Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 95

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 95
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 348 1,276 1,190 Total operating lease cost$2,040 $1,557 $5,484 $4,242 Finance lease cost:Amortization of ROU assets$1,173 $1,304 $3,129 $3,100 Interest on lease liabilities159 154436438 Total finance lease cost$1,332 $1,458 $3,565 $3,538 New-Build CommitmentsWe have entered into binding purchase agreements with certain homebuilders for the purchase of 904 homes over the next three years. Remaining commitments under these agreements total approximately $260,000 as of September 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 September 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 the loss. We do not believe that the final outcome of these proceedings or matters will have a material adverse effect on our condensed consolidated financial statements.

Note 15—Segment Reporting

Our principal business is investment in and management of single-family residential properties for lease. As of September 30, 2025, we wholly own 86,139 homes for lease, jointly own 7,897 homes for lease, and provide professional third-party property and asset management services for an additional 16,151 homes, all of which are primarily located in 16 core markets across the country. We have determined that these properties are managed on a consolidated basis and represent one reportable segment.Our Chief Executive Officer is our chief operating decision maker (“CODM”). We concluded that we have one reportable segment based on the way our CODM regularly reviews internally reported financial information to evaluate performance, make operating decisions, and allocate resources at a consolidated level. Net income as reported on our condensed consolidated statements of operations is a primary metric utilized by the CODM to analyze the performance of the segment, including budget versus actual performance, and to allocate resources. The