Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 45

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 45
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ving Facility470,642 Discounted Cash FlowEffective Rate3.98%—5.19%(1)Our Level 3 fair value instruments require interest only payments.

34

INVITATION HOMES 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 March 31,20252024Investments in single-family residential properties, net held for sale (Level 3):Pre-impairment amount$627 $413 Total impairments(63)(60)Fair value$564 $353 We did not record any impairments for our investments in single-family residential properties, net held for use during the three months ended March 31, 2025 and 2024. For additional information related to our single-family residential properties as of March 31, 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 Months Ended March 31,20252024(in thousands, except share and per share data)Numerator:Net income available to common stockholders — basic and diluted$165,517 $142,158 Denominator:Weighted average common shares outstanding — basic612,777,606 612,219,520 Effect of dilutive securities:Incremental shares attributed to non-vested share-based awards584,274 1,587,646 Weighted average common shares outstanding — diluted613,361,880 613,807,166 Net income per common share — basic$0.27 $0.23 Net income per common share — diluted$0.27 $0.23  Incremental shares attributed to non-vested share-based awards are excluded from the computation of diluted EPS when they are anti-dilutive. Because their inclusion would have been anti-dilutive, incremental shares attributed to non-vested share-based awards are excluded from the denominator. For the three months ended March 31, 2025 and 2024, 471,310 and 113,454 incremental shares attributed