America’s biggest home renter is among this year’s best performing US stocks
Skyrocketing home rental prices are making America’s largest single-family landlord a top performing stock. Shares of Invitation Homes have soared more than 40% this year, which is double that of the S&P 500 Index of large US stocks. Rents across the country have jumped 11% in 2021 as of June, according to online marketplace Apartment List, pushing the cost of renting a house well ahead of pre-pandemic trends.