Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 37

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 37
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$0.94 AFFO per common share — diluted(4)(5)$0.41 $0.40 $0.84 $0.81 

(1)Includes our share from unconsolidated joint ventures.

(2)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 2024, $3,217 and $3,272, was recorded in property management expense, respectively, and $15,404 and $12,120 was recorded in general and administrative expense, respectively.

(3)For the three and six months ended June 30, 2024, included a $22,000 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 $37,500 accrual for an estimated probable loss with respect to an inquiry from the FTC that was ongoing as of June 30, 2024 and subsequently settled during the third quarter of 2024.

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(4)Incremental shares attributed to non-vested share-based awards totaling $213,711 and $1,194,581 for the three months ended June 30, 2025 and 2024, respectively, and $398,992 and $1,391,114 for the six months ended June 30, 2025 and 2024, respectively, are included in weighted average common shares outstanding in the calculation of net income per common share — diluted. For the computations of FFO, Core FFO, and AFFO per common share — diluted, common share equivalents of 627,961 and 1,447,702 for the three months ended June 30, 2025 and 2024, respectively, and  758,597 and 1,671,024 for the six months ended June 30, 2025 and 2024, respectively, related to incremental shares attributed to non-vested share-based awards are included in the denominator.

(5)Vested units of partnership interests in INVH LP (“OP Units”) have been excluded from the computation of net income per common share — diluted for the periods above because all net income