Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 60

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 60
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 do so, we provide information regarding the performance of our Same Store portfolio.

As of March 31, 2025, our Same Store portfolio consisted of 78,078 single-family rental homes.

Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

The following table sets forth a comparison of the results of operations for the three months ended March 31, 2025 and 2024:For the Three MonthsEnded March 31,($ in thousands)20252024$ Change% ChangeRevenues:Rental revenues and other property income$653,071 $632,097 $20,974 3.3 %Management fee revenues21,408 13,942 7,466 53.6 %Total revenues674,479 646,039 28,440 4.4 %Expenses:Property operating and maintenance237,449 230,397 7,052 3.1 %Property management expense36,739 31,237 5,502 17.6 %General and administrative29,518 23,448 6,070 25.9 %Interest expense84,254 89,845 (5,591)(6.2)%Depreciation and amortization183,146 175,313 7,833 4.5 %Casualty losses, impairment, and other4,683 4,137 546 13.2 %Total expenses575,789 554,377 21,412 3.9 %Losses on investments in equity and other securities, net(221)(209)(12)(5.7)%Other, net1,365 5,973 (4,608)(77.1)%Gain on sale of property, net of tax71,666 50,498 21,168 41.9 %Losses from investments in unconsolidated joint ventures(5,218)(5,138)(80)(1.6)%Net income$166,282 $142,786 $23,496 16.5 %

Revenues

For the three months ended March 31, 2025 and 2024, total revenues were $674.5 million and $646.0 million, respectively. Set forth below is a discussion of changes in the individual components of total revenues.

For the three months ended March 31,