CCI vs. INVH: Crown Castle vs. Invitation Homes Stock Comparison

Company Profile

Crown Castle (CCI) and Invitation Homes (INVH) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but CCI is classified in Specialized REITs while INVH is classified in Residential REITs.

Both Crown Castle (CCI) and Invitation Homes (INVH) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Invitation Homes (INVH) earns 7.40% on shareholders’ equity, ranked against its industry; Crown Castle (CCI) has no ROE this period.

Neither Crown Castle (CCI) in Equity Real Estate Investment Trusts (REITs) nor Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Crown Castle (CCI) in Equity Real Estate Investment Trusts (REITs) and Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Invitation Homes (INVH) at 4.21% is around its peer norm for revenue growth, while Crown Castle (CCI) at -4.39% drops into the bottom quartile, signaling weaker demand or pricing momentum.

EPS growth isn't a meaningful figure for either Crown Castle (CCI) in Equity Real Estate Investment Trusts (REITs) or Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Both Crown Castle (CCI) at 0.23 and Invitation Homes (INVH) at 0.61 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

Only one side’s leverage can be read here: Invitation Homes (INVH) carries debt-to-equity ratio of 0.99 against its industry range, while Crown Castle (CCI) reports no figure this period.

Financial Strength Metrics

Dividends

Both Crown Castle (CCI) at 4.67% and Invitation Homes (INVH) at 4.35% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither Crown Castle (CCI) in Equity Real Estate Investment Trusts (REITs) nor Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Crown Castle (CCI) in Equity Real Estate Investment Trusts (REITs) or Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Invitation Homes (INVH) at 5.49 is priced about in line with its industry on P/S ratio, while Crown Castle (CCI) at 9.23 sits in the pricier quartile — CCI costs more per dollar of sales.

Crown Castle (CCI) reports a negative P/B ratio of -11.02, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Invitation Homes (INVH) reports 1.79, ranking against industry peers normally.

Valuation Metrics