INVH vs. O: Invitation Homes vs. Realty Income Stock Comparison

Company Profile

Invitation Homes (INVH) and Realty Income (O) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but INVH is classified in Residential REITs while O is classified in Retail REITs.

Both Invitation Homes (INVH) and Realty Income (O) 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

Both Invitation Homes (INVH) at 7.40% and Realty Income (O) at 3.48% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Neither Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) 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 Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) and Realty Income (O) 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

Both Invitation Homes (INVH) at 4.21% and Realty Income (O) at 9.07% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Financial Strength

Realty Income (O) at 2.17 carries current ratio above its industry’s typical mid-range, while Invitation Homes (INVH) at 0.61 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Both Invitation Homes (INVH) at 0.99 and Realty Income (O) at 0.75 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Both Invitation Homes (INVH) at 4.35% and Realty Income (O) at 5.45% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) 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 Invitation Homes (INVH) in Equity Real Estate Investment Trusts (REITs) or Realty Income (O) 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 Realty Income (O) at 9.06 sits in the pricier quartile — O costs more per dollar of sales.

On P/B ratio, both Invitation Homes (INVH) at 1.79 and Realty Income (O) at 1.42 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics