NYSE$INVH

Invitation Homes Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Invitation Homes reported Q4 2025, revenue of $685M, net income of $144M, diluted EPS of $0.24.

For Q4 2025, Invitation Homes reported revenue of $685M, net income of $144M, diluted EPS was $0.24. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $685M.
  • Net income $144M.
  • Diluted EPS $0.24.

Headline financials

Total Revenue

$685M

Previous: $659M+3.9%
EPS (adj)

$0.24

Previous: $0.47-48.9%
Average Occupancy

95.9%

Previous: 96.8%-0.9%
Bad Debt % of gross rental revenue

0.8%

Previous: 0.8%+0.0%
Turnover Rate

5.6%

Previous: 5.2%+7.7%
Renewal Rent Growth

4.2%

Previous: 4.1%+2.4%
New Lease Rent Growth

-4.1%

Previous: -2.2%-86.4%
Blended Rent Growth

1.8%

Previous: 2.2%-18.2%
Same Store NOI Growth

0.7%

No prior period
Same Store Core Revenues Growth

1.7%

No prior period
Same Store Core Operating Expenses Growth

4.0%

No prior period
Total Homes Owned and/or Managed

110.1K

No prior period
Net Income

$144M

Previous: $143M+0.7%
Operating Income

$96.2M

No prior period

Revenue & EPS history

Invitation Homes · Revenue · Quarterly

$685M

Q4 2025+3.9%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Invitation Homes · $555M total across 1 segment · Q3 2023

  • Rental and Other Property Income
    $555M+7.9%

Forward guidance

The release discusses Invitation Homes's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Invitation Homes cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.8%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+5.5%

Q4 2024

Best reaction

-9.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.4%+2.1%+4.1%
Q4 2025-3.9%-4.4%-9.1%
Q3 2025+3.5%+4.2%+2.7%
Q1 2025+2.7%+2.1%-1.4%
Q4 2024+5.5%+7.3%+9.2%
Q3 2024-5.4%-4.3%+3.1%
Q2 2024-9.0%-6.1%-0.9%
Q1 2024-1.4%-0.5%-1.6%
Q4 2023-1.7%-0.6%+6.0%
Q3 2023-6.6%-5.9%+7.2%
Q2 2023-1.9%-0.1%-5.1%
Q1 2023+0.8%+3.1%+1.5%
Q4 2022-1.4%-1.3%-7.8%
Q3 2022-8.6%-6.7%-6.6%
Q2 2022+5.5%+5.2%+1.8%
Q1 2022-1.9%-8.6%-8.3%
Q4 2021-2.3%-6.7%-1.7%
Q3 2021+1.1%+0.4%+0.5%
Q2 2021-0.1%-0.2%-0.5%
Q1 2021+2.4%+2.4%+7.0%
Q4 2020-2.1%-3.3%+0.3%
Q3 2020-2.3%-1.4%+2.5%
Q2 2020-0.5%+1.3%-1.6%
Q1 2020+4.7%+7.7%+21.9%
Q4 2019-2.4%-3.6%-43.2%
Q3 2019-1.0%+0.2%-1.4%
Q2 2019-0.4%+0.4%+4.9%
Q1 2019-1.1%+0.6%+5.7%
Q4 2018+2.6%+3.1%+4.0%
Q3 2018-0.9%+2.3%+0.0%
Q2 2018-0.9%-3.9%-0.8%
Q1 2018-5.7%-7.2%-6.5%
Q4 2017+2.0%+3.2%+3.0%
Q3 2017+0.4%+1.6%+1.9%
Q2 2017+4.4%+9.3%+6.4%
Q1 2017+0.6%-1.4%-1.2%
Q4 2015

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