Invitation Homes Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	2,642	2,549	2,419	2,227	1,992
Service and Other Revenue	87.34	69.98	13.65	11.48	4.89
Revenue	2,729	2,619	2,432	2,238	1,997
Revenue Growth (YoY)	4.21%	7.67%	8.67%	12.10%	-
Property Expenses	1,135	1,073	976.14	874.29	777.76
Total Property Expenses	1,135	1,073	976.14	874.29	777.76
Gross Profit	1,595	1,546	1,456	1,364	1,219
Selling, General & Admin	95.25	90.61	82.34	74.03	75.82
Depreciation & Amortization Expenses	746.93	714.33	674.29	638.11	592.14
Other Operating Expenses	11.44	82.93	8.6	28.7	8.68
Operating Income	740.95	658.32	690.91	623	542.23
Interest Income	-11.61	-28.45	-17.88	-13.55	-10.97
Interest Expense	-353.33	-366.07	-333.46	-304.09	-322.66
Other Non-Operating Income (Expense)	-4.35	-52.99	-2.09	-11.26	-5.84
Total Non-Operating Income (Expense)	-369.28	-447.5	-353.42	-328.9	-339.46
Pretax Income	371.67	210.82	337.49	294.1	202.77
Net Income	587.92	453.92	519.47	383.33	261.43
Minority Interest in Earnings	-1.99	-1.45	-1.56	-1.47	-1.35
Net Income Attributable to Preferred Dividends	0.96	0.75	0.7	0.66	0.33
Net Income to Common	587.92	453.92	519.47	383.33	261.43
Net Income Growth	29.52%	-12.62%	35.52%	46.63%	-
Shares Outstanding (Basic)	613	613	612	610	578
Shares Outstanding (Diluted)	613	614	613	611	579
Shares Change (YoY)	-0.07%	0.06%	0.36%	5.51%	0.01%
EPS (Basic)	0.96	0.74	0.85	0.63	0.45
EPS (Diluted)	0.96	0.74	0.85	0.63	0.45
EPS Growth	29.73%	-12.94%	34.92%	40.00%	-
Free Cash Flow	162.06	93.87	-107.53	92.98	-519.54
Free Cash Flow Growth	72.64%	-	-	-	-
Free Cash Flow Per Share	0.26	0.15	-0.18	0.15	-0.90
Dividends Per Share	1.170	1.130	1.060	0.920	0.730
Dividend Growth	3.54%	6.60%	15.22%	26.03%	-
Gross Margin	58.42%	59.04%	59.87%	60.94%	61.05%
Operating Margin	27.15%	25.14%	28.41%	27.84%	27.16%
Profit Margin	21.61%	17.39%	21.42%	17.19%	13.16%
FCF Margin	5.94%	3.58%	-4.42%	4.15%	-26.02%
EBITDA	1,488	1,373	1,365	1,261	1,134
EBITDA Margin	54.52%	52.41%	56.13%	56.35%	56.81%
EBIT	740.95	658.32	690.91	623	542.23
EBIT Margin	27.15%	25.14%	28.41%	27.84%	27.16%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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