Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 67

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 67
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 in Note 7), we incurred $25,626 of financing costs, which have been deferred as other assets, net on our condensed consolidated balance sheets. We amortize deferred financing costs as interest expense on a straight-line basis over the term of the Revolving Facility and accelerate amortization if debt is retired before the maturity date, as appropriate. As of June 30, 2025 and December 31, 2024, the unamortized balances of these deferred financing costs are $20,434 and $23,579, respectively.OtherOther is primarily comprised of deferred costs related to property and asset management contracts that are being amortized over the estimated lives of the underlying contracts and other deferred costs, including those that will be capitalized as corporate fixed assets upon deployment of the software.

21

INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Note 7—Debt

Secured DebtThe following table sets forth a summary of our secured debt as of June 30, 2025 and December 31, 2024:Outstanding PrincipalBalance(1)OriginationDateMaturityDateInterestRateJune 30,2025December 31, 2024IH 2017-1(2)(3)April 28, 2017June 9, 20274.23%$987,310 $988,271 IH 2019-1(4)June 7, 2019June 9, 20313.59%400,385 403,046 Total Secured Debt1,387,695 1,391,317 Less: deferred financing costs, net (4,730)(5,744)Total $1,382,965 $1,385,573 (1)Outstanding principal balance is net of discounts and does not include deferred financing costs, net.(2)IH 2017-1 is comprised of two components, and Component A benefits from the Federal National Mortgage Association’s guaranty of timely payment of principal and interest. IH1 2017-1 bears interest at a fixed rate of 4.23% per annum, equal to the market determined pass-through rate payable on the certificates including applicable servicing fees. Interest payments are made monthly.(3)Net of unamortized discount of $703 and $880 as of June 30, 2025 and December 31,