Financial Ratios Invitation Homes Inc.

Equities

INVH

US46187W1071

Residential REITs

Market Closed - Nyse Other stock markets 04:00:02 2025-12-05 pm EST			5-day change	1st Jan Change
27.14 ^USD	-0.88%		-3.76%	-15.11%

Nov. 25	Barclays Adjusts Price Target on Invitation Homes to $34 From $37, Maintains Overweight Rating	MT
Nov. 21	Bridger Aerospace Group Holdings, Inc. Announces Management Changes	CI

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Published financial data: INVITATION HOMES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	1.82B	1.99B	2.23B	2.42B	2.55B
Property Management Fee	-	4.89M	11.48M	13.65M	69.98M
Other Revenues, Total	-	-1.55M	-9.61M	-17.88M	-28.44M
Total Revenues	1.82B	2B	2.23B	2.41B	2.59B
Property Expenses	739M	778M	874M	976M	1.07B
Selling General & Admin Expenses, Total	63.3M	74.76M	73.71M	81.37M	89.98M
Depreciation & Amortization - (IS) - (Collected)	553M	592M	638M	674M	714M
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	1.35B	1.44B	1.59B	1.73B	1.88B
Operating Income (REIT / Utility Template)	468M	550M	642M	683M	713M
Interest Expense, Total	-354M	-323M	-304M	-333M	-366M
Net Interest Expenses	-354M	-323M	-304M	-333M	-366M
Income (Loss) on Equity Invest.	599K	-	-	-	-
Other Non Operating Income (Expenses)	1.06M	-5.84M	-11.16M	-2.4M	-53.75M
EBT, Excl. Unusual Items	116M	222M	327M	347M	294M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Investments	29.72M	-9.42M	-3.94M	350K	1.05M
Gain (Loss) on Sale of Assets	54.59M	60.01M	90.7M	184M	245M
Asset Writedown	-6.33M	-650K	-310K	-427K	-506K
Insurance Settlements	3.88M	-	-	-	-
Other Unusual Items	-	-9.08M	-28.8M	-9.18M	-83.34M
EBT, Incl. Unusual Items	197M	263M	385M	521M	455M
Earnings From Continuing Operations	197M	263M	385M	521M	455M
Net Income to Company	197M	263M	385M	521M	455M
Minority Interest	-1.24M	-1.35M	-1.47M	-1.56M	-1.45M
Net Income - (IS)	196M	261M	383M	519M	454M
Preferred Dividend and Other Adjustments	448K	327K	661K	696K	753K
Net Income to Common Incl Extra Items	196M	261M	383M	519M	453M
Net Income to Common Excl. Extra Items	196M	261M	383M	519M	453M
Per Share Items
Net EPS - Basic	0.35	0.45	0.63	0.85	0.74
Basic EPS - Continuing Operations	0.35	0.45	0.63	0.85	0.74
Basic Weighted Average Shares Outstanding	554M	578M	610M	612M	613M
Net EPS - Diluted	0.35	0.45	0.63	0.85	0.74
Diluted EPS - Continuing Operations	0.35	0.45	0.63	0.85	0.74
Diluted Weighted Average Shares Outstanding	555M	579M	611M	613M	614M
Normalized Basic EPS	0.13	0.24	0.33	0.35	0.3
Normalized Diluted EPS	0.13	0.24	0.33	0.35	0.3
Dividend Per Share	0.62	0.73	0.92	1.06	1.13
Payout Ratio	169.28	150.64	140.62	122.84	151.84
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	1.02B	1.14B	1.28B	1.36B	1.43B
EBITA	468M	550M	642M	683M	713M
EBIT	468M	550M	642M	683M	713M
EBITDAR	1.04B	1.16B	1.29B	1.36B	1.43B
Total Revenues (As Reported)	-	2B	2.24B	2.43B	2.62B
Normalized Net Income	71M	137M	203M	215M	182M
Interest on Long-Term Debt	17.64M	14.64M	482K	375K	581K
Supplemental Operating Expense Items
General and Administrative Expenses	63.3M	74.76M	73.71M	81.37M	89.98M
Net Rental Expense, Total	17.21M	15.96M	4.78M	4.83M	5.8M
Imputed Operating Lease Interest Expense	5.62M	4.88M	1.45M	1.58M	2.02M
Imputed Operating Lease Depreciation	11.6M	11.08M	3.33M	3.26M	3.78M
Stock-Based Comp., COGS (Total)	3.51M	5.43M	6.49M	6.96M	5.83M
Stock-Based Comp., G&A Exp. (Total)	13.58M	21.74M	22.47M	22.54M	22.09M
Total Stock-Based Compensation	17.09M	27.17M	28.96M	29.5M	27.92M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	18.83B	20.04B	20.74B	21.6B	22.15B
Accumulated Depreciation	-2.51B	-3.07B	-3.67B	-4.26B	-4.87B
Net Property Plant And Equipment	16.32B	16.97B	17.07B	17.33B	17.28B
Total Real Estate Assets	16.32B	16.97B	17.07B	17.33B	17.28B
Cash And Equivalents	213M	610M	263M	701M	174M
Accounts Receivable, Total	35.26M	37.47M	54.09M	60.81M	61.24M
Investment In Debt and Equity Securities	292M	174M	109M	142M	115M
Goodwill	258M	258M	258M	258M	258M
Other Intangibles, Total	-	-	-	-	-
Restricted Cash	198M	209M	191M	197M	245M
Other Current Assets, Total	88.36M	124M	170M	186M	193M
Trading Asset Securities, Total	1K	6K	119M	75.49M	61.48M
Deferred Charges Long-Term	19.27M	14.59M	5.85M	2.97M	23.58M
Other Long-Term Assets, Total	80.54M	143M	295M	263M	285M
Total Assets	17.51B	18.54B	18.54B	19.22B	18.7B
Liabilities
Current Portion of Long-Term Debt	540M	413M	661M	643M	-
Current Portion of Leases	8.28M	7.36M	7.13M	6.25M	7.55M
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	8.03B	7.86B	7.11B	7.9B	8.2B
Long-Term Leases	16.1M	11.68M	11.28M	8.64M	22.99M
Accounts Payable, Total	149M	194M	178M	201M	211M
Accrued Expenses, Total	-	-	20.2M	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	36.4M
Other Non Current Liabilities	205M	217M	227M	269M	428M
Total Liabilities	8.95B	8.7B	8.21B	9.03B	8.91B
Common Stock, Total	5.67M	6.01M	6.11M	6.12M	6.13M
Additional Paid In Capital	9.71B	10.87B	11.14B	11.16B	11.17B
Retained Earnings	-661M	-795M	-951M	-1.07B	-1.48B
Comprehensive Income and Other	-547M	-287M	97.98M	63.7M	60.97M
Total Common Equity	8.5B	9.8B	10.29B	10.16B	9.76B
Minority Interest	51.25M	41.06M	32.29M	34.46M	35.74M
Total Equity	8.56B	9.84B	10.32B	10.19B	9.79B
Total Liabilities And Equity	17.51B	18.54B	18.54B	19.22B	18.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	567M	608M	611M	612M	613M
ECS Total Common Shares Outstanding	567M	601M	611M	612M	613M
Book Value / Share	15	16.3	16.83	16.6	15.93
Tangible Book Value	8.25B	9.54B	10.03B	9.9B	9.5B
Tangible Book Value Per Share	14.54	15.87	16.41	16.17	15.51
Total Debt	8.6B	8.29B	7.79B	8.56B	8.23B
Net Debt	8.38B	7.68B	7.41B	7.78B	8B
Debt Equivalent Oper. Leases	138M	128M	38.26M	38.66M	46.39M
Minority Interest, Total (Incl. Fin. Div)	51.25M	41.06M	32.29M	34.46M	35.74M
Equity Method Investments, Total	69.27M	130M	281M	247M	242M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	4.54B	4.74B	4.8B	4.88B	4.9B
Buildings, Total	13.63B	14.61B	15.23B	15.98B	17.18B
Machinery, Total	115M	120M	123M	128M	-
Full Time Employees	1.15K	1.24K	1.51K	1.56K	1.75K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	196M	261M	383M	519M	454M
Depreciation, Depletion & Amortization	553M	592M	638M	674M	714M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	553M	592M	638M	674M	714M
Amortization of Deferred Charges, Total	43.02M	30.12M	16.67M	18.2M	21.36M
(Gain) Loss On Sale of Asset - (CF)	-54.59M	-60.01M	-90.7M	-184M	-245M
(Gain) Loss on Sale of Investments - (CF)	-29.72M	9.42M	3.94M	-350K	-1.05M
Total Asset Writedown	4.58M	650K	310K	427K	506K
(Income) Loss On Equity Investments - (CF)	-	1.98M	11.43M	20.62M	31.06M
Stock-Based Compensation (CF)	17.09M	27.17M	28.96M	29.5M	27.92M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Payable	-27.04M	32.89M	-5.99M	24.38M	46.5M
Change in Other Net Operating Assets (Collected)	-19.01M	-8.13M	-4.4M	-12.41M	-25.61M
Other Operating Activities	13.65M	20.01M	41.92M	16.5M	57.42M
Cash from Operations	697M	908M	1.02B	1.11B	1.08B
Acquisition of Real Estate Assets, Total	-893M	-1.43B	-931M	-1.22B	-988M
Sale of Real Estate Assets, Total	415M	232M	240M	494M	585M
Net Sale / Acquisition of Real Estate Assets	-478M	-1.2B	-691M	-727M	-403M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	55.76M	56.81M	-85.3M	-19.93M	1.98M
Other Investing Activities, Total	-3.09M	-20.84M	-38.54M	-27.06M	-65.09M
Cash from Investing	-425M	-1.16B	-814M	-774M	-466M
Short Term Debt Issued, Total	-	400M	130M	150M	-
Long-Term Debt Issued, Total	2.82B	1.94B	1.32B	790M	2.99B
Total Debt Issued	2.82B	2.34B	1.45B	940M	2.99B
Short Term Debt Repaid, Total	-	-400M	-130M	-150M	-
Long-Term Debt Repaid, Total	-3.25B	-1.77B	-1.41B	-20.72M	-3.33B
Total Debt Repaid	-3.25B	-2.17B	-1.54B	-171M	-3.33B
Issuance of Common Stock	687M	934M	98.37M	-	-
Repurchase of Common Stock	-4.43M	-9.41M	-12.87M	-8.15M	-10.89M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-332M	-394M	-539M	-638M	-689M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-332M	-394M	-539M	-638M	-689M
Other Financing Activities, Total	-61.45M	-42.75M	-31.76M	-13.12M	-62.11M
Cash from Financing	-146M	659M	-574M	110M	-1.09B
Net Change in Cash	126M	407M	-365M	444M	-478M
Supplemental Items
Cash Interest Paid	313M	286M	276M	291M	321M
Cash Income Tax Paid (Refund)	1.28M	809K	1.53M	245K	158K
Net Debt Issued / Repaid	-435M	171M	-88.82M	769M	-331M
Levered Free Cash Flow	694M	788M	855M	913M	972M
Unlevered Free Cash Flow	884M	970M	1.03B	1.1B	1.18B
Change In Net Working Capital	-10.44M	3.62M	39.96M	26.96M	8.79M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.68	1.91	2.17	2.26	2.35
Return on Total Capital	1.71	1.95	2.22	2.31	2.42
Return On Equity %	2.35	2.86	3.82	5.08	4.56
Return on Common Equity	2.34	2.85	3.81	5.07	4.55
Margin Analysis
Gross Profit Margin %	59.45	61.02	60.77	59.57	58.59
SG&A Margin	3.47	3.75	3.31	3.37	3.47
EBITDA Margin %	55.98	57.27	57.46	56.2	55.12
EBITA Margin %	25.67	27.59	28.83	28.27	27.54
EBIT Margin %	25.67	27.59	28.83	28.27	27.54
Income From Continuing Operations Margin %	10.83	13.17	17.27	21.58	17.58
Net Income Margin %	10.76	13.1	17.2	21.52	17.52
Net Avail. For Common Margin %	10.74	13.09	17.17	21.49	17.49
Normalized Net Income Margin	3.9	6.88	9.11	8.91	7.03
Levered Free Cash Flow Margin	38.09	39.5	38.38	37.82	37.52
Unlevered Free Cash Flow Margin	48.51	48.64	46.16	45.7	45.53
Asset Turnover
Asset Turnover	0.1	0.11	0.12	0.13	0.14
Fixed Assets Turnover	0.11	0.12	0.13	0.14	0.15
Receivables Turnover (Average Receivables)	60.26	54.91	48.89	42.34	42.92
Short Term Liquidity
Current Ratio	0.77	1.6	0.92	1.44	2.88
Quick Ratio	0.36	1.06	0.5	0.98	1.16
Operating Cash Flow to Current Liabilities	1	1.48	1.18	1.3	4.24
Days Sales Outstanding (Average Receivables)	6.07	6.65	7.47	8.62	8.53
Average Days Payable Outstanding	83.04	80.47	77.62	74.6	70.26
Long Term Solvency
Total Debt/Equity	100.46	84.25	75.43	84.01	84.07
Total Debt / Total Capital	50.11	45.72	43	45.66	45.67
LT Debt/Equity	94.06	79.98	68.96	77.64	84
Long-Term Debt / Total Capital	46.92	43.41	39.31	42.19	45.63
Total Liabilities / Total Assets	51.13	46.93	44.31	46.98	47.64
EBIT / Interest Expense	1.32	1.71	2.11	2.05	1.95
EBITDA / Interest Expense	2.93	3.59	4.23	4.08	3.92
(EBITDA - Capex) / Interest Expense	2.93	3.59	4.23	4.08	3.92
Total Debt / EBITDA	8.28	7.15	6.06	6.29	5.74
Net Debt / EBITDA	8.08	6.63	5.76	5.72	5.58
Total Debt / (EBITDA - Capex)	8.28	7.15	6.06	6.29	5.74
Net Debt / (EBITDA - Capex)	8.08	6.63	5.76	5.72	5.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.29	9.45	11.7	8.34	7.29
Gross Profit, 1 Yr. Growth %	4.9	12.33	11.25	6.2	5.53
EBITDA, 1 Yr. Growth %	5.94	11.91	12.08	5.96	5.22
EBITA, 1 Yr. Growth %	8.94	17.5	16.71	6.26	4.52
EBIT, 1 Yr. Growth %	8.94	17.5	16.71	6.26	4.52
Earnings From Cont. Operations, 1 Yr. Growth %	34.22	33.09	46.44	35.4	-12.6
Net Income, 1 Yr. Growth %	34.89	33.24	46.63	35.52	-12.62
Diluted EPS Before Extra, 1 Yr. Growth %	29.63	28.57	39.46	35.1	-12.74
Normalized Net Income, 1 Yr. Growth %	75.45	92.43	47.8	5.99	-15.38
Net Property, Plant and Equip., 1 Yr. Growth %	0.33	3.97	0.6	1.54	-0.29
Accounts Receivable, 1 Yr. Growth %	39.66	6.29	44.35	12.42	0.7
Total Assets, 1 Yr. Growth %	0.65	5.89	-0.01	3.69	-2.71
Common Equity, 1 Yr. Growth %	3.54	15.2	5.04	-1.32	-3.93
Tangible Book Value, 1 Yr. Growth %	3.65	15.68	5.17	-1.35	-4.03
Cash From Operations, 1 Yr. Growth %	5.22	30.28	12.77	8.16	-2.28
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-4.83	13.46	10.01	6.78	6.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-3.09	9.71	7.18	7.28	6.88
Dividend Per Share, 1 Yr. Growth %	14.81	17.74	26.03	15.22	6.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.86	6.33	10.57	10.01	7.82
Gross Profit, 2 Yr. CAGR %	3.99	8.55	11.79	8.7	5.86
EBITDA, 2 Yr. CAGR %	5.3	8.44	11.99	8.98	5.59
EBITA, 2 Yr. CAGR %	8.53	12.11	17.11	11.36	5.38
EBIT, 2 Yr. CAGR %	14.05	12.11	17.11	11.36	5.38
Earnings From Cont. Operations, 2 Yr. CAGR %	527.59	33.65	39.6	40.81	8.78
Net Income, 2 Yr. CAGR %	531.06	34.06	39.77	40.96	8.82
Diluted EPS Before Extra, 2 Yr. CAGR %	463.1	29.1	33.9	37.26	8.57
Normalized Net Income, 2 Yr. CAGR %	159.7	73.25	68.64	25.16	-5.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.14	2.14	2.27	1.07	0.62
Accounts Receivable, 2 Yr. CAGR %	3.18	21.84	23.86	27.39	6.4
Total Assets, 2 Yr. CAGR %	-1.55	3.24	2.9	1.83	0.44
Common Equity, 2 Yr. CAGR %	1.66	9.21	10	1.81	-2.63
Tangible Book Value, 2 Yr. CAGR %	1.71	9.5	10.3	1.86	-2.7
Cash From Operations, 2 Yr. CAGR %	11.42	17.08	21.21	10.44	2.8
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	15.77	3.56	11.91	8.39	6.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.71	2.83	8.56	7.23	7.08
Dividend Per Share, 2 Yr. CAGR %	16.1	16.27	21.81	20.5	10.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.02	5.01	8.09	9.82	9.1
Gross Profit, 3 Yr. CAGR %	20.48	6.7	9.44	9.9	7.63
EBITDA, 3 Yr. CAGR %	26.71	7.48	9.64	9.95	7.71
EBITA, 3 Yr. CAGR %	32.69	11.49	13.63	13.37	9.03
EBIT, 3 Yr. CAGR %	34.56	15.24	13.63	13.37	9.03
Earnings From Cont. Operations, 3 Yr. CAGR %	23.11	274.25	37.78	38.19	20.11
Net Income, 3 Yr. CAGR %	23.04	275.77	38.13	38.34	20.19
Diluted EPS Before Extra, 3 Yr. CAGR %	10.07	244.17	32.46	34.3	18.02
Normalized Net Income, 3 Yr. CAGR %	20.38	135.42	64.31	44.46	9.85
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.98	0.54	1.62	2.03	0.61
Accounts Receivable, 3 Yr. CAGR %	12.86	4.21	28.92	19.93	17.79
Total Assets, 3 Yr. CAGR %	-2.15	0.87	2.15	3.16	0.29
Common Equity, 3 Yr. CAGR %	0.03	5.99	7.8	6.09	-0.14
Tangible Book Value, 3 Yr. CAGR %	0.18	6.17	8.04	6.27	-0.14
Cash From Operations, 3 Yr. CAGR %	38.37	17.38	15.63	16.69	6.03
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	16.43	15.02	5.19	10.17	7.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.3	10.39	3.88	8.13	7.11
Dividend Per Share, 3 Yr. CAGR %	23.39	16.64	19.43	19.57	15.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.87	16.68	16.14	6.98	7.98
Gross Profit, 5 Yr. CAGR %	19.29	18.01	16.93	7.49	8
EBITDA, 5 Yr. CAGR %	22.55	19.16	20.62	8.08	8
EBITA, 5 Yr. CAGR %	31.37	21.49	26.26	11.44	10.25
EBIT, 5 Yr. CAGR %	31.5	21.49	27.32	13.67	10.25
Earnings From Cont. Operations, 5 Yr. CAGR %	4.27	27.42	29.46	153.14	25.36
Net Income, 5 Yr. CAGR %	4.14	27.29	29.48	153.86	25.56
Diluted EPS Before Extra, 5 Yr. CAGR %	-	12.29	19.05	138.28	22.33
Normalized Net Income, 5 Yr. CAGR %	-6.34	22.52	37.9	82.85	31.81
Net Property, Plant and Equip., 5 Yr. CAGR %	12.49	13.5	-0.3	0.75	1.22
Accounts Receivable, 5 Yr. CAGR %	31.86	26.42	17.14	12.92	19.39
Total Assets, 5 Yr. CAGR %	12.31	13.75	-0.16	1.25	1.46
Common Equity, 5 Yr. CAGR %	35.14	38	3.9	4.3	3.5
Tangible Book Value, 5 Yr. CAGR %	34.31	37.27	4.11	4.43	3.61
Cash From Operations, 5 Yr. CAGR %	28.68	28.8	31.23	14.55	10.32
Levered Free Cash Flow, 5 Yr. CAGR %	15.21	28.01	14.22	12.01	5.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.81	22.12	12.27	8.87	5.14
Dividend Per Share, 5 Yr. CAGR %	-	-	22.76	18.17	15.91