Invitation Homes Inc. (INVH)

Invitation Homes Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,592	2,549	2,419	2,227	1,992	1,823
Property Management Fees	83.76	69.98	13.65	11.48	4.89	-
Other Revenue	-27.85	-28.45	-17.88	-9.61	-1.55	-
Total Revenue	2,647	2,590	2,414	2,229	1,995	1,823
Revenue Growth (YoY	5.09%	7.29%	8.34%	11.70%	9.45%	3.29%
Property Expenses	1,099	1,073	976.14	874.29	777.76	739.16
Selling, General & Administrative	95.9	89.98	81.37	73.71	74.76	62.7
Depreciation & Amortization	730.99	714.33	674.29	638.11	592.14	552.53
Total Operating Expenses	1,926	1,877	1,732	1,586	1,445	1,354
Operating Income	721.99	713.43	682.6	642.4	550.42	468.44
Interest Expense	-357.89	-366.07	-333.46	-304.09	-322.66	-353.92
Income (Loss) on Equity Investments	-	-	-	-	-	0.6
Other Non-Operating Income	-28.43	-53.75	-2.4	-11.16	-5.84	1.07
EBT Excluding Unusual Items	335.68	293.61	346.74	327.15	221.92	116.18
Gain (Loss) on Sale of Investments	-0.56	1.05	0.35	-3.94	-9.42	29.72
Gain (Loss) on Sale of Assets	269.04	244.55	183.54	90.7	60.01	54.59
Total Insurance Settlements	-	-	-	-	-	3.88
Asset Writedown	-0.55	-0.51	-0.43	-0.31	-0.65	-6.33
Other Unusual Items	-78.82	-83.34	-9.18	-28.8	-9.08	-0.6
Pretax Income	546.8	455.37	521.03	384.8	262.78	197.45
Earnings From Continuing Operations	546.8	455.37	521.03	384.8	262.78	197.45
Minority Interest in Earnings	-1.79	-1.45	-1.56	-1.47	-1.35	-1.24
Net Income	545.01	453.92	519.47	383.33	261.43	196.21
Preferred Dividends & Other Adjustments	0.8	0.75	0.7	0.66	0.33	0.45
Net Income to Common	544.21	453.16	518.77	382.67	261.1	195.76
Net Income Growth	14.28%	-12.62%	35.52%	46.63%	33.24%	34.89%
Basic Shares Outstanding	613	613	612	610	578	554
Diluted Shares Outstanding	613	614	613	611	579	555
Shares Change (YoY)	-0.06%	0.06%	0.36%	5.51%	4.28%	4.31%
EPS (Basic)	0.89	0.74	0.85	0.63	0.45	0.35
EPS (Diluted)	0.89	0.74	0.85	0.63	0.45	0.35
EPS Growth	14.19%	-12.74%	35.10%	39.46%	28.57%	29.63%
Dividend Per Share	1.150	1.130	1.060	0.920	0.730	0.620
Dividend Growth	4.54%	6.60%	15.22%	26.03%	17.74%	14.82%
Operating Margin	27.27%	27.54%	28.27%	28.83%	27.59%	25.70%
Profit Margin	20.56%	17.49%	21.49%	17.17%	13.09%	10.74%
EBITDA	1,453	1,428	1,357	1,281	1,143	1,021
EBITDA Margin	54.88%	55.12%	56.20%	57.46%	57.27%	56.01%
D&A For Ebitda	730.99	714.33	674.29	638.11	592.14	552.53
EBIT	721.99	713.43	682.6	642.4	550.42	468.44
EBIT Margin	27.27%	27.54%	28.27%	28.83%	27.59%	25.70%
Funds From Operations (FFO)	1,008	925.27	1,010	928.62	788.77	693.85
FFO Per Share	1.64	1.50	1.64	1.51	1.35	1.24
Adjusted Funds From Operations (AFFO)	-	986.24	923.37	865.9	745.56	602.4
AFFO Per Share	-	1.60	1.50	1.41	1.28	1.08
FFO Payout Ratio	69.55%	74.49%	63.18%	58.05%	49.93%	47.87%
Revenue as Reported	2,675	2,619	2,432	2,238	1,997	1,823

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q