Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 5

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 5
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94.5%2,1031.006.1 %Southeast United States Subtotal18,77995.1%2,1051.0118.7 %Texas:Houston2,51191.5%1,9570.992.3 %Dallas3,54389.3%2,2701.123.7 %Texas Subtotal6,05489.3%2,1441.076.0 %Midwest United States:Chicago2,45394.6%2,5211.572.8 %Minneapolis1,04293.9%2,4351.241.2 %Midwest United States Subtotal3,49594.4%2,4961.464.0 %Other(5):35475.4%2,1421.130.3 %Total / Average86,13994.8%$2,447$1.30100.0 %Same Store Total / Average77,28496.5%$2,461$1.3191.9 %

(1)As of September 30, 2025.

(2)Represents average occupancy for the three months ended September 30, 2025.

(3)Represents average monthly rent for the three months ended September 30, 2025.

(4)Represents the percentage of rental revenues and other property income generated in each market for the three months ended September 30, 2025.

(5)Represents homes located outside of our 16 core markets as of September 30, 2025, primarily in Nashville and San Antonio. 

44

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” of our Annual Report on Form 10-K 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 inflation, elevated interest rates, political dissension, labor shortfalls, and adverse global economic conditions. Additionally, each