REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 28, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

Invitation Homes Inc. ($INVH)

Sector: Single-Family Rental  •  Exchange / CIK: NYSE / 0001687229  •  Properties: 150 Assets
Trading at a 8.3% discount to NAV
Safety Score: 87/100 (Safe)  |  Credit: BBB

Live Share Price

$26.75
52W Range: $24.25 - $30.89

Valuation Multiples

19.0x P/AFFO
P/FFO: 17.6x  |  FFO/sh: $1.52

Net Asset Value (NAV)

$29.16
Prem/Disc: -8.3%  |  Cap: 6.54%

Dividend Cash Flow

3.48% Yield
$0.93/yr (Quarterly)  |  Payout: 66.0%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 5.2x. Portfolio leased occupancy is 97.3% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.2325 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
Invitation Homes Inc. Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 97.3% $4,374,000,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
1.0
Index Tracking (Market Neutral)
Annualized Alpha (α)
-3.27%
Trailing VNQ
Sharpe Ratio (vs VNQ)
0.06 vs 0.33
-0.27 Spread
Max Drawdown (1-Yr)
-14.7% vs -11.4%
-3.3% vs VNQ
Cumulative Return (%) Drawdown (%) INVH +3.5% VNQ +8.3% 17 -10 0 -15
Quantitative Risk & Return Metric INVH VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 1.0 1.00 +0.00 (Index Tracking (Market Neutral))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 -3.27% 0.00% (Baseline) Trailing VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 0.06 0.33 -0.27
Sortino Ratio
Downside semi-variance risk-adjusted return
 0.06 0.33 -0.27
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 21.1% 13.6% +7.5% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -14.7% -11.4% -3.3% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 3.5% 8.4% -4.9% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.41 Corr: 0.64 41% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 48.2% 51.8% -3.6% vs Benchmark
QuantStats Analytical Synthesis: INVH displays a Beta of 1.00 relative to VNQ with 0.41 R² correlation. Annualized volatility is 21.1% (7.5% higher than VNQ at 13.6%). Trailing 12-month Alpha stands at -3.27% (Trailing VNQ) with a Sharpe ratio of 0.06 against 0.33 for VNQ, and a maximum drawdown of -14.7%.
SEC CIK: 0001687229  |  Principal Executive Officer: Dallas B. Tanner  |  Total PEO Compensation: $10,150,000 (140:1)
Official SEC Accession: 0001687229-26-000015
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.