Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 79

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 79
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, 2025June 20, 2025May 31, 20283.60%One month Term SOFR200,000 March 22, 2023July 9, 2025May 31, 20292.99%One month Term SOFR300,000 During the six months ended June 30, 2025 and 2024, interest rate swap instruments were used to hedge the variable cash flows associated with existing variable-rate interest payments. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. During the next 12 months, we estimate that $13,022 will be reclassified to earnings as a decrease in interest expense.Non-Designated HedgesHistorically, we have entered into and maintained interest rate cap agreements in connection with certain loan agreements. As of June 30, 2025 and December 31, 2024, we did not have any interest rate caps.Fair Values of Derivative Instruments on the Condensed Consolidated Balance SheetsThe table below presents the fair value of our derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:Asset DerivativesLiability DerivativesFair Value as ofFair Value as ofBalanceSheet LocationJune 30,2025December 31, 2024BalanceSheet LocationJune 30,2025December 31, 2024Derivatives designated as hedging instruments:Interest rate swapsOther assets$20,279 $61,479 Other liabilities$2,219 $— Derivatives not designated as hedging instruments:Interest rate capsOther assets— — Other liabilities— — Total$20,279 $61,479 $2,219 $— 

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INVITATION HOMES INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)(unaudited)

Offsetting DerivativesWe enter into master netting arrangements, which reduce risk by permitting net settlement of transactions with the same counterparty. The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of June 30, 2025 and December 31, 2024:June 30, 2025Gross Amounts Not Offset in the Statement of Financial PositionG