Invitation Homes balance sheet

At the end of fiscal 2025, Invitation Homes had total assets of $18.68bn, total liabilities of $9.11bn and shareholders' equity of $9.53bn. It held $130m in cash against $8.46bn of debt: net debt of $8.33bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Invitation Homes: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.3	0.2	0.2	0.1	0.1	0.2	0.6	0.3	0.7	0.2	0.1	0.1
Goodwill	—	0.0	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Total assets	—	9.7	18.7	18.1	17.4	17.5	18.5	18.5	19.2	18.7	18.7	18.5
Long-term debt	—	—	9.7	9.2	8.5	8.0	8.0	7.8	8.5	8.2	8.4	8.7
Total debt	0.0	5.3	9.7	9.3	8.5	8.1	8.1	7.8	8.6	8.3	8.5	8.8
Total liabilities	—	7.8	10.0	9.7	9.1	9.0	8.7	8.2	9.0	8.9	9.1	9.7
Shareholders' equity	1.9	2.0	8.5	8.2	8.2	8.5	9.8	10.3	10.2	9.8	9.5	8.8
Net debt (negative = net cash)	−0.3	5.1	9.5	9.2	8.4	7.9	7.5	7.6	7.9	8.1	8.3	8.7
Shares outstanding	—	—	—	521m	542m	567m	601m	611m	612m	613m	611m	582m

US$ billions unless shown otherwise. Fiscal quarters.

Invitation Homes: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Goodwill	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Total assets	18.7	18.6	18.7	18.8	18.7	18.7	18.4	18.5
Long-term debt	8.2	8.1	8.2	8.2	8.4	8.8	8.5	8.7
Total debt	8.2	8.1	8.2	8.2	8.4	8.8	8.5	8.7
Total liabilities	8.9	8.8	9.0	9.1	9.1	9.6	9.4	9.7
Shareholders' equity	9.8	9.7	9.7	9.6	9.5	9.1	9.1	8.8
Shares outstanding	613m	613m	613m	613m	611m	594m	591m	582m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Invitation Homes's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Invitation Homes.