Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 90

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 90
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 INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Nonrecurring Fair Value MeasurementsOur assets measured at fair value on a nonrecurring basis are those assets for which we have recorded impairments.Single-Family Residential PropertiesThe single-family residential properties for which we have recorded impairments, measured at fair value on a nonrecurring basis, are summarized below:For the Three MonthsEnded June 30,For the Six MonthsEnded June 30,2025202420252024Investments in single-family residential properties, net held for sale (Level 3):Pre-impairment amount$322 $— $949 $413 Total impairments(36)— (99)(60)Fair value$286 $— $850 $353 We did not record any impairments for our investments in single-family residential properties, net held for use during the three and six months ended June 30, 2025 and 2024. For additional information related to our single-family residential properties as of June 30, 2025 and December 31, 2024, refer to Note 3.

Note 12—Earnings per Share

Basic and diluted EPS are calculated as follows:For the Three MonthsEnded June 30,For the Six MonthsEnded June 30,2025202420252024(in thousands, except share and per share data)Numerator:Net income available to common stockholders — basic and diluted$140,665 $72,981 $306,182 $215,139 Denominator:Weighted average common shares outstanding — basic613,048,193 612,628,758 612,913,649 612,424,139 Effect of dilutive securities:Incremental shares attributed to non-vested share-based awards213,711 1,194,581 398,992 1,391,114 Weighted average common shares outstanding — diluted613,261,904 613,823,339 613,312,641 613,815,253 Net income per common share — basic$0.23 $0.12 $0.50 $0.35 Net income per common share — diluted$0.23 $0.12 $0.50 $0.35  Incremental shares attributed to non-vested share-based awards are excluded from the computation of diluted EPS when they