AlphaMadera's AlphaVal page classifies Invitation Homes Inc. as a Real Estate Investment Trust business and values it using P/FFO × Residential REIT Multiple, then compares the result to the current market price to flag INVH as undervalued, fairly valued, or overvalued.

What is Invitation Homes Inc.'s fair value?

Fair value for INVH comes from a P/FFO × Residential REIT Multiple model -- the approach AlphaVal selected for this company's Real Estate Investment Trust classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value INVH?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. INVH was classified as Real Estate Investment Trust and is valued using P/FFO × Residential REIT Multiple, built from INVH's most recent reported fundamentals.

INVH - Invitation Homes Inc.

Price: -- -- | CONSENSUS: Buy DETAILS | PRICE TARGET: $31.67 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Residential REIT Multiple

Valuation Signal Undervalued Strong

Trading 72.8% below fair value

Current Price $30.36

Bear Case $94.44 211.1% upside ($94.44 - $30.36) / $30.36 = 211.1% $2.25 FFO × 21x

Fair Value $111.46 267.2% upside ($111.46 - $30.36) / $30.36 = 267.2% $2.25 FFO × 25x

Bull Case $128.49 323.3% upside ($128.49 - $30.36) / $30.36 = 323.3% $2.25 FFO × 29x

Adjust Assumptions

P/FFO Multiple

24.7x

FFO per Share

2.25$

Key Value Driver

FFO/share ($2.25) × residential P/FFO multiple

Terminal Value % of EV

Implied Market Multiple 13.5x

Market is pricing in (growth)

Plain-Language Summary

At $2.25 FFO/share with a 25x residential REIT multiple, the base-case value is $111.46 per share. Dividend yield: 3.9%. DDM cross-check: $242.04.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (34 analysts) $31.67

Analyst Range $27.00 – $35.00

Divergence from AlphaVal 252%

Warnings

⚠ Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.

ℹ Dividend-based valuation: $242.04 (117% above our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

ℹ Wall Street's average price target is $31.67 (from 34 analysts). Our estimate is 252% above the consensus -- consider that gap carefully.

Key Risks

P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
Interest rate sensitivity: REIT multiples compress when rates rise
FFO approximation (NI + D&A) may include gains on property sales — verify