0.13 0.13 0.14 0.13 0.12 0.12 0.13 0.11
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17,858 17,995 18,961 18,610 18,714 18,736 18,817 18,048 18,021 18,093 18,099
Invested Capital Turnover		 0.14 0.14 0.12 0.12 0.12 0.13 0.12 0.12 0.11 0.12 0.11
Increase / (Decrease) in Invested Capital		 -856 -742 144 562 694 644 717 12 -60 255 763
Enterprise Value (EV)		 29,174 27,403 29,399 29,600 29,250 27,879 26,224 27,401 25,478 24,202 26,626
Market Capitalization		 21,352 19,585 21,600 21,984 21,618 20,195 18,623 20,223 18,205 16,855 19,357
Book Value per Share		 $15.86 $15.93 $16.19 $16.38 $16.55 $16.60 $16.73 $16.75 $16.71 $16.83 $16.90
Tangible Book Value per Share		 $15.44 $15.51 $15.77 $15.96 $16.13 $16.17 $16.30 $16.33 $16.29 $16.41 $16.48
Total Capital		 17,858 17,995 18,961 18,610 18,714 18,736 18,817 18,048 18,021 18,093 18,099
Total Debt		 8,103 8,202 9,009 8,544 8,544 8,546 8,547 7,766 7,768 7,769 7,753
Total Long-Term Debt		 7,633 7,632 8,259 8,544 8,544 8,546 8,547 7,766 7,768 7,769 7,753
Net Debt		 7,785 7,783 7,763 7,581 7,597 7,649 7,567 7,146 7,240 7,315 7,237
Capital Expenditures (CapEx)		 58 59 77 61 53 70 69 57 55 74 93
Net Nonoperating Expense (NNE)		 -68 -155 -26 15 -51 -49 -50 -41 -24 -24 -15
Net Nonoperating Obligations (NNO)		 8,103 8,202 9,009 8,544 8,544 8,546 8,547 7,766 7,768 7,769 7,753
Total Depreciation and Amortization (D&A)		 189 188 186 181 180 178 175 170 169 168 165
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.27 $0.23 $0.16 $0.12 $0.23 $0.20 $0.22 $0.23 $0.20 $0.17 $0.13
Adjusted Weighted Average Basic Shares Outstanding		 612.78M 612.55M 612.67M 612.63M 612.22M 611.89M 612.00M 611.95M 611.59M 609.77M 610.85M
Adjusted Diluted Earnings per Share		 $0.27 $0.24 $0.15 $0.12 $0.23 $0.22 $0.21 $0.22 $0.20 $0.17 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 613.36M 613.63M 613.65M 613.82M 613.81M 613.29M 613.58M 613.32M 612.56M 611.11M 612.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 612.95M 612.69M 612.61M 612.59M 612.54M 611.96M 611.96M 611.96M 611.92M 611.41M 611.41M
Normalized Net Operating Profit after Tax (NOPAT)		 72 22 63 69 67 59 59 69 68 58 60
Normalized NOPAT Margin		 10.73% 2.96% 9.59% 10.55% 12.06% 8.40% 9.59% 11.52% 13.35% 7.19% 12.16%
Pre Tax Income Margin		 14.80% -2.12% 10.54% 13.49% 17.52% 11.56% 13.30% 16.15% 18.57% 9.55% 11.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 1.02 0.00 0.00 0.00 1.24 0.00 0.85
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 1.02 0.00 0.00 0.00 1.24 0.00 0.85
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.43 0.00 0.00 0.00 0.53 0.00 -0.37
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.43 0.00 0.00 0.00 0.53 0.00 -0.37
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 144.98% 151.36% 153.02% 138.70% 119.85% 122.48% 124.71% 134.07% 136.89% 140.08% 141.04%
Augmented Payout Ratio		 144.98% 151.36% 153.02% 138.70% 119.85% 122.48% 124.71% 134.07% 136.89% 140.08% 141.04%

Frequently Asked Questions About Invitation Homes' Financials

When does Invitation Homes's financial year end?

According to the most recent income statement we have on file, Invitation Homes' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Invitation Homes' net income changed over the last 9 years?

Invitation Homes' net income appears to be on an upward trend, with a most recent value of $455.37 million in 2024, falling from -$160.21 million in 2015. The previous period was $521.03 million in 2023. View Invitation Homes' forecast to see where analysts expect Invitation Homes to go next.

How has Invitation Homes revenue changed over the last 9 years?

Over the last 9 years, Invitation Homes' total revenue changed from $562.31 million in 2015 to $2.62 billion in 2024, a change of 365.7%.

How much debt does Invitation Homes have?

Invitation Homes' total liabilities were at $8.91 billion at the end of 2024, a 1.4% decrease from 2023, and a 14.6% increase since 2016.

How much cash does Invitation Homes have?

In the past 8 years, Invitation Homes' cash and equivalents has ranged from $92.26 million in 2019 to $700.62 million in 2023, and is currently $174.49 million as of their latest financial filing in 2024.

How has Invitation Homes' book value per share changed over the last 9 years?

Over the last 9 years, Invitation Homes' book value per share changed from 0.00 in 2015 to 15.93 in 2024, a change of 1,592.7%.


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This page (NYSE:INVH) was last updated on 5/29/2025 by MarketBeat.com Staff
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