Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 165

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 165
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 assets(1)49,434 46,203 Corporate fixed assets, net42,704 31,474 ROU lease assets — operating and finance, net28,830 13,532 Deferred financing costs, net23,579 2,972 Other43,478 16,034 Total$569,320 $528,896 (1)As of December 31, 2024 and 2023, 237 and 189 properties, respectively, are classified as held for sale.Rent and Other Receivables, netWe lease our properties to residents pursuant to leases that generally have an initial contractual term of at least 12 months, provide for monthly payments, and are cancelable by the resident and us under certain conditions specified in the related lease agreements. Rental revenues and other property income and the corresponding rent and other receivables are recorded net of any concessions and bad debt (including actual write-offs, credit reserves, and uncollectible amounts) for all periods presented.Variable lease payments consist of resident reimbursements 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 years ended December 31, 2024, 2023, and 2022, rental revenues and other property income includes $163,700, $153,016, and $139,829 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 December 31, 2024 are as follows:YearLease Payments to be Received2025$1,487,130 2026249,553 2027— 2028— 2029— Thereafter— Total$1,736,683 

F-20

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

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). As of December 31, 2024, 2023, and 2022, we provided property and asset management services for 25,300, 3,848, and 3,570 homes, respectively, of which 7,622, 3,848, and 3,