Invitation Homes Inc. (INVH) Fair Value & Analysis
Real Estate · US · Market cap $16.9B · ISIN US46187W1071
What is Invitation Homes Inc. really worth?
Invitation Homes Inc.
INVH · US
A solid business, but trading 79% above our fair value of $15.91.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 14 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from $16.82 to $15.91 (−5.4%) since Jul 26, 2026. Share price −6.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($20.41). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $24.10 – $39.14 · fair‑value band $12.62 – $20.41 · the $28.45 price screens above the $15.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Invitation Homes Inc. (INVH) currently trades at $28.45, while our model-based Fair Value estimate is $15.91, implying the stock looks roughly 78.8% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of $20.92 per share, and 2 of the 14 models we run sit above the $28.45 price. Bear case: the Growth DCF group reads lowest at $8.89, and 12 of the 14 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Invitation Homes Inc. generated revenue of $2.8B at a net margin of 21.0%. Revenue grew 9.2% year over year. It earns a return on equity of 6.2%. Net debt stands at $8.3B. Fundamentals as of Aug 13, 2026
Our scenario range runs from $12.62 (bear case) to $20.41 (bull case); at $28.45, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −39% fair-value upside, at −44%, INVH screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: DCF Models ($20.92) versus Growth DCF ($8.89). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 54
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. The portfolio of homes we own average approximately 1,880 square feet with three to four bedrooms and two bathrooms, appealing to a resident base that we believe is less transitory than a typical multifamily resident. We invest in the upfront renovation of homes in our portfolio in order to address capital needs, reduce ongoing maintenance costs, and drive resident demand Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Invitation Homes Inc. reported revenue of $2.7B in FY2025 versus $2.0B in FY2021, a compound +8.1%/yr. Reported net income was $588M in FY2025, compounding +22.5%/yr from FY2021.
INVH screens 79% overvalued. Compare with EQR →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Invitation Homes Announces Release of 2025 Impact Report
- Why Is Invitation Home (INVH) Down 1.5% Since Last Earnings Report?
- Invitation Homes Names Chief Technology Officer
- Invitation Homes Names Executive Vice Presidents
Peer Group
REIT - Residential · 45 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Residential median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| EQR EQR | $66.79 | $36.19 | −46% |
| Essex Property Trust, Inc ESS | $284.03 | $177.90 | −37% |
| Mid-America Apartment Communities, Inc MAA | $129.36 | $65.28 | −50% |
| Sun Communities, Inc SUI | $118.34 | $121.64 | +3% |
| UDR, Inc UDR | $37.51 | $19.76 | −47% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $34.56 | $21.07 | −39% |
| Equity LifeStyle Properties, Inc ELS | $65.44 | $20.93 | −68% |
| Camden Property Trust, an S&P 500 Company CPT | $105.96 | $41.51 | −61% |
| Millrose Properties, Inc MRP | $31.72 | $41.87 | +32% |
| Canadian Apartment Properties Real Estate Investment Trust CARUN | C$33.70 | C$21.86 | −35% |
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