Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 22

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 22
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 a readily determinable fair value$(221)$(209)Total $(221)$(209)Investments in Debt Securities, netIn connection with certain of our Securitizations (as defined in Note 7), we have retained and purchased certificates totaling $54,707, net of unamortized discounts of $792 as of March 31, 2025. These investments in debt securities are classified as held to maturity investments. As of March 31, 2025, we have not recognized any credit losses with respect to these investments in debt securities, and our retained certificates are scheduled to mature in two years.

19

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

Right-of-Use (“ROU”) Lease Assets — Operating and Finance, netThe following table presents supplemental information related to leases into which we have entered as a lessee as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024OperatingLeasesFinanceLeasesOperatingLeasesFinanceLeasesOther assets$21,484 $8,497 $19,772 $9,058 Other liabilities (Note 14)23,970 8,108 21,904 8,636 Weighted average remaining lease term7.7 years2.9 years7.6 years3.1 yearsWeighted average discount rate6.0%6.0%5.6%6.0%Deferred Financing Costs, netIn connection with the Revolving Facility (as defined in Note 7), we incurred $25,626 of financing costs, which have been deferred as other assets, net on our condensed consolidated balance sheets. We amortize deferred financing costs as interest expense on a straight-line basis over the term of the Revolving Facility and accelerate amortization if debt is retired before the maturity date, as appropriate. As of March 31, 2025 and December 31, 2024, the unamortized balances of these deferred financing costs are $22,036 and $23,579, respectively.OtherOther is primarily comprised of deferred costs related to property and asset management contracts that are being amortized over the estimated lives of the underlying contracts and other deferred costs, including those that will be capitalized as corporate fixed assets upon deployment of the software.

Note 7—Debt

Secured DebtThe