Invitation Homes income statement
In fiscal 2025, Invitation Homes reported revenue of $2.73bn, up 4.2% on the year before and net income of $588m, or $0.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 923 | 1,054 | 1,723 | 1,765 | 1,823 | 1,997 | 2,238 | 2,432 | 2,619 | 2,729 | 2,898 |
| General and administrative | 79 | 69 | 168 | 99 | 74 | 63 | 76 | 74 | 82 | 91 | 95 | 120 |
| Operating income | 114 | 191 | 118 | — | — | — | — | — | — | — | — | — |
| Interest expense | 274 | 286 | 257 | 384 | 367 | 354 | 323 | 304 | 333 | — | — | — |
| Income tax | — | — | — | 1 | 2 | 1 | 1 | 0 | 0 | — | — | — |
| Net income | −160 | −78 | −105 | −5 | 145 | 196 | 261 | 383 | 519 | 454 | 588 | 682 |
| Diluted EPS | — | — | −$0.26 | −$0.01 | $0.27 | $0.35 | $0.45 | $0.63 | $0.85 | $0.74 | $0.96 | $1.14 |
| Diluted shares (average) | — | — | 339m | 520m | 532m | 555m | 579m | 611m | 613m | 614m | 613m | 600m |
| EBITDA | 365 | 458 | 428 | — | — | — | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 659 | 674 | 681 | 688 | 685 | 734 | 748 | 731 |
| General and administrative | 24 | 30 | 24 | 18 | 24 | 32 | 29 | 34 |
| Provision for credit losses | — | — | — | — | — | — | — | 1 |
| Net income | 143 | 166 | 141 | 137 | 145 | 161 | 219 | 158 |
| Diluted EPS | $0.23 | $0.27 | $0.23 | $0.22 | $0.24 | $0.26 | $0.37 | $0.27 |
Compare with peers
Head to head: INVH vs LANDBHM vs INVH
More: Single-Family Residential REITs stocks compared, Real Estate sector, rankings of US companies