Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 33

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 33
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reciation and amortization714,326 674,287 638,114 Property management expense(1)137,490 95,809 87,936 General and administrative(2)90,612 82,344 74,025 Casualty losses, impairment, and other(3)82,925 8,596 28,697 Gain on sale of property, net of tax(244,550)(183,540)(90,699)(Gains) losses on investments in equity and other securities, net(1,046)(350)3,939 Other, net(4)54,032 2,435 11,261 Management fee revenues(69,978)(13,647)(11,480)Losses from investments in unconsolidated joint ventures28,445 17,877 9,606 NOI (total portfolio)1,613,691 1,538,296 $1,440,290 Non-Same Store NOI(113,290)(104,116)NOI (Same Store portfolio)(5)$1,500,401 $1,434,180 

(1)Includes $5,830, $6,963, and $6,493 of share-based compensation expense for the years ended December 31, 2024, 2023, and 2022, respectively.

(2)Includes $22,088, $22,540, and $22,469 of share-based compensation expense for the years ended December 31, 2024, 2023, and 2022, respectively.

(3)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 net estimated losses and damages related to Hurricanes Ian and Nicole.

(4)Includes settlement and other costs related to certain litigation and regulatory matters, interest income, and other miscellaneous income and expenses.

(5)The Same Store portfolio totaled 76,601 homes for the years ended December 31, 2024 and 2023.

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Funds from Operations, Core Funds from Operations, and Adjusted Funds from Operations 

Funds From Operations (“FFO”), Core FFO, and Adjusted FFO are supplemental, non-GAAP measures often