Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 62

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 62
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 the project will be completed and the software will be used to perform the function intended. The amendment also introduces a requirement to evaluate significant development uncertainty with the development activities of the software. The updated standard is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. The amendments may be applied on a prospective, modified, or retrospective basis. We are currently evaluating the impact of this ASU on our condensed consolidated financial statements and disclosures.

Note 3—Investments in Single-Family Residential Properties

The following table sets forth the net carrying amount associated with our properties by component:September 30,2025December 31, 2024Land$4,970,685 $4,901,192 Single-family residential property17,001,831 16,470,468 Capital improvements587,342 575,982 Equipment142,304 133,858 Total gross investments in the properties22,702,162 22,081,500 Less: accumulated depreciation(5,345,858)(4,869,374)Investments in single-family residential properties, net$17,356,304 $17,212,126  As of September 30, 2025 and December 31, 2024, the carrying amount of the residential properties above includes $146,460 and $140,202, respectively, of capitalized acquisition costs (excluding purchase price), along with $79,311 and $78,776, respectively, of capitalized interest, $31,617 and $31,718, respectively, of capitalized property taxes, $5,179 and $5,202, respectively, of capitalized insurance, and $3,752 and $3,745, respectively, of capitalized homeowners’ association (“HOA”) fees.During the three months ended September 30, 2025 and 2024, we recognized $183,653, and $176,174, respectively, of depreciation expense related to the components of the properties, and $4,804 and $4,305, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization in the condensed consolidated statements of operations. During the three months ended September 30, 2025 and 2024, impairments totaling $335 and $270, respectively, have been recognized and are included in casualty losses, impairment, and other in the condensed consolidated statements of operations.