Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 70

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 70
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, 2025 and an increase in average net proceeds per home. Cash used in other investing activities increased $24.0 million from period to period primarily due to an increase in capital expenditures to repair hurricane damage to homes from 2024 storms. Cash invested in joint ventures increased $9.7 million from period to period as a result of increased contributions to certain of the joint ventures during the three months ended March 31, 2025.

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Financing Activities

Net cash used in financing activities was $287.4 million for the three months ended March 31, 2025 compared to net cash used in financing activities of $190.8 million for the three months ended March 31, 2024. The change between periods is primarily due to the following financing transactions. We made $100.0 million of net payments on the Revolving Facility during the three months ended March 31, 2025, and no such net reductions in outstanding indebtedness occurred during the three months ended March 31, 2024. We also made dividend and distribution payments totaling $178.8 million during the three months ended March 31, 2025 compared to $173.8 million during the three months ended March 31, 2024, which were funded by cash flows from operations.

Contractual Obligations

Our contractual obligations as of March 31, 2025, consist of the following: 

($ in thousands)Total2025(1)2026-20272028-2029ThereafterSecured Debt(2)(3)$1,569,864 $42,139 $1,077,908 $28,769 $421,048 Unsecured Notes(2)(3)4,851,138 104,333 278,220 1,007,148 3,461,437 Term Loan Facilities(2)(3)(4)(5)3,063,907 101,285 268,867 2,693,755 — Revolving Facility(2)(3)(4)(5)(6)591,898 20,654 54,828 516,416 — Derivative instruments(2)(7)(81,759)(18,347)(47,118)(16,294)— Purchase commitments(8)545,017 378,486 166,531 — — Operating leases30,947 3,519 8