Invitation Homes (INVH) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Real Estate
Real Estate Operators (No Developers) & LessorsSEC EDGAR

Invitation Homes (INVH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Invitation Homes FY2025 10-K Analysis

Business Overview

  • Core business: Owner and operator of single-family homes for lease across 16 U.S. markets, focusing on high-quality, renovated homes with local market expertise
  • New development segment: January 2026 acquisition of ResiBuilt, adding in-house land development and homebuilding capabilities for single-family rental communities
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Management Discussion & Analysis

  • Revenue not explicitly stated; net income available to common stockholders increased 29.5% YoY to $586.96M from $453.16M in 2024
  • Operating margin implied by EBITDAre $1.51B on revenue not given; net income margin improved from 0.74 to 0.96 per diluted share
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Risk Factors

  • Regulatory/legal risk: compliance with REIT distribution requirement—must distribute at least 90% of taxable income annually
  • Macroeconomic risk: interest rate volatility threatens cash flow, risking debt service payments and potential default on secured loans
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Invitation Homes FY2025 Key Financial Metrics
XBRL

Revenue

$2.7B

+4.2% YoY

Net Income

$588M

+29.5% YoY

Net Margin

21.5%

+421bp YoY

ROE

6.2%

+152bp YoY

Total Assets

$18.7B

-0.1% YoY

EPS (Diluted)

$0.96

+29.7% YoY

Operating Cash Flow

$1.2B

+11.5% YoY

Source: XBRL data from Invitation Homes FY2025 10-K filing on SEC EDGAR. All figures in USD.

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