13 Most Profitable Real Estate Stocks Now

9. Invitation Homes Inc. (NYSE:INVH)

Number of Hedge Fund Holders: 31

5 Year Net Income Growth: 40.84%

Invitation Homes Inc. (NYSE:INVH) is the largest single-family home leasing and management company in the US. The firm offers various options for leasing an updated home in a desirable neighborhood. With top-level property management, homes in desirable neighborhoods, Smart Home technology features, and its proactive maintenance program, the company sets itself apart from the competition.

Invitation Homes Inc. (NYSE:INVH) has an attractive position as the premier single-family home leasing company in the country. It has an unmatched scale with its portfolio predominantly focused on infill locations which provide better insulation from new supply. The scale is evident from the average of nearly 5,300 wholly-owned homes across the company’s 16 core markets. Simultaneously, almost all of the nearly 25,000 JV and third-party managed homes are positioned in the core and identified target markets. Furthermore, it is 33% more affordable to home leasing as compared to home buying in 16 of its core markets.

Invitation Homes has accretive homebuilder relationships and a high-margin third-party management business which helps it deliver outsized AFFO growth. During the year’s second quarter, the firm’s total revenues increased 8.8% year-over-year to $653 million while AFFO per share increased 4.1% to $0.40. Invitation Homes entered into contracts with its homebuilder partners to construct over 1,000 newly built homes. It also started providing third-party property and asset management services for a portfolio of 3,000 single-family homes for lease which brought the company’s total number of managed-only homes to 17,261 as of June 30, 2024.

Therefore, Invitation Homes Inc. (NYSE:INVH) remains well-positioned to continue its industry-leading occupancy and strong growth. As of Q2, the stock is held by 31 hedge funds thereby ranking among the 13 most profitable real estate stocks now.