# Invitation Homes Inc.

Summary updated: 2026-09-28T12:12:24.240107Z
Canonical: https://finbar.com/research/companies/invitation-homes

## Overview

Invitation Homes Inc. is a U.S. real estate investment trust focused on single-family homes for lease. It owns and operates rental homes and provides property and asset management services for homes owned by others. Its portfolio is concentrated in 16 core metropolitan markets, primarily in the Western U.S., Florida and the Southeast. [1](https://app.finbar.com/go?id=P97730671)[2](https://app.finbar.com/go?id=P11385288)

The company describes its purpose as “Unlock the Power of Home,” emphasizing housing and service for residents and communities. At year-end 2025, it wholly owned 86,192 homes and employed 1,725 full-time associates; its 2025 revenue was approximately $2.73 billion. [3](https://app.finbar.com/go?id=P119646226)[1](https://app.finbar.com/go?id=P97730671)[4](https://app.finbar.com/go?id=P81958465)[5](https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/invh-20251231.htm)
[1](https://app.finbar.com/go?id=P97730671)[2](https://app.finbar.com/go?id=P11385288)[3](https://app.finbar.com/go?id=P119646226)[4](https://app.finbar.com/go?id=P81958465)[6](https://app.finbar.com/go?id=T13571426)[5](https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/invh-20251231.htm)

## Products & services

Invitation Homes’ principal product is the lease of single-family homes. Its owned homes average about 1,880 square feet and typically have three to four bedrooms and two bathrooms. Prospective residents can view floor plans and virtual tours, arrange self-guided or in-person showings, and apply online or through the company’s app. [7](https://app.finbar.com/go?id=P86616642)[8](https://app.finbar.com/go?id=P28464390)[9](https://app.finbar.com/go?id=P75183593)

Residents can pay rent and submit and track maintenance requests through digital channels. The company’s ProCare service includes a move-in orientation, a maintenance visit about 45 days after move-in, and a consultation before move-out; residents also have access to a 24/7 emergency line. Additional charges can include pet rent, smart-home system fees and utility reimbursements. Invitation Homes also provides property and asset management to other single-family rental owners, covering resident support, maintenance, marketing and administration. In 2025, rental revenue and other property income accounted for about 96.8% of total revenue, while management fees accounted for about 3.2%; individual resident services were not separately quantified. [10](https://app.finbar.com/go?id=P54399690)[11](https://app.finbar.com/go?id=P58080967)[12](https://app.finbar.com/go?id=P106043003)[13](https://app.finbar.com/go?id=P102533015)[14](https://app.finbar.com/go?id=P87378736)[15](https://app.finbar.com/go?id=P89516055)[5](https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/invh-20251231.htm)
[7](https://app.finbar.com/go?id=P86616642)[8](https://app.finbar.com/go?id=P28464390)[9](https://app.finbar.com/go?id=P75183593)[10](https://app.finbar.com/go?id=P54399690)[11](https://app.finbar.com/go?id=P58080967)[12](https://app.finbar.com/go?id=P106043003)[13](https://app.finbar.com/go?id=P102533015)[14](https://app.finbar.com/go?id=P87378736)[15](https://app.finbar.com/go?id=P89516055)[6](https://app.finbar.com/go?id=T13571426)[6](https://app.finbar.com/go?id=T13571426)[6](https://app.finbar.com/go?id=T13571426)[5](https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/invh-20251231.htm)

## Geographic presence

Invitation Homes operates in the United States, with its single-family rental homes concentrated in Western, Florida and Southeastern markets. It describes 16 core markets and maintains field offices in those markets. Its principal executive office is in Dallas, Texas. [2](https://app.finbar.com/go?id=P11385288)[1](https://app.finbar.com/go?id=P97730671)[16](https://app.finbar.com/go?id=P106623538)

Its year-end 2025 property schedule shows its largest listed markets as Atlanta (12,592 properties), Tampa (9,667), Phoenix (9,191), South Florida (8,004) and Southern California (7,046). Other listed markets include the Carolinas, Orlando, Northern California, Seattle, Dallas, Las Vegas, Denver, Houston, Chicago, Jacksonville, Minneapolis, Nashville and Salt Lake City. These are property counts, not revenue by market. [17](https://app.finbar.com/go?id=T13319681)
[2](https://app.finbar.com/go?id=P11385288)[1](https://app.finbar.com/go?id=P97730671)[16](https://app.finbar.com/go?id=P106623538)[17](https://app.finbar.com/go?id=T13319681)[17](https://app.finbar.com/go?id=T13319681)[17](https://app.finbar.com/go?id=T13319681)[17](https://app.finbar.com/go?id=T13319681)[17](https://app.finbar.com/go?id=T13319681)[17](https://app.finbar.com/go?id=T13319681)

## Business segments

Invitation Homes reports **one business segment**: investing in and managing single-family residential properties for lease. It does not report separate operating segments for its geographic markets; management reviews performance and allocates resources on a consolidated basis. Its single reported segment therefore accounts for approximately 100% of the business. [18](https://app.finbar.com/go?id=P8150268)

The company also presents a **geographic revenue breakdown**, which is not a segment breakdown. For 2025, Western United States markets generated 38.8% of rental revenues and other property income, Florida 32.4%, Southeast United States markets 18.7%, Texas 5.9%, and Midwest United States markets 4.0%; other markets accounted for approximately 0.2%. [19](https://app.finbar.com/go?id=T3913256)[20](https://app.finbar.com/go?id=P39982890)
[18](https://app.finbar.com/go?id=P8150268)[19](https://app.finbar.com/go?id=T3913256)[19](https://app.finbar.com/go?id=T3913256)[19](https://app.finbar.com/go?id=T3913256)[19](https://app.finbar.com/go?id=T3913256)[19](https://app.finbar.com/go?id=T3913256)[19](https://app.finbar.com/go?id=T3913256)[20](https://app.finbar.com/go?id=P39982890)

## Company history

Invitation Homes traces its origins to 2012, when Blackstone affiliates formed the first Invitation Homes partnership to invest in single-family rental homes. The company went public in February 2017, listing on the New York Stock Exchange under the symbol INVH. In November of that year, it merged with Starwood Waypoint Homes, substantially expanding its portfolio. [21](https://app.finbar.com/go?id=P185700265)[22](https://app.finbar.com/go?id=P184375448)[23](https://app.finbar.com/go?id=P184374947)

Co-founder Dallas Tanner became president and chief executive officer in January 2019. Later that year, Blackstone sold its remaining stake, ending its ownership of the company. [24](https://www.sec.gov/Archives/edgar/data/1687229/000168722919000005/a8-k011619.htm)[25](https://www.stblaw.com/about-us/news/view/2019/11/27/invitation-homes-completes-$1.7-billion-secondary-offering-as-blackstone-successfully-exits-the-company)
[21](https://app.finbar.com/go?id=P185700265)[22](https://app.finbar.com/go?id=P184375448)[23](https://app.finbar.com/go?id=P184374947)[24](https://www.sec.gov/Archives/edgar/data/1687229/000168722919000005/a8-k011619.htm)[25](https://www.stblaw.com/about-us/news/view/2019/11/27/invitation-homes-completes-$1.7-billion-secondary-offering-as-blackstone-successfully-exits-the-company)

## Sources

1. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97730671)
2. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11385288)
3. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P119646226)
4. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81958465)
5. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1687229/000168722926000016/invh-20251231.htm)
6. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13571426)
7. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86616642)
8. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28464390)
9. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75183593)
10. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54399690)
11. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P58080967)
12. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106043003)
13. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102533015)
14. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87378736)
15. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P89516055)
16. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106623538)
17. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13319681)
18. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P8150268)
19. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3913256)
20. [Invitation Homes Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39982890)
21. [Invitation Homes Inc. — Full financial report (2017 Q 3)](https://app.finbar.com/go?id=P185700265)
22. [Invitation Homes Inc. — Full financial report (2017 Y)](https://app.finbar.com/go?id=P184375448)
23. [Invitation Homes Inc. — Full financial report (2017 Y)](https://app.finbar.com/go?id=P184374947)
24. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1687229/000168722919000005/a8-k011619.htm)
25. [www.stblaw.com](https://www.stblaw.com/about-us/news/view/2019/11/27/invitation-homes-completes-$1.7-billion-secondary-offering-as-blackstone-successfully-exits-the-company)

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