Invitation Homes (INVH)
NYSEReal EstateReit - ResidentialSnapshot 2026-07-07
$30.19+0.57%
Close 2026-07-07 · 1-day change
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Track INVH free→Invitation Homes leads in single-family home rentals. Revenue grew 8.8% year over year. They repurchased $500 million in shares and started a new program. The company keeps its 2026 outlook and buys new homes to grow.
Rising costs or weaker demand could slow revenue growth below 3%. Share buybacks may stop if cash flow weakens. New home acquisitions might not grow as planned.
The price is about 4% below our fair value near $31. Analysts expect 3% revenue growth, which is lower than our 8.8% recent growth view.
Breaks if: No new share repurchase program authorized or completed in FY26
Invitation Homes has authorized a new $500 million share repurchase program following the completion of the previous one.
Stated in 2 of last 2 quarters. The company completed a $500 million share repurchase program by 2026-Q1 and authorized a new $500 million program. This indicates a strong commitment to capital allocation through share repurchases, with the trajectory delivering as planned.
Breaks if: New home acquisitions fall below 200 homes per quarter
Invitation Homes continues to focus on expanding housing supply through strategic acquisitions and partnerships.
Stated in 2 of last 2 quarters. Acquired 368 newly-constructed homes for $123 million in Q4 2025, highlighting continued focus on supporting new housing supply. The acquisitions are part of a broader strategy to expand housing supply, with limited progress in the most recent quarter.
Breaks if: YoY revenue growth falls below 3% next year
Invitation Homes continues to focus on expanding housing supply through strategic acquisitions and partnerships.
Stated in 2 of last 2 quarters. Acquired 368 newly-constructed homes for $123 million in Q4 2025, highlighting continued focus on supporting new housing supply. The acquisitions are part of a broader strategy to expand housing supply, with limited progress in the most recent quarter.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Our board of directors has just approved a new $500 million stock repurchase authorization.”
“We repurchased a total of 19,333,731 shares at an average price of $25.86 per share for an aggregate of approximately $500 million.”
“During Q4 2025, all 368 of our wholly owned acquisitions were newly-constructed homes purchased from various homebuilders.”
“Almost all of our 2,410 wholly owned acquisitions totaling $812 million were bought through our homebuilder relationships.”
“During Q4 2025, all 368 of our wholly owned acquisitions were newly-constructed homes purchased from various homebuilders.”
“Almost all of our 2,410 wholly owned acquisitions totaling $812 million were bought through our homebuilder relationships.”
Invitation Homes is committed to maintaining its full-year 2026 financial outlook as previously disclosed.
Stated in 2 of last 2 quarters. Revenue grew from $685 million in 2025-Q4 to $734 million in 2026-Q1, indicating progress towards maintaining the full-year 2026 outlook. The trajectory is delivering as management continues to affirm this priority.
“We are maintaining our previously disclosed full year 2026 outlook as detailed further below.”
“We are maintaining our previously disclosed full year 2026 outlook.”