Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 9

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 9
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 Stockholders' EquityNon-Controlling InterestsTotal EquityBalance as of December 31, 2023611,958,239 $6,120 $11,156,736 $(1,070,586)$63,701 $10,155,971 $34,464 $10,190,435 Capital distributions— — — — — — (553)(553)Net income— — — 142,350 — 142,350 436 142,786 Dividends and dividend equivalents declared ($0.28 per share)— — — (171,721)— (171,721)— (171,721)Issuance of common stock — settlement of RSUs, net of tax526,859 5 (9,936)— — (9,931)— (9,931)Share-based compensation expense— — 6,903 — — 6,903 997 7,900 Total other comprehensive income— — — — 11,125 11,125 48 11,173 Balance as of March 31, 2024612,485,098 $6,125 $11,153,703 $(1,099,957)$74,826 $10,134,697 $35,392 $10,170,089  

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

9

INVITATION HOMES INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited)

For the Three MonthsEnded March 31,20252024Operating Activities:Net income$166,282 $142,786 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization183,146 175,313 Share-based compensation expense10,157 7,900 Amortization of deferred financing costs4,982 4,200 Amortization of debt discounts781 660 Provisions for impairment63 60 Losses on investments in equity and other securities, net221 209 Gain on sale of property, net of tax(71,666)(50,498)Change in fair value of derivative instruments(3,731)2,322 Losses from investments in unconsolidated joint ventures, net of operating distributions5,