Single Family Rentals
Single-Family Rental REITs ("SFR REITs") are one of the great success stories of the Modern REIT Era, becoming a "core" institutional asset class and quieting the critics that questioned their ability to operate efficiently. SFR REITs have been one of the best performing property sectors since their emergence onto the scene in the mid-2010s.
Single-Family Rental REITs - which own nearly 170,000 single-family homes between the three - concentrate heavily on the Sunbelt markets that have experienced the strongest economic growth during the post-GFC recovery and in the early post-pandemic recovery.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| INVH | Invitation Homes |  | SF Rental | 20.17 | 3.16% | Quarter | 18.6 | 30% | 1.9% |
| AMH | American Homes |  | SF Rental | 12.67 | 2.52% | Quarter | 21.4 | 28% | 2.5% |
| TCN | Tricon Residential |  | SF Rental | 2.18 | 2.91% | Quarter | 14.4 | 75% | 1.1% |
| BHM | Bluerock Homes |  | SF Rental | 0.06 | 0.00% | -- | -- | 31% | 1.3% |
| NXDT | NexPoint Diversified |  | SF Rental | 0.32 | 6.98% | Quarter | -- | 85% | 1.1% |
