Invitation Homes Inc.INVH
What Invitation Homes Inc. does.
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes in sought-after neighborhoods across the United States. As of December 31, 2025, we wholly own 86,192 homes for lease, jointly own 8,006 homes for lease, and provide professional third-party property and asset management services for an additional 15,866 homes, all of which are primarily located in 16 core markets across the country. These homes help meet the needs of a growing share of Americans who count on the ease, flexibility, and savings of leasing. We provide our residents access to updated homes with features they value, as well as close proximity to jobs and good schools. The continued demand for our product proves that the choice and flexibility we offer are attractive to many people.
We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential, primarily in the Western United States, Florida, and the Southeast United States. Through disciplined market and asset selection, as well as through strategic mergers and acquisitions, we designed our wholly and jointly owned portfolios to capture the operating benefits of local density as well as economies of scale that we believe cannot be readily replicated. Since our founding in 2012, we have built a proven, vertically integrated operating platform that enables us to effectively and efficiently acquire, renovate, lease, maintain, and manage both the homes we own and those we manage on behalf of others.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.2B | $2.4B | $2.6B | $2.7B |
| Net income | $196.2M | $261.4M | $383.3M | $519.5M | $453.9M | $587.9M |
| Free cash flow | $597.9M | $830.3M | $901.2M | $1.1B | $1.1B | $1.2B |
More on INVH.
- Invitation Homes Inc. summary
- Invitation Homes Inc. financial statements
- Invitation Homes Inc. key metrics
- Invitation Homes Inc. health scores and style box
- Invitation Homes Inc. earnings
- Invitation Homes Inc. dividends
- Invitation Homes Inc. valuation
- Invitation Homes Inc. ownership and insiders
- Invitation Homes Inc. peers
Figures from Invitation Homes Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.