INVH (Invitation Homes) Dividend Payout Ratio: 1.69 (As of Mar. 2026) — 20% Below Median

What is Invitation Homes Dividend Payout Ratio?

Invitation Homes INVH +0.07% 84 Dividend Payout Ratio is 1.69 as of Mar. 2026, which is 20% below its 10-year median of 2.11. GuruFocus rates INVH with a GF Score™ of 84/100 and a GF Value™ of $37.04 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 714 REITs companies, Invitation Homes ranks worse than 77.31% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Invitation Homes's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.69.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Invitation Homes Inc is 1.72, which seems too high.

The historical rank and industry rank for Invitation Homes's Dividend Payout Ratio or its related term are showing as below:

INVH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.59 Med: 2.11 Max: 3.36
Current: 1.72

During the past 12 years, the highest Dividend Payout Ratio of Invitation Homes was 3.36. The lowest was 1.59. And the median was 2.11.

INVH's Dividend Payout Ratio is ranked worse than
77.31% of 714 companies
in the REITs industry
Industry Median: 0.99 vs INVH: 1.72

As of today (2026-07-02), the Dividend Yield % of Invitation Homes is 3.91%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Invitation Homes was 4.80%. The lowest was 0.26%. And the median was 2.03%.

Invitation Homes's Dividends per Share for the months ended in Mar. 2026 was $0.30.

During the past 12 months, Invitation Homes's average Dividends Per Share Growth Rate was 3.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.20% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Invitation Homes was 39.70% per year. The lowest was 10.00% per year. And the median was 18.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Invitation Homes (NYSE:INVH) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Invitation Homes Dividend Payout Ratio Related Terms

Invitation Homes Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Invitation Homes's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Invitation Homes Dividend Payout Ratio Chart

Invitation Homes Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.71

1.59

2.11

2.12

1.69

Invitation Homes Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.58	1.67	1.76	1.77	1.69

INVH vs ESS, MAA, SUI: Dividend Payout Ratio Comparison

For the REIT - Residential subindustry, Invitation Homes's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Invitation Homes Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Invitation Homes's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Invitation Homes's Dividend Payout Ratio falls into.

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84GF Score

Invitation Homes Inc INVH

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Invitation Homes Dividend Payout Ratio Calculation

Invitation Homes's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.17	/	0.694
	=	1.69

Invitation Homes's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.3	/	0.178
	=	1.69

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.69 mean?

Invitation Homes (INVH) has a Dividend Payout Ratio of 1.69 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Invitation Homes and its competitors. This is 20% below median its historical median of 2.11. Over the past decade, Invitation Homes' Dividend Payout Ratio has ranged from 1.59 to 3.36. According to the industry distribution chart, Invitation Homes ranks #552 out of 714 companies in the REITs industry, placing it in the top 77.3%.

Is Invitation Homes' Dividend Payout Ratio too high?

Invitation Homes' current Dividend Payout Ratio of 1.69 is 20% below median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 3.36. The REITs industry median Dividend Payout Ratio is 0.99. Invitation Homes' value of 1.69 is 70.7% above this industry median. Based on the distribution chart, Invitation Homes ranks #552 out of 714 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Invitation Homes has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Invitation Homes' Dividend Payout Ratio compare to ESS and MAA?

According to the REITs industry distribution chart, Invitation Homes ranks #552 out of 714 companies for Dividend Payout Ratio. This places Invitation Homes in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Invitation Homes' value of 1.69 is 70.7% above this benchmark. Historically, Invitation Homes' own Dividend Payout Ratio has ranged from 1.59 to 3.36 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 0.99, Invitation Homes has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Invitation Homes's current Dividend Payout Ratio of 1.69 is 70.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Invitation Homes and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invitation Homes's current Dividend Payout Ratio is 1.69, which is 20% below median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Invitation Homes stock overvalued right now?

Based on GuruFocus' analysis, Invitation Homes (INVH) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.04, compared to a current price of $30.37 — trading 18% below its estimated fair value. The current Dividend Payout Ratio is 1.69, which is 20% below median its 10-year median of 2.11 and 70.7% above the REITs industry median of 0.99. Invitation Homes' overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Invitation Homes (INVH), the current Dividend Payout Ratio is 1.69 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Invitation Homes (INVH) Overvalued in 2026?

Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued. The current stock price of $30.37 is trading 18% below its estimated GF Value™ of $37.04. GuruFocus considers Invitation Homes to be Modestly Undervalued.

Key valuation signals for INVH:

Dividend Payout Ratio: 1.69 (20% below median its 10-year median of 2.11)
GF Value™: $37.04 vs. price of $30.37 (18% below fair value)
GF Score™: 84/100 with 7 warning signs
Industry Position: 70.7% above the REITs median (#552 of 714)

No single metric tells the full story. See the INVH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Invitation Homes Business Description

Industry Real Estate REITs

Comparable Companies ESS MAA SUI UDR ELS AMH CPT EQR AVB JAN MRP DFM:DUBAIRESI IRT TSX:CAR.UN TSE:3269 XPAR:ALTA TSX:BEI.UN TSE:3226 IST:EKGYO TSX:KMP.UN

Other Exchanges 4IV:Germany I2NV34:Brazil

Address 5420 LBJ Freeway, Suite 600, Dallas, TX, USA, 75240

Website https://www.invitationhomes.com

Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.

84GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.37

Price

$37.04

GF Value

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