Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 21

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 21
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18

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

Future minimum rental revenues and other property income under leases on our single-family residential properties in place as of March 31, 2025 are as follows:YearLease Payments to be ReceivedRemainder of 2025$1,302,049 2026429,118 202716,834 2028— 2029— Thereafter— Total$1,748,001 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). Our services include resident support, maintenance, marketing, and administrative functions. As of March 31, 2025 and 2024, we provided property and asset management services for 24,996 and 18,122 homes, respectively, of which 7,660 and 3,844 homes, respectively, were owned by our unconsolidated joint ventures. For the three months ended March 31, 2025 and 2024, we earned management fees totaling $21,408 and $13,942, respectively. These revenues are included in management fee revenues in the condensed consolidated statements of operations.Investments in Equity and Other Securities We hold investments in equity and other securities both with and without a readily determinable fair value. Investments with a readily determinable fair value are measured at fair value, and those without a readily determinable fair value are measured at cost, less any impairment, plus or minus changes resulting from observable price changes for identical or similar investments in the same issuer. As of March 31, 2025 and December 31, 2024, the values of our investments in equity and other securities are as follows: March 31,2025December 31, 2024Investments without a readily determinable fair value$60,457 $59,405 Investments with a readily determinable fair value495 715 Total$60,952 $60,120 The components of losses on investments in equity and other securities, net for the three months ended March 31, 2025 and 2024 are as follows: For the Three MonthsEnded March 31,20252024Net unrealized losses on investments still held at the reporting date — with