Invitation Homes Inc. (INVH), headquartered in Dallas, Texas, is the largest single-family rental player with a portfolio of more than 80,000 units. Valued at $21.71 billion by market cap, the company owns, renovates, leases, and operates single-family homes as residential properties, including single-family homes in planned unit developments. Its services include property management, home selection, maintenance programs, and online payment.
Shares of this leading rental provider have underperformed the broader market considerably over the past year. INVH has gained 5.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. But in 2024, the gap narrowed, with INVH stock rising 3.9%, while the SPX is up 11.2% on a YTD basis.
