Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 36

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 36
---
, loan discounts, and non-cash interest expense from derivatives(1)44,681 36,069 24,326 Share-based compensation expense(2)27,918 29,503 28,962 Legal settlements(3)77,000 2,000 7,400 Severance expense637 977 314 Casualty losses, net(1)(4)82,700 8,200 28,485 (Gains) losses on investments in equity and other securities, net(1,046)(350)3,939 Core FFO1,157,164 1,086,416 1,022,044 Recurring capital expenditures(1)(170,927)(163,051)(156,147)Adjusted FFO$986,237 $923,365 $865,897 Net income available to common stockholdersWeighted average common shares outstanding — diluted(5)(6)(7)613,631,617 613,288,708 611,112,396 Net income per common share — diluted(5)(6)(7)$0.74 $0.85 $0.63 FFO, Core FFO, and Adjusted FFOWeighted average common shares and OP Units outstanding — diluted(5)(6)(7)615,881,670 615,367,734 613,669,133 FFO per common share — diluted(5)(6)(7)$1.50 $1.64 $1.51 Core FFO per common share — diluted(5)(6)(7)$1.88 $1.77 $1.67 AFFO per common share — diluted(5)(6)(7)$1.60 $1.50 $1.41 

(1)Includes our share from unconsolidated joint ventures.

(2)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. 

(3)The year ended December 31, 2024, includes $77,000 of settlement costs that resolved an inquiry from the FTC and the legal dispute entitled City of San Diego et