Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 184

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 184
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Loss) Reclassified from Accumulated OCI into Net IncomeTotal Amount of Interest Expense Presented in the Consolidated Statements of OperationsFor the Years Ended December 31,For the Years Ended December 31,For the Years Ended December 31,202420232022202420232022202420232022    Derivatives in cash flow hedging relationships:Interest rate swaps$73,042 $39,488 $327,323 Interest expense$75,772 $73,856 $(59,103)$366,070 $333,457 $304,092  Location ofLossRecognized inNet Income on DerivativeAmount of Loss Recognized in Net Income on DerivativeFor the Years Ended December 31,202420232022Derivatives not designated as hedging instruments:Interest rate capsInterest expense$1 $73 $81 Credit-Risk-Related Contingent FeaturesThe agreements with our derivative counterparties which govern our interest rate swap agreements contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on the indebtedness.

As of December 31, 2024, we were not in a net liability position with any of our derivative counterparties.

Note 9—Stockholders’ Equity

As of December 31, 2024 we have issued 612,605,478 shares of common stock. In addition, we issue OP Units from time to time which, upon vesting, are redeemable for shares of our common stock on a one-for-one basis or, in our sole discretion, cash and are reflected as non-controlling interests on our consolidated balance sheets and statements of equity. As of December 31, 2024, 1,979,009 outstanding OP Units are redeemable.During the years ended December 31, 2024, 2023, and 2022, we issued 647,239, 546,857, and 10,365,944, shares of common stock, respectively.At the Market Equity ProgramOn December 20, 2021, we entered into distribution agreements with a syndicate of banks (the “Agents” and the “Forward Sellers”), and on June 14, 2024, we entered into distribution agreements with additional Agents and Forward Sellers. Pursuant to these agreements, we may sell, from time to time, up to an aggregate sales price of $1,250,000