Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 32

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 32
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472 309 1,489 988 Interest expense90,781 91,060 262,449 270,912 Interest expense in unconsolidated joint ventures7,253 10,186 18,822 20,970 Depreciation and amortization188,457 180,479 557,058 532,414 Depreciation and amortization of investments in unconsolidated joint ventures4,484 3,590 11,937 9,875 EBITDA428,185 380,893 1,295,125 1,145,966 Gain on sale of property, net of tax(45,515)(47,766)(163,772)(141,531)Impairment on depreciated real estate investments335 270 434 330 Net (gain) loss on sale of investments in unconsolidated joint ventures(6,469)499 (6,875)285 EBITDAre376,536 333,896 1,124,912 1,005,050 Share-based compensation expense(1)1,916 5,417 20,537 20,809 Severance expense— 209 2,420 388 Casualty losses and reserves, net(2)3,116 20,729 10,799 35,174 (Gains) losses on investments in equity and other securities, net(380)257 (69)(1,038)Other, net(3)1,769 9,345 2,537 57,384 Adjusted EBITDAre$382,957 $369,853 $1,161,136 $1,117,767 

(1)For the three months ended September 30, 2025 and 2024, $1,562 and $1,313 was recorded in property management expense, respectively, and $354 and $4,104 was recorded in general and administrative expense, respectively. For the nine months ended September 30, 2025 and 2024, $4,779 and $4,585 was recorded in property management expense, respectively, and $15,758 and $16,224, was recorded in general and administrative expense, respectively.

(2)Includes our share from unconsolidated joint ventures. The three and nine months ended September 30, 2024 included $14,