Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 81

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 81
---
 designated as hedging instruments:Interest rate capsInterest expense$— $— The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the six months ended June 30, 2025 and 2024:Amount of Gain (Loss) Recognized in OCI on DerivativeLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain Reclassified from Accumulated OCI into Net IncomeTotal Amount of Interest Expense Presented in the Condensed Consolidated Statements of OperationsFor the Six months Ended June 30,For the Six Months Ended June 30,For the Six Months Ended June 30,202520242025202420252024    Derivatives in cash flow hedging relationships:Interest rate swaps$(29,726)$43,321 Interest expense$19,844 $43,029 $171,668 $179,852  Location ofLossRecognized inNet Income on DerivativeAmount of Loss Recognized in Net Income on DerivativeFor the Six Months Ended June 30,20252024Derivatives not designated as hedging instruments:Interest rate capsInterest expense$— $1 Credit-Risk-Related Contingent FeaturesThe agreements with our derivative counterparties which govern our interest rate swap agreements contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on the indebtedness.As of June 30, 2025, the fair value of certain derivatives in a net liability position was $2,219. If we had breached any of these provisions at June 30, 2025, we could have been required to settle the obligations under the agreements at their termination value, which includes accrued interest and excludes the nonperformance risk related to these agreements, of $2,273.

Note 9—Stockholders’ Equity

As of June 30, 2025, we have issued 613,008,220 shares of common stock. In addition, we issue OP Units from time to time which, upon vesting, are redeemable for shares of our common stock on a one-for-one basis or, in our sole discretion, cash and are reflected as non-controlling interests on our condensed consolidated balance sheets and statements of equity. As of June 30, 2025, 2,099,937 outstanding OP Units are redeemable