INVITATION HOMES INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 8,380 | 46.8 |
| Stockholders' equity | 9,530 | 53.2 |
| Total capitalization | 17,910 | 100.0 |
590,623,226 shares outstanding at 29 July 2026 (cover page of the 10-Q filed 30 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 8,380 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 9,000,000,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/29/26 | 590,623,226 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.17 | 121.9 |
| 2024 | 1.41 | 190.5 |
| 2023 | 1.04 | 122.4 |
| 2022 | 0.88 | 139.7 |
| 2021 | 0.68 | 151.1 |
HISTORY AND BUSINESS
HISTORY: State of incorporation not stated in SEC records.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6510, Real Estate Operators (No Developers) & Lessors. Large accelerated filer. Principal executive office: 5420 Lbj Freeway, Suite 600, Dallas, TX 75240. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 2,729 | 2,619 | 2,432 |
| Depreciation and amortization | 747 | 714 | 674 |
| Interest expense | – | – | 333 |
| Income taxes | – | – | 0 |
| Net income | 588 | 454 | 519 |
| Earned per share, diluted ($) | 0.96 | 0.74 | 0.85 |
| Dividends per share ($) | 1.17 | 1.41 | 1.04 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 130 | 174 |
| Property, plant and equipment, net | 57 | 43 |
| Goodwill | 258 | 258 |
| Total assets | 18,680 | 18,701 |
| Total liabilities | 9,112 | 8,908 |
| Stockholders' equity | 9,530 | 9,757 |
| Total liabilities and equity | 18,680 | 18,701 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 2,729 | – | 588 | 21.5 | 0.96 | 1.17 | 1,206 | 28 | 1,178 | 18,680 | 9,112 | 8,380 | 9,530 | 6.2 | 0.88 |
| 12/31/24 | 2,619 | – | 454 | 17.3 | 0.74 | 1.41 | 1,082 | 31 | 1,051 | 18,701 | 8,908 | 8,202 | 9,757 | 4.7 | 0.84 |
| 12/31/23 | 2,432 | – | 519 | 21.4 | 0.85 | 1.04 | 1,107 | 30 | 1,077 | 19,221 | 9,031 | 8,546 | 10,156 | 5.1 | 0.84 |
| 12/31/22 | 2,238 | – | 383 | 17.1 | 0.63 | 0.88 | 1,024 | 122 | 901 | 18,537 | 8,213 | 7,769 | 10,291 | 3.7 | 0.75 |
| 12/31/21 | 1,997 | – | 261 | 13.1 | 0.45 | 0.68 | 908 | 77 | 830 | 18,538 | 8,699 | 7,999 | 9,798 | 2.7 | 0.82 |
| 12/31/20 | 1,823 | – | 196 | 10.8 | 0.35 | 0.60 | 697 | 99 | 598 | 17,506 | 8,950 | 8,032 | 8,505 | 2.3 | 0.94 |
| 12/31/19 | 1,765 | – | 145 | 8.2 | 0.27 | 0.52 | 662 | 57 | 605 | 17,393 | 9,127 | 8,467 | 8,214 | 1.8 | 1.03 |
| 12/31/18 | 1,723 | – | (5) | -0.3 | (0.01) | 0.44 | 561 | 4 | 557 | 18,063 | 9,694 | 9,250 | 8,229 | -0.1 | 1.12 |
| 12/31/17 | 1,054 | 118 | (105) | -10.0 | – | 0.22 | 263 | 4 | 259 | 18,684 | 10,034 | 9,652 | 8,498 | -1.2 | 1.14 |
| 12/31/16 | 923 | 191 | (78) | -8.5 | – | – | 256 | 4 | 252 | 9,732 | 7,775 | 5,255 | 1,957 | -4.0 | 2.68 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Invitation Homes Inc.
CIK 1687229 · EIN 90-0939055
PRINCIPAL OFFICE:
5420 Lbj Freeway, Suite 600, Dallas, TX 75240
Tel.: (972) 421-3600
INCORPORATED:
–
INDUSTRY (SEC SIC CODE):
6510 · Real Estate Operators (No Developers) & Lessors
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 19 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/19/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/22/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/19/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.