Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 92

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 92
---
 June 30, 2025, for the periods below:YearOperatingLeasesFinanceLeasesRemainder of 2025$2,596 $1,977 20264,340 3,832 20274,091 3,361 20283,477 1,493 20292,957 362 Thereafter15,755 — Total lease payments33,216 11,025 Less: imputed interest(7,645)(958)Total lease liability$25,571 $10,067  The components of lease expense for the three and six months ended June 30, 2025 and 2024 are as follows:For the Three MonthsEnded June 30,For the Six MonthsEnded June 30,2025202420252024Operating lease cost:Fixed lease cost$1,374 $1,006 $2,666 $1,843 Variable lease cost442 367 778842 Total operating lease cost$1,816 $1,373 $3,444 $2,685 Finance lease cost:Amortization of ROU assets$1,016 $877 $1,956 $1,796 Interest on lease liabilities149 132277284 Total finance lease cost$1,165 $1,009 $2,233 $2,080 

37

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

New-Build CommitmentsWe have entered into binding purchase agreements with certain homebuilders for the purchase of 1,286 homes over the next three years. Remaining commitments under these agreements total approximately $370,000 as of June 30, 2025.Insurance PoliciesPursuant to the terms of certain of our loan agreements (see Note 7), laws and regulations of the jurisdictions in which our properties are located, and general business practices, we are required to procure insurance on our properties. As of June 30, 2025, there are no material contingent liabilities related to uninsured losses with respect to our properties. Legal and Other MattersWe are subject to various legal proceedings and claims that arise in the ordinary course of our business as well as governmental and regulatory inquiries and engagements. We accrue a liability when we believe that it is both probable that a liability has been incurred and that we can reasonably estimate the amount of