Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 133

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 133
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 REIT and its TRSs ensure that a TRS will be subject to an appropriate level of U.S. federal income taxation. For example, we would be obligated to pay a 100% penalty tax on some payments that we receive from, or on certain expenses deducted by, a TRS if the IRS were to assert successfully that the economic arrangements between us and a TRS are not comparable to similar arrangements among unrelated parties. Income Tests To qualify as a REIT, we must satisfy two gross income requirements, each of which is applied on an annual basis. First, at least 75% of our gross income, excluding gross income from prohibited transactions and certain hedging and foreign currency transactions, for each taxable year generally must be derived directly or indirectly from:

| • |     | rents from real property; |

| • |     | interest on obligations secured by mortgages on real property or on interests in real property; |

| • |     | dividends or other distributions on, and gain from the sale of, stock in other qualifying REITs; |

| • |     | gain from the sale or other disposition of real property (including interests in real property and interests in                                                                                                                      
 mortgages on real property, and including gain from the sale of certain personal property ancillary to such real property) other than property held primarily for sale to customers in the ordinary course of our trade or business; |

| • |     | abatements and refunds of taxes on real property; |

| • |     | income and gain derived from foreclosure property (as described below); |

| • |     | amounts (other than amounts the determination of which depends in whole or in part on the income or profits of                                                                                                                                 
 any person) received or accrued as consideration for entering into agreements (i) to make loans secured by mortgages on real property or on interests in real property or (ii) to purchase or lease real property (including interests in real 
 property and interests in mortgages on real property); and                                                                                                                                                                                     |

Second, at least 95% of our gross income, excluding gross income from prohibited transactions and certain hedging transactions, for each taxable year must be derived from sources that qualify for purposes of the 75% 41

gross income test, and from (i) dividends, (ii) interest and (iii) gain from the sale or disposition of stock or securities that are not assets held primarily for sale to customers
in the ordinary course of our trade or business.

If we fail to satisfy one or both of the 75