Invitation Homes
CompletedFormerly Starwood Waypoint Residential Trust
Spin-offSpun off from Starwood Property TrustSTWDNYSE
The two companies
Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.
- Sector
- Real Estate
- Industry
- Real Estate Investment Trusts
- Exchange
- —
- State of incorporation
- Record date
- January 24, 2014
- Distribution date
- January 31, 2014
- Ratio
- 1:5
- Parent sector
- Real Estate Investment Trusts
- Form
- 10-12B/A
- Filed
- January 13, 2014
Financials — parent vs spin-off
SEC XBRL · latest year- Revenue
- $1.84B
- Operating income
- —
- Net income
- $412M
- Total assets
- $63.18B
- Equity
- $6.80B
- Revenue
- $139M
- Operating income
- —
- Net income
- −$44M
- Total assets
- $6.62B
- Equity
- $2.44B
Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.
Spin-off signals
score 1/6 favorable · factors, not advice- Focus-increasingNo — both Real Estate
Spin-offs into a different sector than the parent (pure-plays) have historically outperformed diversifying ones.
- Size vs parent (revenue)~7.6% of parent
Smaller spin-offs draw more forced selling from holders who can't keep them — the classic mispricing edge.
- Leverage (liabilities/assets)60%
A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.
- Tax-basis reportNone found
A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.
- Insider buying (post-spin)None recorded
Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.
- Time since spin-off12.3 years
Studies find the spin-off return premium concentrates in roughly the first one to three years.
Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗
Filings & documents
Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.