Equity Lifestyle Properties (ELS) vs Invitation Homes (INVH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Equity Lifestyle Properties (ELS) has outperformed Invitation Homes (INVH) over the past year, losing 6.1% versus a loss of 6.9%. Over five years, ELS leads with a -30.6% price change compared with -35.6% for INVH. Invitation Homes is the larger company by market cap ($15.27 billion vs $11.63 billion), about 1.3 times the size.
On valuation, Equity Lifestyle Properties trades at a lower forward P/E (26.6x vs 36.4x for Invitation Homes). Invitation Homes offers the higher dividend yield (4.60% vs 3.65%). Equity Lifestyle Properties converts more of its revenue into profit, with a net margin of 26.3% versus 21.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ELS | INVH |
|---|---|---|
| Share price | $57.98 | $25.86 |
| Market cap | $11.63B | $15.27B |
| 1-day change | -1.29% | -2.01% |
| YTD return | -3.89% | -5.78% |
| 1-year return | -6.09% | -6.95% |
| 5-year return | -30.62% | -35.64% |
| P/E ratio (TTM) | 28.01 | 23.72 |
| Forward P/E | 26.56 | 36.38 |
| EPS (TTM) | $2.07 | $1.09 |
| Dividend yield | 3.65% | 4.60% |
| Annual dividend | $2.12 | $1.19 |
| Revenue (latest FY) | $1.53B | $2.73B |
| Revenue growth (YoY) | +0.34% | +4.21% |
| Net income (latest FY) | $402.06M | $587.92M |
| Operating margin | 25.56% | — |
| Net margin | 26.25% | 21.54% |
| 52-week high | $69.00 | $30.89 |
| 52-week low | $57.46 | $24.25 |
| Distance from 52-week high | -15.97% | -16.29% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.01% | +29.62% |
| Average volume | 1.58M | 4.43M |
| Shares outstanding | 194.06M | 590.62M |
| Employees | 3,700 | 1,725 |
| Sector | Real Estate | Finance |
| Industry | Real Estate Investment Trusts | Real Estate |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- The two companies sit in different sectors: Equity Lifestyle Properties in Real Estate and Invitation Homes in Finance.
About Equity Lifestyle Properties
ELS stock →Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust.
Real Estate · Real Estate Investment Trusts · 3,700 employees
About Invitation Homes
INVH stock →Invitation Homes Inc., an S&P 500 company, is the nation's premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Their purpose, Unlock the Power of Home, reflects their commitment to address America's housing needs by delivering high-quality living solutions and genuine care to those who choose the flexibility and value of leasing.
Finance · Real Estate · 1,725 employees
ELS vs INVH FAQ
Which is bigger, Equity Lifestyle Properties or Invitation Homes?
Invitation Homes (INVH) is larger, with a market capitalization of $15.27B compared with $11.63B for Equity Lifestyle Properties (ELS).
Which stock has performed better over the past year, ELS or INVH?
ELS returned -6.09% over the past 12 months, compared with -6.95% for INVH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ELS or INVH?
INVH has the lower trailing P/E at 23.7, versus 28.0 for ELS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Equity Lifestyle Properties or Invitation Homes?
Invitation Homes has the higher yield at 4.60%, compared with 3.65% for Equity Lifestyle Properties.
Are Equity Lifestyle Properties and Invitation Homes in the same industry?
No. Equity Lifestyle Properties is in the Real Estate sector, while Invitation Homes is in Finance.