Hoya Capital

Single Family Rental REITs

What Are Single-Family Rental REITs? Single-Family Rental (SFR) Real Estate Investment Trusts (REITs) own and lease detached homes, catering to renters seeking space, privacy, and suburban living. These REITs generate income through long-term leases, benefiting from strong demand driven by rising home prices and lifestyle shifts.

Why Invest? SFR REITs offer stable cash flow, capital appreciation, and exposure to the growing rental housing market. With millennials and remote workers fueling demand for single-family rentals, these REITs provide a hedge against inflation while benefiting from long-term demographic trends.

Challenges & Outlook While SFR REITs thrive on high demand, they face challenges such as rising property prices, interest rates, and maintenance costs. However, with affordability issues limiting homeownership and rental demand increasing, SFR REITs remain a promising long-term investment in residential real estate.

Single-Family Rental REITs

Updated Nov 10, 2026, 3:00 AM ET

REITs
5
Combined Mkt Cap
$32.1B
Snapshot Avg Yield
6.06%

The snapshot average uses 5 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.

The Numbers Behind the Sector

Updated Nov 10, 2026, 3:00 AM ET

Fwd FFO
12.5x
3-Yr FFO Growth
+12.5%
3-Yr Return
+0.3%
Avg Discount
-13.7%
Net Debt/EBITDA
4.6x
Market Value
$32.06B
CompanyTickerMarket CapDividend YieldP/FFO3Yr Total Return
Invitation HomesINVH$15.7B4.41%13.9x-0.8%
American HomesAMH$11.8B4.01%16.8x+1.8%
Millrose PropertiesMRP$4.42B11.88%8.6xNot reported
NexPoint DiversifiedNXDT$0.18B3.51%Not reported-15.1%
Bluerock HomesBHM$0.03B6.47%40.0x-13.9%

Frequently Asked Questions

How many Single-Family Rental REITs are tracked here?

Hoya Capital's Single-Family Rental REITs table contains 5 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.

What is the average dividend yield for Single-Family Rental REITs?

The simple average dividend yield for the tracked Single-Family Rental REITs is 6.06%, using 5 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.

What is the median dividend yield for Single-Family Rental REITs?

The median reported dividend yield for Single-Family Rental REITs is 4.41% across 5 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.

Which tracked company is largest in Single-Family Rental REITs by market capitalization?

Invitation Homes (INVH) has the largest reported market capitalization in the Single-Family Rental REITs table, at $15.67 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.