Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 108

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 108
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 given reporting period and its prior year comparison period provides investors with meaningful information about the performance of our comparable homes across periods and about trends in our organic business. To do so, we provide information regarding the performance of our Same Store portfolio.

As of September 30, 2025, our Same Store portfolio consisted of 77,284 single-family rental homes.

Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024

The following table sets forth a comparison of the results of operations for the three months ended September 30, 2025 and 2024:For the Three MonthsEnded September 30,($ in thousands)20252024$ Change% ChangeRevenues:Rental revenues and other property income$666,191 $641,342 $24,849 3.9 %Management fee revenues21,975 18,980 2,995 15.8 %Total revenues688,166 660,322 27,844 4.2 %Expenses:Property operating and maintenance259,037 242,228 16,809 6.9 %Property management expense37,073 34,382 2,691 7.8 %General and administrative18,444 21,727 (3,283)(15.1)%Interest expense90,781 91,060 (279)(0.3)%Depreciation and amortization188,457 180,479 7,978 4.4 %Casualty losses, impairment, and other3,420 20,872 (17,452)(83.6)%Total expenses597,212 590,748 6,464 1.1 %Gains (losses) on investments in equity and other securities, net380 (257)637 247.9 %Other, net(1,769)(9,345)7,576 81.1 %Gain on sale of property, net of tax45,515 47,766 (2,251)(4.7)%Income (losses) from investments in unconsolidated joint ventures2,130 (12,160)14,290 117.5 %Net income$137,210 $95,578 $41,632 43.6 %

Revenues

For the three months ended September 30, 2025 and 2024, total