Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 127

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 127
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” at the corporate and stockholder levels that generally results
from an investment in a C corporation. A “C corporation” is a corporation that generally is required to pay tax at the corporate level. Double taxation means taxation once at the corporate level when income is earned and once again at the
stockholder level when the income is distributed. In general, the income that we generate is taxed only at the stockholder level upon a distribution of dividends to our stockholders.

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If we qualify as a REIT, we will nonetheless be subject to U.S. federal tax in the following circumstances:

| • |     | We will pay U.S. federal income tax on our taxable income, including net capital gain, that we do not distribute 
 to stockholders during, or within a specified time after, the calendar year in which the income is earned.       |

| • |     | If we have net income from “prohibited transactions,” which are, in general, sales or other                                                                                              
 dispositions of property held primarily for sale to customers in the ordinary course of a trade or business, other than foreclosure property, such income will be subject to a 100% tax. |

| • |     | If we elect to treat property that we acquire in connection with a foreclosure of a mortgage loan or from certain                                                                                                                            
 leasehold terminations as “foreclosure property,” we may thereby avoid (a) the 100% tax on gain from a resale of that property (if the sale would otherwise constitute a prohibited transaction) and (b) the inclusion of any income         
 from such property not qualifying for purposes of the REIT gross income tests discussed below, but the income from the sale or operation of the property may be subject to U.S. federal corporate income tax at the highest applicable rate. |

| • |     | If due to reasonable cause and not willful neglect we fail to satisfy either the 75% gross income test or the 95%                                                                                                                                     
 gross income test discussed below, but nonetheless maintain our qualification as a REIT because other requirements are met, we will be subject to a 100% tax on the greater of the amount by which we fail the 75% gross income test or the 95% gross 
 income test, multiplied in either case by a fraction intended to reflect our profitability.                                                                                                                                                           |

| • |     | If we fail to satisfy the asset tests (other than a de minimis failure of the 5% asset test or the 10% vote or                                                                                                                                        
 value test