• Invitation Home average price to free cash flow ratio for 2023 was 16.02, a 25.87% decline from 2022.
• Invitation Home average price to free cash flow ratio for 2022 was 21.61, a 4.72% decline from 2021.
• Invitation Home average price to free cash flow ratio for 2021 was 22.68, a 83.05% decline from 2020.

Price to free cash flow ratio can be defined as