Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 11

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 11
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91,627 $89,012 Interest capitalized as investments in single-family residential properties, net770 719 Cash refund of income taxes(37)(52)Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases1,012 1,738 Financing cash flows from finance leases671 1,249 Non-cash investing and financing activities:Accrued renovation improvements at period end$954 $1,087 Accrued residential property capital improvements at period end8,618 5,799 Transfer of residential property, net to other assets, net for held for sale assets30,771 36,349 Change in other comprehensive income (loss) from cash flow hedges(26,014)8,852 ROU assets obtained in exchange for operating lease liabilities2,741 161 ROU assets obtained in exchange for finance lease liabilities178 3,058 Dividends declared but not paid177,963 —                                                               

11

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

The accompanying notes are an integral part of these condensed consolidated financial statements.

12

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

Note 1—Organization and Formation

Invitation Homes Inc. (“INVH”) is a real estate investment trust (“REIT”) that conducts its operations through Invitation Homes Operating Partnership LP (“INVH LP”). INVH LP was formed for the purpose of owning, renovating, leasing, and operating single-family residential properties. Through THR Property Management L.P., a wholly owned subsidiary of INVH LP, and its wholly owned subsidiaries (collectively, the “Manager”), we provide all management and other administrative services with respect to the properties we own. The Manager also provides professional property and asset management services to portfolio owners of single-family homes for lease, including our investments in unconsolidated joint ventures.On February 6, 2017, INVH completed an initial public offering (“IPO”), changed its jurisdiction of incorporation to Maryland, and amended its charter to provide for the issuance of up to 9,000,000,000 shares of common stock and 900,000,000 shares of preferred stock, in each case $0.01 par value per share. In connection