Invitation Homes (INVH) Stock Buyback History
TTM buyback yield 3.01% · Shareholder yield (TTM) 3.01%.
INVH
TTM buyback yield
3.01%
Shareholder yield (TTM)
3.01%
5Y share count change
10.4%
TTM buyback spend
$453.47M
SBC coverage (TTM)
15.98x
YoY change in spend
+388.4%
5Y CAGR of spend
N/A
Peak year (2025)
$53.21M
Cumulative spend
$105.54M
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Invitation Homes (INVH) repurchased about $453.47M of stock over the trailing twelve months.
- Diluted share count is up 10.4% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 15.98× — repurchases more than cover SBC dilution.
- TTM repurchases used about 109% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $53.21M | $27.83M | $25.38M | 0.61B | -0.1% | 0.31% |
| 2024 | $10.89M | $27.92M | −$17.02M | 0.61B | 0.1% | 0.06% |
| 2023 | $8.15M | $29.50M | −$21.35M | 0.61B | 0.4% | 0.04% |
| 2022 | $0.00 | $28.96M | −$28.96M | 0.61B | 5.5% | — |
| 2021 | $0.00 | $27.17M | −$27.17M | 0.58B | 4.3% | — |
| 2020 | $0.00 | $17.09M | −$17.09M | 0.56B | 4.3% | — |
| 2019 | $8.16M | $18.16M | −$9.99M | 0.53B | 2.3% | 0.05% |
| 2018 | $9.24M | $29.50M | −$20.25M | 0.52B | 53.3% | 0.09% |
| 2017 | $15.88M | $81.20M | −$65.32M | 0.34B | 12.3% | 0.13% |
| 2016 | $0.00 | $10.21M | −$10.21M | 0.30B | 0.0% | — |
| 2015 | $0.00 | $27.92M | −$27.92M | 0.30B | 0.0% | — |
| 2014 | $0.00 | $24.34M | −$24.34M | 0.30B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Invitation Homes (INVH) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Invitation Homes (INVH)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Invitation Homes (INVH)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $53.21M | +388.4% | +$42.31M | ||
| 2024 | $10.89M | +33.7% | +$2.75M | ||
| 2023 | $8.15M | — | +$8.15M | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | — | $0 | ||
| 2020 | $0 | -100.0% | -$8.16M | ||
| 2019 | $8.16M | -11.7% | -$1.08M | ||
| 2018 | $9.24M | -41.8% | -$6.64M | ||
| 2017 | $15.88M | — | +$15.88M | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | — |
The 2025 reading of Invitation Homes (INVH) buyback spend is $53.21M – surged 388.4% year-over-year.
Across the available history, buyback spend reached its high of $53.21M in 2025 and its low of $0 in 2014.
Invitation Homes (INVH) sits 3rd of 8 Real Estate peers we track on this metric, against a peer median of $0.
Invitation Homes Buyback Spend 2025: $53.21M
Invitation Homes buyback spend in 2025 was $53.21M, surged 388.4% from 2024. This figure represents the highest annual value in the available history.
Invitation Homes Buyback Spend 2024: $10.89M
Invitation Homes buyback spend in 2024 was $10.89M, surged 33.7% from 2023.
Invitation Homes Buyback Spend 2023: $8.15M
Invitation Homes buyback spend in 2023 was $8.15M.
Invitation Homes Buyback Spend 2022: $0
Invitation Homes buyback spend in 2022 was $0.
Invitation Homes Buyback Spend 2021: $0
Invitation Homes buyback spend in 2021 was $0.
See more financial history for Invitation Homes (INVH).
Sector peers by buyback spend
Companies in the same sector as Invitation Homes, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Simon Property Group (SPG) | $227.15M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Public Storage (PSA) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 15.98×.
Capital allocation mix
How Invitation Homes splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $414.72M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Invitation Homes's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Invitation Homes buy back its own stock?
Yes, Invitation Homes (INVH) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Invitation Homes spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $453.47M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Invitation Homes's buyback yield?
TTM buyback yield is about 3.01% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Invitation Homes's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 3.01% combined (TTM-based where available).
Is Invitation Homes diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Invitation Homes's share count changed?
Diluted weighted average shares changed by about 10.4% over roughly five fiscal years (annual income statement data).
What is Invitation Homes's buyback spend?
Latest reported buyback spend for Invitation Homes (INVH) is $453.47M (period ending March 31, 2026).
How has Invitation Homes buyback spend changed year-over-year?
Invitation Homes (INVH) buyback spend changed +388.4% year-over-year on the latest annual filing.
When did Invitation Homes buyback spend hit its highest annual value?
Invitation Homes buyback spend reached its highest annual value of $53.21M in 2025.
What was Invitation Homes buyback spend in 2024?
Invitation Homes (INVH) buyback spend in 2024 was $10.89M.
What was Invitation Homes buyback spend in 2025?
Invitation Homes (INVH) buyback spend in 2025 was $53.21M.
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