Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 60

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 60
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 acquisition of a VIE that meets the definition of a business. The amendments are intended to improve consistency and comparability in financial reporting by aligning the accounting treatment of VIE acquisitions with that of VOEs. The ASU also allows for the possibility of reverse acquisitions involving VIEs, which was not permitted under prior guidance. The updated standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within those fiscal years, with early adoption permitted. We are currently evaluating the impact of this ASU on our condensed consolidated financial statements and disclosures.

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

Note 3—Investments in Single-Family Residential Properties

The following table sets forth the net carrying amount associated with our properties by component:June 30,2025December 31, 2024Land$4,960,486 $4,901,192 Single-family residential property16,862,479 16,470,468 Capital improvements584,909 575,982 Equipment140,818 133,858 Total gross investments in the properties22,548,692 22,081,500 Less: accumulated depreciation(5,186,763)(4,869,374)Investments in single-family residential properties, net$17,361,929 $17,212,126  As of June 30, 2025 and December 31, 2024, the carrying amount of the residential properties above includes $145,200 and $140,202, respectively, of capitalized acquisition costs (excluding purchase price), along with $79,297 and $78,776, respectively, of capitalized interest, $31,831 and $31,718, respectively, of capitalized property taxes, $5,203 and $5,202, respectively, of capitalized insurance, and $3,808 and $3,745, respectively, capitalized homeowners’ association (“HOA”) fees.During the three months ended June 30, 2025 and 2024, we recognized $181,059, and $173,319, respectively, of depreciation expense related to the components of the properties, and $4,396 and $3,303, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization in the condensed consolidated statements of operations. During the three months