Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 120

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 120
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 increased by $266.5 million from period to period due to an increase in the number of homes acquired from 700 during the six months ended June 30, 2024 to 1,516 homes acquired during the six months ended June 30, 2025. Proceeds from the sale of single-family homes increased $48.9 million due to an increase in the number of homes sold from 627 during the six months ended June 30, 2024 to 749 homes sold during the six months ended June 30, 2025, partially offset by a decrease in average net proceeds per home. Cash used in other investing activities increased $28.4 million from period to period primarily due to an increase in capital expenditures to repair hurricane damage to homes from 2024 storms. Cash invested in joint ventures decreased $26.1 million from period to period as a result of a decrease in contributions during the six months ended June 30, 2025.

55

Financing Activities

Net cash used in financing activities was $402.0 million for the six months ended June 30, 2025 compared to $369.5 million for the six months ended June 30, 2024. The change between periods is primarily due to the following financing transactions. We made $30.0 million of net payments on the Revolving Facility during the six months ended June 30, 2025, and no such net reductions in outstanding indebtedness occurred during the six months ended June 30, 2024. We also made dividend and distribution payments totaling $358.1 million during the six months ended June 30, 2025 compared to $346.5 million during the six months ended June 30, 2024, which were funded by cash flows from operations.

Contractual Obligations

Our contractual obligations as of June 30, 2025, consist of the following: 

($ in thousands)Total2025(1)2026-20272028-2029ThereafterSecured Debt(2)(3)$1,554,725 $28,072 $1,076,836 $28,769 $421,048 Unsecured Notes(2)(3)4,816,360 69,555 278,220 1,007,148 3,461,437 Term Loan Facilities(2)(3)(4)(5)3,051,280 66,