Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 37

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 37
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 Subsidiaries to, incur any Debt (as defined below) if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds of such additional Debt on a pro forma basis, the aggregate principal amount of all the Company’s outstanding Debt and that of its Subsidiaries on a consolidated basis as determined in accordance with GAAP (as defined below) is greater than 65% of the sum of (without duplication):

| • |     | the Company’s Total Assets (as defined below) as of the end of the latest fiscal quarter covered in the                                                          
 Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the SEC (or, if such filing is not permitted 
 under the Exchange Act, furnished to the trustee) prior to the incurrence of such additional Debt; and                                                           |

| • |     | the purchase price of any real estate assets or mortgages receivable acquired, and the amount of any debt or                                                                                                                                              
 securities offering proceeds received (to the extent such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt), by the Company or any of its Subsidiaries since the end of such fiscal quarter, including 
 those proceeds obtained in connection with the incurrence of such additional Debt.                                                                                                                                                                        |

Debt Service Test The Company will not, and will not permit any of its Subsidiaries to, incur any Debt if the ratio of Consolidated Income Available for Debt Service (as defined below) to the Annual Service Charge (as defined below) for the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred shall have been less than 1.5 to 1.0, on a pro forma basis after giving effect thereto and to the application of the proceeds therefrom, and calculated on the assumption that:

S-24

| • |     | in the case of any acquisition or disposition by the Company or any of its Subsidiaries of any asset or group of                                                                                                                            
 assets in one transaction or a series of related transactions in excess of $100 million since the first day of such four-quarter period, including, without limitation, by merger, stock purchase or sale, or asset purchase or sale, such  
 acquisition or disposition and any related repayment of Debt had occurred as of the first day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such