Invitation Homes Inc

Invitation Homes Inc

INVH

Market Cap$20.66B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Invitation Homes IncInvitation Homes Inc43.33.38%5%8.4-

Earnings Call Q1 2025

May 1, 2025 - AI Summary

Solid Performance Metrics: Invitation Homes reported a strong first quarter with a 3.6% blended rent growth, 97.2% average occupancy, and a 3.7% year-over-year increase in Net Operating Income (NOI). Core Funds From Operations (FFO) per share grew by 3.5% year-over-year, while Adjusted FFO (AFFO) grew by 4%. These metrics illustrate resilience in the single-family rental (SFR) market despite economic volatility.
Positive Rental and Occupancy Trends: For the month of April, blended rent growth increased to 4%, with renewal rent growth at 4.5% and average occupancy rising to 97.4%. This indicates strong demand in the SFR sector, with residents showing a tendency to renew leases due to favorable living conditions and economic uncertainties in homeownership.
Home Acquisition Strategy: The company acquired 577 homes for around $194 million, predominantly newly built, while disposing of 454 homes to first-time homeowners. This capital recycling approach ensures continuous portfolio growth and minimizes risks associated with on-balance sheet development. The strategy aims for a 6% average yield on cost.

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$35.00

Target Price by Analysts

4% upsideInvitation Homes Target Price DetailsTarget Price
$51.59

Current Fair Value

53.2% upside

Undervalued by 53.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.66 Billion
Enterprise Value$20.57 Billion
Dividend Yield$1.14 (3.38278931750742%)
Earnings per Share$0.74
Beta0.86
Outstanding Shares612,777,606

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio43.26
PEG263.25
Price to Sales8.42
Price to Book Ratio2.24
Enterprise Value to Revenue7.71
Enterprise Value to EBIT16.56
Enterprise Value to Net Income43
Total Debt to Enterprise0
Debt to Equity0

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Invitation Homes Inc