Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 14

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 14
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 30, 2024. Additionally, the amendment of certain of our interest rate swap agreements during 2024 reduced related non-cash fair value amortization by $4.7 million for the three months ended June 30, 2025 compared to the three months ended June 30, 2024.

48

Depreciation and amortization expense increased to $185.5 million for the three months ended June 30, 2025 from $176.6 million for the three months ended June 30, 2024 due to an increase in cumulative capital expenditures and a 1,034 home increase in the average number of homes owned during the three months ended June 30, 2025 compared to the three months ended June 30, 2024.

Casualty losses, impairment, and other expenses were $3.0 million and $10.4 million for the three months ended June 30, 2025 and 2024, respectively. Expense during both periods is primarily comprised of casualty and other insurance losses. 

Gains (Losses) on Investments in Equity and Other Securities, net

For the three months ended June 30, 2025, gains (losses) on investments in equity and other securities, net of $0.1 million was comprised of net unrealized losses recognized on investments held at period end. For the three months ended June 30, 2024, gains on investments in equity and other securities, net of $1.5 million was comprised of a $1.6 million net realized gain from exercised warrants and $0.1 million net unrealized losses recognized on investments held as of June 30, 2024. 

Other, net

Other, net decreased to $2.1 million of expense for the three months ended June 30, 2025 from $54.0 million of expense for the three months ended June 30, 2024, primarily due to a $22.0 million accrual for a settlement that resolved the legal dispute entitled City of San Diego et al v. Invitation Homes, Inc., inclusive of associated costs, as well as a $37.5 million accrual for an estimated probable loss with respect to an inquiry from the Federal Trade Commission (“FTC”) that was ongoing as of June 30, 2024 and subsequently settled during the third quarter of 2024.

Gain on Sale of Property,