Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 117

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 117
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 Net gain on sale of previously depreciated investments in real estate(71,666)(50,498)Depreciation and net gain on sale of investments in unconsolidated joint ventures3,498 2,519 FFO277,240 266,785 Non-cash interest expense related to amortization of deferred financing costs, loan discounts, and non-cash interest expense from derivatives(1)3,634 9,217 Share-based compensation expense(2)10,157 7,900 Severance expense2,385 90 Casualty losses and reserves, net(1)4,683 4,082 Losses on investments in equity and other securities, net221 209 Core FFO298,320 288,283 Recurring capital expenditures(1)(37,347)(37,122)Adjusted FFO$260,973 $251,161 Net income available to common stockholdersWeighted average common shares outstanding — diluted(3)(4)613,361,880 613,807,166 Net income per common share — diluted(3)(4)$0.27 $0.23 FFO, Core FFO, and Adjusted FFOWeighted average common shares and OP Units outstanding — diluted(3)(4)615,645,848 615,987,206 FFO per common share — diluted(3)(4)$0.45 $0.43 Core FFO per common share — diluted(3)(4)$0.48 $0.47 AFFO per common share — diluted(3)(4)$0.42 $0.41 

(1)Includes our share from unconsolidated joint ventures.

(2)For the three months ended March 31, 2025 and 2024, $1,651 and $1,598, was recorded in property management expense, respectively, and $8,506 and $6,302 was recorded in general and administrative expense, respectively. 

(3)Incremental shares attributed to non-vested share-based awards totaling 584,274 and 1,587,646 for the three months ended March 31, 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