Invitation Homes Inc. (INVH) vs Kimco Realty Corporation (KIM)
A side-by-side comparison of Invitation Homes Inc. and Kimco Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — INVH vs KIM
growth of $100 · dividends reinvested · last 10yINVH vs KIM: by the numbers
- •INVH is the larger company ($15.81B vs $15.13B market cap).
- •KIM converts more revenue to profit (27.73% vs 23.14% net margin).
- •KIM grew revenue faster over the past five years (14.73% vs 8.60% CAGR).
- •KIM pays the higher dividend yield (4.44% vs 4.32%).
Metrics side by side
Valuation
| Metric | INVH | KIM |
|---|---|---|
| P/E ratio | 24.42 | 25.21 |
| Forward P/E | 26.46 | 26.78 |
| P/S ratio | 5.54 | 6.92 |
| P/B ratio | 1.75 | 1.47 |
| EV / EBITDA | 14.93 | 16.54 |
| FCF yield | 5.44% | 5.67% |
For REITs like Invitation Homes Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Kimco Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | INVH | KIM |
|---|---|---|
| Gross margin | 3.69% | 54.85% |
| Operating margin | 30.16% | 35.80% |
| Net margin | 23.14% | 27.73% |
| ROE | 7.30% | 5.91% |
| ROIC | 4.67% | 3.95% |
Dividends
| Metric | INVH | KIM |
|---|---|---|
| Dividend yield | 4.32% | 4.44% |
| Payout ratio | 109.17% | 115.73% |
Invitation Homes Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Kimco Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | INVH | KIM |
|---|---|---|
| Revenue CAGR (5Y) | 8.60% | 14.73% |
| EPS CAGR (5Y) | 22.36% | -18.16% |
| FCF CAGR (5Y) | 12.11% | 5.82% |
| Total return CAGR (5Y) | -4.29% | 6.52% |
Frequently asked
- Which has grown faster, INVH or KIM?
- Over the past five years, KIM grew revenue faster — INVH at a 8.60% CAGR versus KIM at 14.73%.
- Does INVH or KIM pay a bigger dividend?
- INVH yields 4.32% and KIM yields 4.44% based on trailing dividends and the latest price.
- Is INVH or KIM more profitable?
- KIM runs the higher net margin — INVH at 23.14% versus KIM at 27.73%.
- How have INVH and KIM total returns compared?
- Over the past 5 years, INVH delivered -4.29% and KIM delivered 6.52% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Invitation Homes & Kimco Realty appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.