Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 84

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 84
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613,020,589 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 condensed consolidated balance sheets and statements of equity. As of September 30, 2025, 2,099,937 outstanding OP Units are redeemable.During the three and nine months ended September 30, 2025, we issued 12,369 and 415,111 shares of common stock, respectively. During the three and nine months ended September 30, 2024, we issued 11,434 and 647,239 shares of common stock, respectively.

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

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 of our common stock through the Agents and the Forward Sellers (the “ATM Equity Program”). In addition to the issuance of shares of our common stock, the distribution agreements permit us to enter into separate forward sale transactions with certain forward purchasers who may borrow shares from third parties and, through affiliated Forward Sellers, offer a number of shares of our common stock equal to the number of shares of our common stock underlying the particular forward transaction. During the three and nine months ended September 30, 2025 and 2024, we did not sell any shares of common stock under the ATM Equity Program. As of September 30, 2025, $1,150,000 remains available for future offerings under the ATM Equity Program.Share Repurchase ProgramOn October 28, 2025, our board of directors authorized a share repurchase program under which we may acquire shares of our common stock in the open market or negotiated transactions up to an aggregate purchase price of $500,000 (the "Share Repurchase Program"). Repurchases under the Share Repurchase Program, if any, will be made at our discretion and are not required or guaranteed. The