Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 94

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 94
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. For our taxable REIT subsidiaries, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. We provide a valuation allowance, from time to time, for deferred tax assets for which we do not consider realization of such assets to be more likely than not. As of September 30, 2025 and December 31, 2024, we have not recorded any deferred tax assets and liabilities or unrecognized tax benefits. We do not anticipate a significant change in unrecognized tax benefits within the next 12 months.On July 4, 2025, the One Big Beautiful Bill Act was signed into law in the United States, which contains a broad range of tax reform provisions affecting businesses, including the temporary and permanent extension of expiring provisions of the Tax Cuts and Jobs Act of 2017. While we are still evaluating the full effects of the legislation, we do not expect it to have a material impact on our condensed consolidated financial statements.

Note 14—Commitments and Contingencies

Lease CommitmentsThe following table sets forth our fixed lease payment commitments as a lessee as of September 30, 2025, for the periods below:YearOperatingLeasesFinanceLeasesRemainder of 2025$1,299 $1,048 20265,105 4,093 20275,645 3,622 20285,061 1,754 20294,534 539 Thereafter26,139 — Total lease payments47,783 11,056 Less: imputed interest(11,501)(921)Total lease liability$36,282 $10,135  

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

The components of lease expense for the three and nine months ended September 30, 2025 and 2024 are as follows:For the Three MonthsEnded September 30,For the Nine MonthsEnded September 30,2025202420252024Operating lease cost:Fixed lease cost$1,542 $1,209 $4,208 $3,052 Variable lease cost498