Invitation Homes (INVH) vs Terreno Realty (TRNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Terreno Realty (TRNO) has outperformed Invitation Homes (INVH) over the past year, gaining 8.5% versus a loss of 8.1%. Over five years, TRNO leads with a -7.5% price change compared with -35.6% for INVH. Invitation Homes is the larger company by market cap ($15.27 billion vs $6.90 billion), about 2.2 times the size, while Terreno Realty is growing revenue faster (+24.5% vs +4.2%).
On valuation, Terreno Realty trades at a lower forward P/E (35.9x vs 36.4x for Invitation Homes). Invitation Homes offers the higher dividend yield (4.60% vs 3.28%). Terreno Realty converts more of its revenue into profit, with a net margin of 84.6% 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 | INVH | TRNO |
|---|---|---|
| Share price | $25.86 | $63.34 |
| Market cap | $15.27B | $6.90B |
| 1-day change | -2.01% | -1.39% |
| YTD return | -6.94% | +7.89% |
| 1-year return | -8.10% | +8.51% |
| 5-year return | -35.64% | -7.47% |
| P/E ratio (TTM) | 23.72 | 17.03 |
| Forward P/E | 36.38 | 35.89 |
| EPS (TTM) | $1.09 | $3.72 |
| Dividend yield | 4.60% | 3.28% |
| Annual dividend | $1.19 | $2.08 |
| Revenue (latest FY) | $2.73B | $476.38M |
| Revenue growth (YoY) | +4.21% | +24.51% |
| Net income (latest FY) | $587.92M | $402.99M |
| Net margin | 21.54% | 84.59% |
| 52-week high | $30.89 | $78.94 |
| 52-week low | $24.25 | $55.92 |
| Distance from 52-week high | -16.29% | -19.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.62% | +17.02% |
| Average volume | 4.50M | 745.01K |
| Shares outstanding | 590.62M | 108.97M |
| Employees | 1,725 | 47 |
| Sector | Finance | Finance |
| Industry | Real Estate | 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
- Invitation Homes is about 2.2 times larger than Terreno Realty by market value ($15.27B vs $6.90B).
- TRNO has outperformed INVH by 16.6 percentage points over the past year.
- Invitation Homes trades at a higher earnings multiple (23.7x vs 17.0x trailing P/E).
- Invitation Homes offers a meaningfully higher dividend yield (4.60% vs 3.28%).
- Terreno Realty is more profitable, keeping 84.6 cents of every revenue dollar as net income versus 21.5 cents for Invitation Homes.
- Terreno Realty grew revenue faster in its latest fiscal year (+24.51% vs +4.21%).
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
About Terreno Realty
TRNO stock →Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets.
Finance · Real Estate · 47 employees
INVH vs TRNO FAQ
Which is bigger, Invitation Homes or Terreno Realty?
Invitation Homes (INVH) is larger, with a market capitalization of $15.27B compared with $6.90B for Terreno Realty (TRNO).
Which stock has performed better over the past year, INVH or TRNO?
TRNO returned +8.51% over the past 12 months, compared with -8.10% for INVH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, INVH or TRNO?
TRNO has the lower trailing P/E at 17.0, versus 23.7 for INVH. 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, Invitation Homes or Terreno Realty?
Invitation Homes has the higher yield at 4.60%, compared with 3.28% for Terreno Realty.
Are Invitation Homes and Terreno Realty in the same industry?
Yes. Both are classified in the Real Estate industry within the Finance sector.