Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 105

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 105
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 June 30, 2025 and 2024, we owned an average of 85,349 and 84,478 single-family rental homes, respectively.

We believe presenting information about the portion of our total portfolio that has been fully operational for the entirety of both a given reporting period and its prior year comparison period provides investors with meaningful information about the performance of our comparable homes across periods and about trends in our organic business. To do so, we provide information regarding the performance of our Same Store portfolio.

As of June 30, 2025, our Same Store portfolio consisted of 77,721 single-family rental homes.

Three Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024

The following table sets forth a comparison of the results of operations for the three months ended June 30, 2025 and 2024:For the Three MonthsEnded June 30,($ in thousands)20252024$ Change% ChangeRevenues:Rental revenues and other property income$659,107 $637,475 $21,632 3.4 %Management fee revenues22,294 15,976 6,318 39.5 %Total revenues681,401 653,451 27,950 4.3 %Expenses:Property operating and maintenance244,278 234,184 10,094 4.3 %Property management expense35,833 32,633 3,200 9.8 %General and administrative23,591 21,498 2,093 9.7 %Interest expense87,414 90,007 (2,593)(2.9)%Depreciation and amortization185,455 176,622 8,833 5.0 %Casualty losses, impairment, and other3,029 10,353 (7,324)(70.7)%Total expenses579,600 565,297 14,303 2.5 %Gains (losses) on investments in equity and other securities, net(90)1,504 (1,594)(106.0)%Other, net(2,133)(54,012)51,879 96.1 %Gain on sale of property, net of tax46,591 43,267 3,324 7.7 %Losses from investments in unconsolidated joint ventures(4,