CPT vs. INVH: Camden Property Trust vs. Invitation Homes Stock Comparison
How do Camden Property Trust (CPT) and Invitation Homes (INVH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Camden Property Trust (CPT) and Invitation Homes (INVH) both belong to the Residential REITs industry, though CPT is classified under Multi-Family Residential REITs while INVH falls under Single-Family Residential REITs.
Both Camden Property Trust (CPT) and Invitation Homes (INVH) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | CPT | INVH |
|---|---|---|
| Name | Camden Property Trust | Invitation Homes Inc. |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Residential REITs | Residential REITs |
| GICS Sub-Industry | Multi-Family Residential REITs | Single-Family Residential REITs |
| Market Capitalization | 10.13 billion USD | 15.67 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 22, 1993 | February 1, 2017 |
| Security Type | REIT | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CPT | INVH |
|---|---|---|
| Total Return (1Y) | 2.53% | 1.74% |
| Total Return (3Y, Annualized) | 8.91% | -0.74% |
| Total Return (5Y, Annualized) | -5.96% | -4.47% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CPT | INVH |
|---|---|---|
| Volatility (1Y, Annualized) | 19.94% | 21.11% |
| Beta (5Y) | 0.75 | 0.79 |
| Max Drawdown (5Y) | -50.22% | -38.44% |
| Avg. Volume (3M) | 966.49K | 4.97M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CPT | INVH |
|---|---|---|
| Sharpe Ratio (1Y) | -0.09 | -0.12 |
| Sortino Ratio (1Y) | -0.13 | -0.17 |
Profitability
ROE (TTM)
Camden Property Trust (CPT) at 24.45% clears its industry range for ROE, a sharper capital-efficiency signal than Invitation Homes (INVH) at 7.40%, which is closer to a typical peer reading.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
24.45%
- CPT
- 24.45%
- Max
- 22.74%
- Q3
- 10.54%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
INVH
Equity Real Estate Investment Trusts (REITs) industry group
7.40%
- Max
- 22.74%
- Q3
- 10.54%
- INVH
- 7.40%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Net Margin (TTM)
Neither Camden Property Trust (CPT) 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.
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Camden Property Trust (CPT) 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
| Metric | CPT | INVH |
|---|---|---|
| ROE (TTM) | 24.45% | 7.40% |
| ROA (TTM) | 1.83% | 2.39% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Camden Property Trust (CPT) at 1.92% and Invitation Homes (INVH) at 4.21% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
EPS growth isn't a meaningful figure for either Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) or Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) under our convention.
Growth Metrics
| Metric | CPT | INVH |
|---|---|---|
| Revenue Growth (YoY) | 1.92% | 4.21% |
| Revenue Growth (3Y CAGR) | 3.41% | 6.84% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Camden Property Trust (CPT) at 0.65 keeps current ratio within its industry’s typical mid-range, while Invitation Homes (INVH) at 0.61 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for INVH.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
0.65
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- CPT
- 0.65
- Q1
- 0.62
- Min
- 0.06
INVH
Equity Real Estate Investment Trusts (REITs) industry group
0.61
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- Q1
- 0.62
- INVH
- 0.61
- Min
- 0.06
Debt / Equity (MRQ)
Both Camden Property Trust (CPT) at 0.91 and Invitation Homes (INVH) at 0.99 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
0.91
- Max
- 2.72
- Q3
- 1.59
- Median
- 0.99
- CPT
- 0.91
- Q1
- 0.72
- Min
- 0.20
INVH
Equity Real Estate Investment Trusts (REITs) industry group
0.99
- Max
- 2.72
- Q3
- 1.59
- INVH
- 0.99
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
Financial Strength Metrics
| Metric | CPT | INVH |
|---|---|---|
| Current Ratio (MRQ) | 0.65 | 0.61 |
| Debt / Equity (MRQ) | 0.91 | 0.99 |
| Net Debt / EBITDA | 4.54 | 5.83 |
Dividends
Dividend Yield (TTM)
Both Camden Property Trust (CPT) at 4.08% and Invitation Homes (INVH) at 4.35% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
4.08%
- Max
- 8.62%
- Q3
- 5.95%
- Median
- 4.34%
- CPT
- 4.08%
- Q1
- 3.26%
- Min
- 0.00%
INVH
Equity Real Estate Investment Trusts (REITs) industry group
4.35%
- Max
- 8.62%
- Q3
- 5.95%
- INVH
- 4.35%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
An earnings-based payout ratio fits neither Camden Property Trust (CPT) 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
| Metric | CPT | INVH |
|---|---|---|
| Dividend Yield (TTM) | 4.08% | 4.35% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either Camden Property Trust (CPT) 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.
P/S Ratio (TTM)
On P/S ratio, both Camden Property Trust (CPT) at 6.44 and Invitation Homes (INVH) at 5.49 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
6.44
- Max
- 14.47
- Q3
- 8.02
- CPT
- 6.44
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
INVH
Equity Real Estate Investment Trusts (REITs) industry group
5.49
- Max
- 14.47
- Q3
- 8.02
- Median
- 5.98
- INVH
- 5.49
- Q1
- 3.27
- Min
- 0.43
P/B Ratio (MRQ)
On P/B ratio, both Camden Property Trust (CPT) at 2.23 and Invitation Homes (INVH) at 1.79 are valued close to their industries’ norm against book — neither stands out from peers.
CPT
Equity Real Estate Investment Trusts (REITs) industry group
2.23
- Max
- 4.06
- Q3
- 2.53
- CPT
- 2.23
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
INVH
Equity Real Estate Investment Trusts (REITs) industry group
1.79
- Max
- 4.06
- Q3
- 2.53
- INVH
- 1.79
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Valuation Metrics
| Metric | CPT | INVH |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 6.44 | 5.49 |
| P/B Ratio (MRQ) | 2.23 | 1.79 |
| Free Cash Flow Yield (TTM) | -- | -- |