Invitation Homes Inc.
invitationhomes.comWhat Do They Do?
Leases single-family homes to residents and manages homes for joint-venture partners and other rental-home owners.
10-K for FY2025, filed Feb 19, 2026
How Do They Make Money?
Residents pay rent under leases typically lasting one to two years, with extra charges for utilities and other fees; portfolio owners pay management fees for services such as maintenance, marketing, and asset management.
10-K for FY2025, filed Feb 19, 2026Rental revenues and other property income, net of any concessions and uncollectible amounts, consists primarily of rents collected under…View ↗
Variable lease payments consist of resident reimbursements for utilities and various other fees, including late fees and lease termination…View ↗
Management fee revenues consist of fees from property and asset management services provided to portfolio owners of single-family homes for…View ↗
$2.7B
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10-K for FY2025, filed Feb 19, 2026
$2.7B ↗
Who Are Their Customers?
Residents lease homes directly from Invitation Homes; owners of single-family rental portfolios, including joint ventures and other third parties, buy property and asset management services.
10-K for FY2025, filed Feb 19, 2026Rental revenues and other property income, net of any concessions and uncollectible amounts, consists primarily of rents collected under…View ↗
Management fee revenues consist of fees from property and asset management services provided to portfolio owners of single-family homes for…View ↗
Since our founding in 2012, we have built a proven, vertically integrated operating platform that allows us to effectively and efficiently…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 22 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 19, 2026
10-K for FY2025, filed Feb 19, 2026
$587.9MView ↗
How Are They Changing?
Growing. Revenue grew 37% in 4 years, from $2B in FY2021 to $2.7B in FY2025, about 8% a year.
In-house homebuilding
The earlier report described an integrated platform centered on investment, asset management, and property management; the latest adds land development and construction through ResiBuilt, for internal development of single-family rental homes and communities.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 19, 2026Our approach to investment and asset management similarly combines local presence and expertise with national oversight. Our investment and…View ↗
Additionally, our acquisition of ResiBuilt (as defined below), a leading fee homebuilder specializing in single-family rental communities…View ↗
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