KPIs & Operating Metrics(New)

Invitation Homes (INVH) Depreciation Expense (2016 - 2026)

Invitation Homes (INVH) reported Depreciation Expense of $193.1 million for Q1 2026, up 5.46% year-over-year from $183.1 million in Q1 2025, and up 1.72% on a QoQ basis from $189.9 million in Q4 2025.

Invitation Homes (INVH) has 11 years of Depreciation Expense data on file, last reported at $193.1 million in Q1 2026.

  • Quarterly Depreciation Expense rose 5.46% year-over-year to $193.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $756.9 million (up 4.81% YoY) and the FY2025 annual result came in at $746.9 million, up 4.56% from the prior year.
  • Depreciation Expense advanced to $193.1 million in Q1 2026 per INVH's latest filing, from $189.9 million in the prior quarter.
  • Across five years, Depreciation Expense topped out at $193.1 million in Q1 2026 and bottomed at $155.8 million in Q1 2022.
  • The 5-year median for Depreciation Expense is $175.3 million (2024), against an average of $174.5 million.
  • The widest annual swing landed in 2022, when Depreciation Expense rose 9.15%; it then grew 4.38% in 2025.
  • Tracing INVH's Depreciation Expense over 5 years: stood at $163.3 million in 2022, then gained by 6.03% to $173.2 million in 2023, then increased by 5.05% to $181.9 million in 2024, then increased by 4.38% to $189.9 million in 2025, then climbed by 1.72% to $193.1 million in 2026.
  • Per Business Quant, the three latest INVH Depreciation Expense figures stand at $193.1 million (Q1 2026), $189.9 million (Q4 2025), and $188.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation (Qtr)
1 Avalonbay Communities 25.91 Bn 26.13 Bn - 233.10 Mn
2 Equity Residential 25.13 Bn 25.27 Bn - 258.11 Mn
3 Invitation Homes 17.75 Bn 17.79 Bn 694.98 Mn 193.14 Mn
4 Sun Communities 15.66 Bn 15.77 Bn 491.20 Mn -
5 Mid America Apartment Communities 15.34 Bn 15.42 Bn 537.05 Mn -
6 American Homes 4 Rent 13.60 Bn 14.17 Bn - 5.70 Mn
7 Udr 12.44 Bn 12.44 Bn 416.43 Mn 161.27 Mn
8 Equity Lifestyle Properties 12.31 Bn 12.37 Bn 393.79 Mn -
9 Camden Property Trust 11.27 Bn 11.34 Bn - -
10 Millrose Properties 4.59 Bn 4.59 Bn - -

Historic Data

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DateValue
Mar 31, 2026 193.14 Mn
Dec 31, 2025 189.88 Mn
Sep 30, 2025 188.46 Mn
Jun 30, 2025 185.46 Mn
Mar 31, 2025 183.15 Mn
Dec 31, 2024 181.91 Mn
Sep 30, 2024 180.48 Mn
Jun 30, 2024 176.62 Mn
Mar 31, 2024 175.31 Mn
Dec 31, 2023 173.16 Mn
Sep 30, 2023 170.70 Mn
Jun 30, 2023 165.76 Mn
Mar 31, 2023 164.67 Mn
Dec 31, 2022 163.32 Mn
Sep 30, 2022 160.43 Mn
Jun 30, 2022 158.57 Mn
Mar 31, 2022 155.80 Mn
Dec 31, 2021 151.66 Mn
Sep 30, 2021 150.69 Mn
Jun 30, 2021 145.28 Mn
Mar 31, 2021 144.50 Mn
Dec 31, 2020 142.09 Mn
Sep 30, 2020 138.15 Mn
Jun 30, 2020 137.27 Mn
Mar 31, 2020 135.03 Mn
Dec 31, 2019 133.76 Mn
Sep 30, 2019 133.32 Mn
Jun 30, 2019 133.03 Mn
Mar 31, 2019 133.61 Mn
Dec 31, 2018 130.22 Mn
Sep 30, 2018 139.37 Mn
Jun 30, 2018 146.45 Mn
Mar 31, 2018 144.50 Mn
Dec 31, 2017 107.02 Mn
Sep 30, 2017 67.47 Mn
Jun 30, 2017 67.52 Mn
Mar 31, 2017 67.58 Mn
Dec 31, 2016 69.42 Mn
Sep 30, 2016 66.48 Mn
Jun 30, 2016 66.08 Mn
Mar 31, 2016 65.70 Mn