Financial Snapshot

Revenue
$2.584B
TTM
Gross Margin
59.03%
TTM
Net Earnings
$440.0M
TTM
Current Assets
$1.027B
Q3 2024
Current Liabilities
$579.4M
Q3 2024
Current Ratio
177.29%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$9.952B
Q3 2024
Cash
Q3 2024
P/E
47.26
Nov 29, 2024 EST
Free Cash Flow
$204.3M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $2.432B $2.238B $1.997B $1.823B $1.765B $1.723B $1.054B $922.6M $836.0M $658.7M
YoY Change 8.68% 12.1% 9.53% 3.29% 2.42% 63.4% 14.29% 10.35% 26.92%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $2.432B $2.238B $1.997B $1.823B $1.765B $1.723B $1.054B $922.6M $836.0M $658.7M
Cost Of Revenue $976.1M $874.3M $777.8M $739.2M $731.6M $720.9M $434.8M $390.8M $387.4M $383.2M
Gross Profit $1.456B $1.364B $1.219B $1.084B $1.033B $1.002B $619.6M $531.8M $448.6M $275.6M
Gross Profit Margin 59.87% 60.94% 61.05% 59.45% 58.54% 58.16% 58.76% 57.64% 53.66% 41.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Selling, General & Admin $82.34M $74.03M $75.82M $63.30M $69.90M $75.80M $137.9M $69.10M $79.40M $88.20M
YoY Change 11.24% -2.36% 19.77% -9.44% -7.78% -45.03% 99.57% -12.97% -9.98%
% of Gross Profit 5.65% 5.43% 6.22% 5.84% 6.77% 7.56% 22.26% 12.99% 17.7% 32.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $674.3M $638.1M $592.1M $552.5M $533.7M $560.5M $309.6M $267.7M $250.2M $215.8M
YoY Change 5.67% 7.76% 7.17% 3.52% -4.79% 81.07% 15.65% 6.97% 15.96%
% of Gross Profit 46.31% 46.79% 48.58% 50.99% 51.66% 55.94% 49.96% 50.33% 55.78% 78.3%
Operating Expenses $756.6M $712.1M $667.9M $615.8M $603.6M $636.3M $936.2M $731.8M $721.7M $303.9M
YoY Change 6.24% 6.62% 8.47% 2.02% -5.14% -32.04% 27.94% 1.4% 137.47%
Operating Profit $699.5M $651.7M $550.9M $467.9M $429.5M $365.8M $118.2M $190.8M $114.4M -$28.30M
YoY Change 7.34% 18.3% 17.74% 8.94% 17.41% 209.46% -38.04% 66.8% -504.16%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Interest Expense $333.5M $304.1M $322.7M $353.9M $367.2M $383.6M $257.0M $286.0M $273.7M -$235.8M
YoY Change 9.66% -5.75% -8.83% -3.61% -4.28% 49.28% -10.17% 4.5% -216.09%
% of Operating Profit 47.67% 46.66% 58.57% 75.64% 85.49% 104.86% 217.39% 149.94% 239.33%
Other Income/Expense, Net -$2.435M -$11.26M -$5.835M -$86.00K $5.120M $6.958M -$257.9M -$287.6M -$276.9M -$600.0K
YoY Change -78.38% 92.99% 6684.88% -101.68% -26.42% -102.7% -10.32% 3.88% 46042.83%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Pretax Income $521.0M $384.8M $262.8M $197.4M $147.1M -$5.000M -$105.8M -$78.20M -$160.2M -$269.9M
YoY Change 35.4% 46.44% 33.12% 34.19% -3042.0% -95.27% 35.29% -51.19% -40.64%
Income Tax $253.0K $150.0K $551.0K $870.0K $2.490M $1.241M
% Of Pretax Income 0.05% 0.04% 0.21% 0.44% 1.69%
Net Earnings $519.5M $383.3M $261.4M $196.2M $145.5M -$4.927M -$105.3M -$78.24M -$160.2M -$269.9M
YoY Change 35.52% 46.63% 33.24% 34.89% -3052.36% -95.32% 34.63% -51.16% -40.64%
Net Earnings / Revenue 21.36% 17.13% 13.09% 10.76% 8.24% -0.29% -9.99% -8.48% -19.16% -40.97%
Basic Earnings Per Share $0.85 $0.63 $0.45 $0.35 $0.27 -$0.01
Diluted Earnings Per Share $0.85 $0.63 $0.45 $0.35 $0.27 -$0.01 -$310.3K -$251.9K -$530.3K -$893.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Cash & Short-Term Investments $700.6M $262.9M $610.2M $213.0M $92.00M $145.0M $180.0M $198.0M $275.0M $286.0M
YoY Change 166.53% -56.92% 186.46% 131.52% -36.55% -19.44% -9.09% -28.0% -3.85%
Cash & Equivalents $700.6M $262.9M $610.2M $213.0M $92.00M $145.0M $180.0M $198.0M $275.0M $286.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $60.81M $54.09M $37.47M $35.00M $25.00M $33.00M $25.00M $12.00M $9.000M $6.000M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $761.4M $317.0M $647.6M $248.0M $117.0M $178.0M $205.0M $210.0M $284.0M $292.0M
YoY Change 140.23% -51.06% 161.14% 111.97% -34.27% -13.17% -2.38% -26.06% -2.74%
Property, Plant & Equipment $17.33B $17.07B $16.97B $16.32B $16.27B $16.70B $17.33B $9.009B $9.060B $8.498B
YoY Change 1.54% 0.6% 3.98% 0.33% -2.58% -3.64% 92.35% -0.56% 6.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $389.6M $390.0M $303.9M $362.0M $372.0M $423.0M $538.0M $209.0M $193.0M $74.00M
YoY Change -0.09% 28.32% -16.05% -2.69% -12.06% -21.38% 157.42% 8.29% 160.81%
Other Assets $386.0M $366.4M $347.0M $306.0M $354.0M $413.0M $341.0M $298.0M $256.0M $328.0M
YoY Change 5.33% 5.59% 13.41% -13.56% -14.29% 21.11% 14.43% 16.41% -21.95%
Total Long-Term Assets $18.46B $18.22B $17.89B $17.26B $17.28B $17.89B $18.48B $9.522B $9.513B $8.908B
YoY Change 1.32% 1.84% 3.66% -0.1% -3.41% -3.21% 94.07% 0.09% 6.79%
Total Assets $19.22B $18.54B $18.54B $17.51B $17.39B $18.06B $18.68B $9.732B $9.797B $9.200B
YoY Change
Accounts Payable $200.6M $198.4M $193.6M $149.0M $186.0M $170.0M $193.0M $88.00M $83.00M $92.00M
YoY Change 1.09% 2.47% 29.96% -19.89% 9.41% -11.92% 119.32% 6.02% -9.78%
Accrued Expenses $11.10M $14.93M $13.26M $16.00M $14.00M
YoY Change -25.65% 12.59% -17.15% 14.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.706M $2.603M $2.776M $3.000M $1.000M
YoY Change -34.46% -6.23% -7.47% 200.0%
Total Short-Term Liabilities $393.8M $391.5M $374.8M $326.0M $349.0M $319.0M $340.0M $175.0M $164.0M $163.0M
YoY Change 0.6% 4.45% 14.98% -6.59% 9.4% -6.18% 94.29% 6.71% 0.61%
Long-Term Debt $8.548B $7.770B $8.002B $8.037B $8.468B $9.250B $9.652B $7.570B $7.726B $6.565B
YoY Change 10.02% -2.9% -0.44% -5.09% -8.45% -4.16% 27.5% -2.02% 17.68%
Other Long-Term Liabilities $88.54M $51.62M $322.5M $587.0M $310.0M $126.0M $42.00M $30.00M $20.00M $15.00M
YoY Change 71.54% -84.0% -45.05% 89.35% 146.03% 200.0% 40.0% 50.0% 33.33%
Total Long-Term Liabilities $8.637B $7.822B $8.324B $8.624B $8.778B $9.376B $9.694B $7.600B $7.746B $6.580B
YoY Change 10.42% -6.04% -3.48% -1.75% -6.38% -3.28% 27.55% -1.88% 17.72%
Total Liabilities $9.065B $8.245B $8.740B $9.001B $9.178B $9.834B $10.19B $7.775B $7.910B $6.743B
YoY Change 9.94% -5.66% -2.9% -1.93% -6.67% -3.46% 31.01% -1.71% 17.31%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Basic Shares Outstanding 611.9M shares 609.8M shares 577.7M shares 554.0M shares 531.2M shares 520.4M shares
Diluted Shares Outstanding 613.3M shares 611.1M shares 579.2M shares 555.5M shares 532.5M shares 520.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $20.792 Billion

About Invitation Homes Inc.

Invitation Homes, Inc. engages in the acquisition, renovation, leasing, and operation of single-family homes as rental properties, including single-family homes in planned unit developments. The company is headquartered in Dallas, Texas and currently employs 1,555 full-time employees. The company went IPO on 2017-02-01. INVH LP is engaged in owning, renovating, leasing, and operating single-family residential properties. Through THR Property Management L.P., a subsidiary of INVH LP, and its wholly owned subsidiaries (collectively, the Manager), it provides all management and other administrative services. The Manager provides professional property and asset management services to portfolio owners of single-family homes for lease. The company has a vertically integrated operating platform that enables the Company to acquire, renovate, lease, maintain, and manage both the homes it owns and those it manages on behalf of others. Its business activity includes property operations, marketing and leasing, digital marketing initiatives and branding, resident relations and property maintenance, and investment and asset management. The company has approximately 85,000 homes for lease.

Industry: Real Estate Operators (No Developers) & Lessors Peers: American Homes 4 Rent AVALONBAY COMMUNITIES INC CAMDEN PROPERTY TRUST EQUITY LIFESTYLE PROPERTIES INC EQUITY RESIDENTIAL ESSEX PROPERTY TRUST, INC. MID AMERICA APARTMENT COMMUNITIES INC. SUN COMMUNITIES INC UDR, Inc.