Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 93

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 93
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 of September 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 September 30,For the Nine MonthsEnded September 30,2025202420252024(in thousands, except share and per share data)Numerator:Net income available to common stockholders — basic and diluted$136,474 $95,084 $442,656 $310,223 Denominator:Weighted average common shares outstanding — basic613,084,571 612,674,802 612,971,293 612,508,300 Effect of dilutive securities:Incremental shares attributed to non-vested share-based awards— 970,386 265,995 1,250,871 Weighted average common shares outstanding — diluted613,084,571 613,645,188 613,237,288 613,759,171 Net income per common share — basic$0.22 $0.16 $0.72 $0.51 Net income per common share — diluted$0.22 $0.15 $0.72 $0.51  

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INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Incremental shares attributed to non-vested share-based awards are excluded from the computation of diluted EPS when they are anti-dilutive. For the three months ended September 30, 2025 and 2024, 294,161 and 236,918 incremental shares attributed to non-vested share-based awards, respectively, are excluded from the denominator because they are anti-dilutive. For the nine months ended September 30, 2025 and 2024, 380,703 and 116,791 incremental shares attributed to non-vested share-based awards, respectively, are excluded from the denominator because they are anti-dilutive. For the three and nine months ended September 30, 2025 and 2024, vested OP Units have been excluded from the computation of EPS because all income attributable to such vested OP Units has been recorded as non-controlling interest and thus excluded from net income available to common stockholders.

Note 13—Income Tax

We account for income taxes under the asset and liability method