Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 134

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 134
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)2025202420252024Net income available to common stockholders$136,474 $95,084 $442,656 $310,223 Add (deduct) adjustments from net income to derive FFO:Net income available to participating securities264 185 714 584 Non-controlling interests472 309 1,489 988 Depreciation and amortization on real estate assets183,653 176,174 543,775 521,411 Impairment on depreciated real estate investments335 270 434 330 Net gain on sale of previously depreciated investments in real estate(45,515)(47,766)(163,772)(141,531)Depreciation and net gain on sale of investments in unconsolidated joint ventures(1,992)4,060 5,016 10,076 FFO273,691 228,316 830,312 702,081 Non-cash interest expense related to amortization of deferred financing costs, loan discounts, and non-cash interest expense from derivatives(1)9,128 14,085 18,486 32,207 Share-based compensation expense(2)1,916 5,417 20,537 20,809 Legal settlements(3)— 17,500 — 77,000 Severance expense— 209 2,420 388 Casualty losses and reserves, net(1)(4)3,116 20,729 10,799 35,174 (Gains) losses on investments in equity and other securities, net(380)257 (69)(1,038)Core FFO287,471 286,513 882,485 866,621 Recurring capital expenditures(1)(52,350)(51,505)(132,969)(135,262)Adjusted FFO$235,121 $235,008 $749,516 $731,359 Net income available to common stockholdersWeighted average common shares outstanding — diluted(5)(6)613,084,571 613,645,188 613,237,288 613,759,171 Net income per common share — diluted(5)(6)$0.22 $0.15 $0.72 $0.51 FFO, Core FFO, and Adjusted FFOWeighted average common shares and OP Units outstanding