Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 11

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 11
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2024:For the Three MonthsEnded June 30,($ in thousands)20252024$ Change% ChangeRevenues:Rental revenues and other property income$659,107 $637,475 $21,632 3.4 %Management fee revenues22,294 15,976 6,318 39.5 %Total revenues681,401 653,451 27,950 4.3 %Expenses:Property operating and maintenance244,278 234,184 10,094 4.3 %Property management expense35,833 32,633 3,200 9.8 %General and administrative23,591 21,498 2,093 9.7 %Interest expense87,414 90,007 (2,593)(2.9)%Depreciation and amortization185,455 176,622 8,833 5.0 %Casualty losses, impairment, and other3,029 10,353 (7,324)(70.7)%Total expenses579,600 565,297 14,303 2.5 %Gains (losses) on investments in equity and other securities, net(90)1,504 (1,594)(106.0)%Other, net(2,133)(54,012)51,879 96.1 %Gain on sale of property, net of tax46,591 43,267 3,324 7.7 %Losses from investments in unconsolidated joint ventures(4,802)(5,482)680 12.4 %Net income$141,367 $73,431 $67,936 92.5 %

Revenues

For the three months ended June 30, 2025 and 2024, total revenues were $681.4 million and $653.5 million, respectively. Set forth below is a discussion of changes in the individual components of total revenues.

47

For the three months ended June 30, 2025 and 2024, total portfolio rental revenues and other property income totaled $659.1 million and $637.5 million, respectively, an increase of 3.4%, driven by an increase in average monthly rent per occupied home and a 1,034 home increase between periods in the average number of homes owned, partially offset by a