Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 7

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 7
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792,509 Total liabilities and equity$18,578,092 $18,700,951 

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

INVITATION HOMES INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except shares and per share data)(unaudited)

For the Three MonthsEnded March 31,20252024Revenues:Rental revenues and other property income$653,071 $632,097 Management fee revenues21,408 13,942 Total revenues674,479 646,039 Expenses:Property operating and maintenance237,449 230,397 Property management expense36,739 31,237 General and administrative29,518 23,448 Interest expense84,254 89,845 Depreciation and amortization183,146 175,313 Casualty losses, impairment, and other4,683 4,137 Total expenses 575,789 554,377 Losses on investments in equity and other securities, net(221)(209)Other, net1,365 5,973 Gain on sale of property, net of tax71,666 50,498 Losses from investments in unconsolidated joint ventures(5,218)(5,138)Net income166,282 142,786 Net income attributable to non-controlling interests(537)(436)Net income attributable to common stockholders165,745 142,350 Net income available to participating securities(228)(192)Net income available to common stockholders — basic and diluted (Note 12)$165,517 $142,158 Weighted average common shares outstanding — basic612,777,606 612,219,520 Weighted average common shares outstanding — diluted613,361,880 613,807,166 Net income per common share — basic$0.27 $0.23 Net income per common share — diluted$0.27 $0.23 

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

INVITATION HOMES INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(in thousands)(unaudited)

For the Three MonthsEnded March 31,20252024Net income$166,282 $142,786 Other comprehensive income (loss)Unrealized gains (