IRT vs INVH Stock Comparison

Independence Realty Trust and Invitation Homes Prices as of Oct 27, 2026 Peers: Industry group
INVH Invitation Homes Inc.
$27.18 +2.1% 1M -5.9% 1Y
Market cap
$15.80B
P/E
24.0x
Revenue (TTM)
$2.86B
Div. yield
–
Residential REITs Real Estate
9 wins

Head to Head

9 decided of 12

Invitation Homes leads on 9 of the 12 questions below (Invitation Homes 9). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIRTINVHLeader
Larger companyMarket capitalisation $3.41B $15.80B INVH
Cheaper on earningsLower P/E, profitable companies only 78.4x 24.0x INVH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 106.2x 28.3x INVH
Faster revenue growthRevenue growth, trailing twelve months +3.5% +6.7% INVH
More profitableNet margin, trailing twelve months 6.5% 23.1% INVH
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.05% 0.00% –
Better 1-year returnPrice return, last 12 months -8.0% -5.9% INVH
Better 5-year returnAnnualised price return, 5 years -9.0%/yr -8.1%/yr INVH
Less volatileAnnualised volatility, 1 year 21.9% 21.4% INVH
Higher overall scoreMean of the five percentile scores vs peers 51/100 69/100 INVH

Percentile Scorecard

IRTINVH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIRTINVH
Valuation 49 #74 of 145 54 #67 of 145
Growth 54 #66 of 141 72 #40 of 141
Profitability 50 #67 of 134 80 #28 of 134
Financial Health 74 #37 of 138 54 #64 of 138
Shareholder Returns 26 #97 of 131 83 #23 of 131
Overall 51 69
  • IRT ranked among 149 companies in Property REITs
  • INVH ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIRTINVHSPY
1 month +1.5%+2.1% -0.2%
3 months -10.9%-9.6% +3.9%
6 months -8.9%-3.4% +8.2%
Year to date -14.9%-2.2% +12.9%
1 year -8.0%-5.9% +12.3%
3 years +21.9%-5.6% +87.4%
3 years, per year +6.8%-1.9% +23.3%
5 years -37.6%-34.3% +67.9%
5 years, per year -9.0%-8.1% +10.9%
10 years +73.5%— +261.1%
10 years, per year +5.7%— +13.7%

Risk

MeasureIRTINVHSPY
Volatility, 1Y 21.9%21.4% 12.7%
Downside volatility, 1Y 23.6%21.3% 12.7%
Beta vs S&P 500, 1Y 0.160.07 1.00
Return / volatility, 1Y -0.37-0.27 0.97
Max drawdown, 5Y -57.1%-46.2% -25.4%
From 52-week high -16.3%-11.1% -1.2%
52-week high $17.77$30.59 $779.14
52-week low $14.46$24.39 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIRTINVH
P/E now vs peer median 80.5xmedian 26.3x 24.4xmedian 26.3x
P/S now vs peer median 5.3xmedian 4.0x 5.6xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x —median 14.4x
P/FCF now vs peer median -959.9xmedian 23.3x 30.7xmedian 23.3x
P/B now vs peer median 1.0xmedian 1.3x 1.8xmedian 1.3x
PEG now vs peer median -5.13median 1.91 1.53median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIRTINVH
Revenue $666.83M $2.86B
Net income $44.30M $662.98M
Free cash flow -$3.65M $523.34M
EPS (diluted) $0.18 $1.11
Cash & equivalents $46.70M $75.79M
Total debt $2.44B $8.53B
Shares (diluted) 236.04M 592.50M
Enterprise value $3.22B $15.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIRTINVH
P/E 80.5x 24.4x
P/FCF -959.9x 30.7x
P/Operating cash flow 12.7x 13.4x
P/S 5.3x 5.6x
P/B 1.0x 1.8x
P/Tangible book 1.0x 1.8x
EV/EBITDA – –
EV/EBIT – –
EV/Revenue 8.9x 8.6x
EV/FCF -1,616x 46.8x
EV/Operating cash flow 21.4x 20.4x
PEG (3Y EPS CAGR) -5.13 1.53

Growth

14 metrics
MetricIRTINVH
Revenue growth (1Y) 3.5% 6.7%
Revenue CAGR (3Y) 0.9% 6.9%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – –
Operating income CAGR (3Y) – –
Net income growth (1Y) 57.0% 21.2%
Net income CAGR (3Y) -14.6% 14.7%
EPS growth (1Y) 55.3% 25.3%
EPS CAGR (3Y) -15.7% 16.0%
Operating cash flow growth (1Y) 0.2% 6.2%
Operating cash flow CAGR (3Y) 1.3% 3.9%
Free cash flow growth (1Y) 98.0% 506.6%
Free cash flow CAGR (3Y) 71.2% -0.1%

Profitability

14 metrics
MetricIRTINVH
Gross margin – –
EBITDA margin – –
Operating margin – –
Pretax margin – –
Net margin 6.5% 23.1%
FCF margin -0.5% 18.3%
Operating cash flow margin 41.4% 42.0%
Return on equity 1.3% 7.3%
Return on assets 0.7% 3.6%
Return on invested capital – –
Return on capital employed – –
Asset turnover 0.1x 0.2x
Cash conversion (OCF / net income) 6.2x 1.8x
Stock comp / revenue 1.2% 1.0%

Financial Health

11 metrics
MetricIRTINVH
Debt / assets 40.1% 46.2%
Debt / equity 0.7x 0.9x
Net debt / EBITDA – –
Debt / FCF -669.1x 16.3x
Liabilities / assets 42.8% 50.7%
Equity / assets 57.2% 49.3%
Interest coverage – –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricIRTINVH
Dividend yield 4.7% 4.4%
Net buyback yield -2.4% 3.4%
Shareholder yield 2.4% 7.8%
Payout ratio (earnings) 363.2% –
Payout ratio (FCF) -4,405% –
Dividend growth (1Y) 10.2% –
Dividend CAGR (3Y) 8.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIRTINVH
Forward P/E 106.2xFY2026 28.3xFY2026
EPS, next fiscal year $0.14FY2026 $0.96FY2026
EPS growth, next FY -41.7%FY2026 0.0%FY2026
EPS growth, the year after +50.0% -20.8%
Revenue, next fiscal year $637.39MFY2026 $3.11BFY2026
Revenue growth, next FY -2.9%FY2026 +13.7%FY2026
Revenue growth, the year after +20.7% -4.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIRTINVH
Held by institutions 98.8% 100.0%
Institutions holding 395 622
Change in shares held, QoQ +2.0% +9.1%
Institutions buying 189 338
Institutions selling 140 215
Buyers to sellers 1.35 1.57

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IRTINVH
IRT 1.00 0.62
INVH 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IRT and INVH?

Invitation Homes (INVH) is the largest by market capitalisation: Independence Realty Trust (IRT) $3.41B, Invitation Homes (INVH) $15.80B.

Which stock is cheaper, IRT and INVH?

Invitation Homes (INVH) trades on the lowest price-to-earnings ratio (Independence Realty Trust (IRT) 78.4x, Invitation Homes (INVH) 24.0x). On next year's consensus earnings, Invitation Homes (INVH) is cheapest (Independence Realty Trust (IRT) 106.2x, Invitation Homes (INVH) 28.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Invitation Homes (INVH) grew revenue fastest over the trailing twelve months: Independence Realty Trust (IRT) +3.5%, Invitation Homes (INVH) +6.7%.

Which company is more profitable?

Invitation Homes (INVH) has the highest net margin (Independence Realty Trust (IRT) 6.5%, Invitation Homes (INVH) 23.1%).

Which stock has performed better?

Over the past year Invitation Homes (INVH) returned the most: Independence Realty Trust (IRT) -8.0%, Invitation Homes (INVH) -5.9%. Over five years, Invitation Homes (INVH) compounded fastest (Independence Realty Trust (IRT) -9.0%/yr, Invitation Homes (INVH) -8.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Independence Realty Trust (IRT) 0.05%, Invitation Homes (INVH) 0.00%. Invitation Homes (INVH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Invitation Homes (INVH) has been the steadiest (Independence Realty Trust (IRT) 21.9%, Invitation Homes (INVH) 21.4%). Volatility measures how widely the price swings, not the risk of the business.

Do IRT and INVH move together?

Their daily returns over the past year have a correlation of 0.62, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, IRT and INVH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Invitation Homes (INVH) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.