Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 83

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 83
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INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

                                   Location of LossRecognized inNet Income on DerivativeAmount of Gain (Loss) Recognized in Net Income on DerivativesFor the Three Months Ended September 30,20252024Derivatives not designated as hedging instruments:Interest rate capsInterest expense$— $— The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the nine months ended September 30, 2025 and 2024:Amount of Gain (Loss) Recognized in OCI on DerivativesLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain Reclassified from Accumulated OCI into Net IncomeTotal Amount of Interest Expense Presented in the Condensed Consolidated Statements of OperationsFor the Nine Months                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Ended September 30,For the Nine Months                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Ended September 30,For the Nine Months                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Ended September 30,202520242025202420252024    Derivatives in cash flow hedging relationships:Interest rate swaps$(27,291)$21,734 Interest expense$26,053 $64,251 $262,449 $270,912  Location ofLossRecognized inNet Income on DerivativeAmount of Loss Recognized in Net Income on DerivativesFor the Nine Months Ended September 30,20252024Derivatives not designated as hedging instruments:Interest rate capsInterest expense$— $1 Credit-Risk-Related Contingent FeaturesThe agreements with our derivative counterparties which govern our interest rate swap agreements contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on the indebtedness.As of September 30, 2025, the fair value of certain derivatives in a net liability position was $2,568. If we had breached any of these provisions at September 30, 2025, we could have been required to settle the obligations under the agreements at their termination value, which includes accrued interest and excludes the nonperformance risk related to these agreements, of $2,605.

Note 9—Stockholders’ Equity

As of September 30, 2025, we have issued