Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 65

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 65
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ments for utilities, and various other fees, including late fees and lease termination fees, among others. Variable lease payments are charged based on the terms and conditions included in the resident leases. For the three months ended June 30, 2025 and 2024, rental revenues and other property income includes $40,841 and $40,077 of variable lease payments, respectively. For the six months ended June 30, 2025 and 2024, rental revenues and other property income includes $84,521 and $81,922 of variable lease payments, respectively.Future minimum rental revenues and other property income under leases on our single-family residential properties in place as of June 30, 2025 are as follows:YearLease Payments to be ReceivedRemainder of 2025$1,003,826 2026692,885 202753,110 2028— 2029— Thereafter— Total$1,749,821 Management fee revenues and the corresponding receivables are related to property and asset management services provided to portfolio owners of single-family homes for lease, including investments in our unconsolidated joint ventures (see Note 5). Our services include resident support, maintenance, marketing, and administrative functions. As of June 30, 2025 and 2024, we provided property and asset management services for 24,483 and 21,146 homes, respectively, of which 7,698 and 3,885 homes, respectively, were owned by our unconsolidated joint ventures. For the three months ended June 30, 2025 and 2024, we earned management fees totaling $22,294 and $15,976, respectively. For the six months ended June 30, 2025 and 2024, we earned management fees totaling $43,702 and $29,918, respectively. These revenues are included in management fee revenues in the condensed consolidated statements of operations.Investments in Equity and Other Securities We hold investments in equity and other securities both with and without a readily determinable fair value. Investments with a readily determinable fair value are measured at fair value, and those without a readily determinable fair value are measured at cost, less any impairment, plus or minus changes resulting from observable price changes for identical or similar investments in the same issuer. As of June 30, 2025 and December 31, 2024, the values of our investments in equity and other securities are as follows: June