
Invitation Homes And American Homes 4 Rent Just Got Interesting
Invitation Homes (INVH) and American Homes 4 Rent (AMH) have entered value territory after a sharp selloff tied to potential institutional buying bans. SFR REITs face near-term headwinds from a 2022–2023 supply wave, but long-term fundamentals remain strong with high margins and scale advantages. INVH and AMH now trade at 16.0x and 17.8x AFFO, respectively, and at significant discounts to NAV, making INVH particularly attractive.

















