Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 6

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 6
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%Dallas3,15893.6%2,2481.093.4 %Texas Subtotal5,50594.0%2,1031.045.6 %Midwest United States:Chicago2,46896.9%2,3811.482.8 %Minneapolis1,06195.9%2,3081.181.2 %Midwest United States Subtotal3,52996.6%2,3591.384.0 %Other(5):16546.9%2,0681.040.2 %Total / Average85,13895.8%$2,387$1.27100.0 %Same Store Total / Average76,60197.3%$2,392$1.2892.0 %

(1)As of December 31, 2024.

(2)Represents average occupancy for the year ended December 31, 2024.

(3)Represents average monthly rent for the year ended December 31, 2024.

(4)Represents the percentage of rental revenues and other property income generated in each market for the year ended December 31, 2024.

(5)Represents homes located outside of our 16 core markets as of December 31, 2024, including 161 homes located in Nashville and 4 homes located in other markets that are generally being held for sale.

59

Factors That Affect Our Results of Operations and Financial Condition

Our results of operations and financial condition are affected by numerous factors, many of which are beyond our control. See Part I. Item 1A. “Risk Factors” for more information regarding factors that could materially adversely affect our results of operations and financial condition. Key factors that impact our results of operations and financial condition include market fundamentals, rental rates and occupancy levels, collection rates, turnover rates and days to re-resident homes, property improvements and maintenance, property acquisitions and renovations, and financing arrangements. Sensitivity to many of these factors has been heightened as a result of current macroeconomic conditions, including elevated interest rates, political dissension, and labor shortfalls. Additionally, each of these factors may also impact the results of operations and financial condition of our joint venture investments and those of third parties for whom we perform property and asset management services, which would impact the amount of management fee revenues and income (loss) from investments in unconsolidated joint ventures that we earn.

Market