Company: INVH
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179878
Chunk: 44

Company: Invitation Homes Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 44
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 unconsolidated real estate joint ventures, plus amounts which have been deducted and minus amounts                                                
 which have been added for the activity types referred to above (excluding interest expense) included in arriving at equity in income of unconsolidated entities. |

“Debt” of the Company or any of its Subsidiaries means any indebtedness of the Company or any of its Subsidiaries, excluding any accrued expense or trade payable, whether or not contingent, in respect of:

| • |     | borrowed money evidenced by bonds, notes, debentures or similar instruments; |

| • |     | indebtedness secured by any mortgage, pledge, lien, charge, encumbrance or any security interest existing on                                                                                                                              
 property owned by the Company or any of its Subsidiaries, but only to the extent of the lesser of (1) the amount of indebtedness so secured and (2) the fair market value of the property subject to such mortgage, pledge, lien, charge, 
 encumbrance or any security interest existing on property owned by the Company or any of its Subsidiaries;                                                                                                                                |

| • |     | the reimbursement obligations, contingent or otherwise, in connection with any letters of credit actually issued                                                                                    
 and drawn or amounts representing the balance deferred and unpaid of the purchase price of any property, or all conditional sale obligations or obligations under any title retention agreement; or |

| • |     | any lease of property by the Company or any of its Subsidiaries as lessee that is reflected on the Company’s                                                                                                                                             
 consolidated balance sheet and classified as a finance lease in accordance with GAAP; provided, however, that in the case of this clause, Debt excludes operating lease liabilities on a Person’s balance sheet in accordance with GAAP and to the       
 extent, in the case of items of indebtedness under the first and third bullets immediately above, that any such items (other than letters of credit) would appear as a liability on the Company’s consolidated balance sheet in accordance with          
 GAAP, and also includes, to the extent not otherwise included, any obligation by the Company or any of its Subsidiaries to be liable for, or to pay, as obligor, guarantor or otherwise (other than for purposes of collection in the ordinary course of 
 business), Debt of another Person (other than the Company or any of its Subsidiaries); provided, however, that the term “Debt” shall not include: (1) Permitted