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

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 31
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 EBITDAre for each of the periods indicated:

For the Three Months Ended June 30,For the Six Months Ended June 30,($ in thousands)2025202420252024Net income available to common stockholders$140,665 $72,981 $306,182 $215,139 $215,139 Net income available to participating securities222 207 450 399 Non-controlling interests480 243 1,017 679 Interest expense87,414 90,007 171,668 179,852 Interest expense in unconsolidated joint ventures5,943 5,549 11,569 10,784 Depreciation and amortization185,455 176,622 368,601 351,935 Depreciation and amortization of investments in unconsolidated joint ventures3,791 3,358 7,453 6,285 EBITDA423,970 348,967 866,940 765,073 Gain on sale of property, net of tax(46,591)(43,267)(118,257)(93,765)Impairment on depreciated real estate investments36 — 99 60 Net (gain) loss on sale of investments in unconsolidated joint ventures(261)167 (406)(214)EBITDAre377,154 305,867 748,376 671,154 Share-based compensation expense(1)8,464 7,492 18,621 15,392 Severance expense35 89 2,420 179 Casualty losses and reserves, net(2)3,000 10,363 7,683 14,445 (Gains) losses on investments in equity and other securities, net90 (1,504)311 (1,295)Other, net(3)2,133 54,012 768 48,039 Adjusted EBITDAre$390,876 $376,319 $778,179 $747,914 

(1)For the three months ended June 30, 2025 and 2024, $1,566 and $1,674 was recorded in property management expense, respectively, and $6,898 and $5,818 was recorded in general and administrative expense, respectively. For the six months ended June 30, 2025 and