Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 31

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 31
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 Ended December 31,($ in thousands)202420232022Net income available to common stockholders$453,164 $518,774 $382,668 Net income available to participating securities753 696 661 Non-controlling interests1,448 1,558 1,470 Interest expense366,070 333,457 304,092 Interest expense in unconsolidated joint ventures26,333 18,255 3,581 Depreciation and amortization714,326 674,287 638,114 Depreciation and amortization of investments in unconsolidated joint ventures13,377 10,469 5,838 EBITDA1,575,471 1,557,496 1,336,424 Gain on sale of property, net of tax(244,550)(183,540)(90,699)Impairment on depreciated real estate investments506 427 310 Net (gain) loss on sale of investments in unconsolidated joint ventures1,215 (1,668)(865)EBITDAre1,332,642 1,372,715 1,245,170 Share-based compensation expense(1)27,918 29,503 28,962 Severance expense637 977 314 Casualty losses, net(2)82,700 8,200 28,485 (Gains) losses on investments in equity and other securities, net(1,046)(350)3,939 Other, net(3)54,032 2,435 11,261 Adjusted EBITDAre$1,496,883 $1,413,480 $1,318,131 

(1)For the years ended December 31, 2024, 2023, and 2022, $5,830, $6,963, and $6,493, was recorded in property management expense, respectively, and $22,088, $22,540, and $22,469, was recorded in general and administrative expense, respectively.

(2)Includes our share from unconsolidated joint ventures. The year ended December 31, 2024 includes $55,100 of estimated losses and damages related to Hurricanes Milton, Beryl, Debby, and Helene. The year ended December 31, 2022 includes $24,000 of