Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Invitation HomesFRA:4IV 81 5-Year Yield-on-Cost % is 8.28 as of Jul. 21, 2026, which is 93% above its 10-year median of 4.30. GuruFocus rates FRA:4IV with a GF Score™ of 81/100 and a GF Value™ of €32.05 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 875 REITs companies, Invitation Homes ranks better than 57.26% on this metric.
Invitation Homes's yield on cost for the quarter that ended in Mar. 2026 was 8.28.
The historical rank and industry rank for Invitation Homes's 5-Year Yield-on-Cost % or its related term are showing as below:
FRA:4IV'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.55 Med: 4.3 Max: 10.17
Current: 8.28
During the past 12 years, Invitation Homes's highest Yield on Cost was 10.17. The lowest was 0.55. And the median was 4.30.
FRA:4IV's 5-Year Yield-on-Cost % is ranked better than 57.26% of 875
companies
in the REITs industry
Industry Median: 7.3
vs FRA:4IV: 8.28
Invitation Homes (FRA:4IV) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Invitation Homes 5-Year Yield-on-Cost % Related Terms
FRA:4IV vs ESS, MAA, SUI: 5-Year Yield-on-Cost % Comparison
For the REIT - Residential subindustry, Invitation Homes's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Invitation Homes's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Invitation Homes's 5-Year Yield-on-Cost % falls into.
Invitation Homes 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Invitation Homes (FRA:4IV) has a 5-Year Yield-on-Cost % of 8.28 as of Jul. 21, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Invitation Homes and its competitors. This is 93% above median its historical median of 4.30. Over the past decade, Invitation Homes' 5-Year Yield-on-Cost % has ranged from 0.55 to 10.17. According to the industry distribution chart, Invitation Homes ranks #374 out of 875 companies in the REITs industry, placing it in the top 42.7%.
Is Invitation Homes' 5-Year Yield-on-Cost % too high?
Invitation Homes' current 5-Year Yield-on-Cost % of 8.28 is 93% above median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 10.17. The REITs industry median 5-Year Yield-on-Cost % is 7.30. Invitation Homes' value of 8.28 is 13.4% above this industry median. Based on the distribution chart, Invitation Homes ranks #374 out of 875 companies in the REITs industry, which is above the industry midpoint. Overall, Invitation Homes has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' 5-Year Yield-on-Cost % compare to ESS and MAA?
According to the REITs industry distribution chart, Invitation Homes ranks #374 out of 875 companies for 5-Year Yield-on-Cost %. This puts Invitation Homes in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 7.30. Invitation Homes' value of 8.28 is 13.4% above this benchmark. Historically, Invitation Homes' own 5-Year Yield-on-Cost % has ranged from 0.55 to 10.17 over the past decade. While the company's 10-year median is 4.30 vs. the industry median of 7.30, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.30, based on 875 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Invitation Homes's current 5-Year Yield-on-Cost % of 8.28 is 13.4% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Invitation Homes and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invitation Homes's current 5-Year Yield-on-Cost % is 8.28, which is 93% above median its own 10-year median of 4.30. 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 (FRA:4IV) is currently considered Modestly Undervalued. The stock's GF Value™ is €32.05, compared to a current price of €26.20 — trading 18.3% below its estimated fair value. The current 5-Year Yield-on-Cost % is 8.28, which is 93% above median its 10-year median of 4.30 and 13.4% above the REITs industry median of 7.30. Invitation Homes' overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Invitation Homes (FRA:4IV), the current 5-Year Yield-on-Cost % is 8.28 as of Jul. 21, 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 (FRA:4IV) Overvalued in 2026?
Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued.
The current stock price of €26.20 is trading 18.3% below its estimated GF Value™ of €32.05.
GuruFocus considers Invitation Homes to be Modestly Undervalued.
Key valuation signals for FRA:4IV:
5-Year Yield-on-Cost %: 8.28 (93% above median its 10-year median of 4.30)
GF Value™: €32.05 vs. price of €26.20 (18.3% below fair value)
Industry Position: 13.4% above the REITs median (#374 of 875)
No single metric tells the full story. See the FRA:4IV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
Get the complete analysis for FRA:4IV
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:4IV has been successfully added to your 
