Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 81

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 81
---
September 25, 2024December 31, 2024May 31, 20293.12%One month Term SOFR200,000 May 8, 2025May 8, 2025May 31, 20283.51%One month Term SOFR200,000 June 20, 2025June 20, 2025May 31, 20283.60%One month Term SOFR200,000 March 22, 2023July 9, 2025May 31, 20292.99%One month Term SOFR300,000 During the nine months ended September 30, 2025 and 2024, interest rate swap instruments were used to hedge the variable cash flows associated with existing variable-rate interest payments. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. During the next 12 months, we estimate that $8,447 will be reclassified to earnings as a decrease in interest expense.Non-Designated HedgesHistorically, we have entered into and maintained interest rate cap agreements in connection with certain loan agreements. As of September 30, 2025 and December 31, 2024, we did not have any interest rate caps.Fair Values of Derivative Instruments on the Condensed Consolidated Balance SheetsThe table below presents the fair value of our derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:Asset DerivativesLiability DerivativesFair Value as ofFair Value as ofBalanceSheet LocationSeptember 30,2025December 31, 2024BalanceSheet LocationSeptember 30,2025December 31, 2024Derivatives designated as hedging instruments:Interest rate swapsOther assets$16,243 $61,479 Other liabilities$2,568 $— Derivatives not designated as hedging instruments:Interest rate capsOther assets— — Other liabilities— — Total$16,243 $61,479 $2,568 $— 

29

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

Offsetting DerivativesWe enter into master netting arrangements, which reduce risk by permitting