Company: INVH
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001687229-25-000019
Chunk: 46

Company: Invitation Homes Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 46
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 to non-vested share-based awards, respectively, are excluded from the denominator because they are anti-dilutive. For the three months ended March 31, 2025 and 2024, vested OP Units have been excluded from the computation of EPS because all income attributable to such vested OP Units has been recorded as non-controlling interest and thus excluded from net income available to common stockholders.

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

Note 13—Income Tax

We account for income taxes under the asset and liability method. For our taxable REIT subsidiaries, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. We provide a valuation allowance, from time to time, for deferred tax assets for which we do not consider realization of such assets to be more likely than not. As of March 31, 2025 and December 31, 2024, we have not recorded any deferred tax assets and liabilities or unrecognized tax benefits. We do not anticipate a significant change in unrecognized tax benefits within the next 12 months.

Note 14—Commitments and Contingencies

Lease CommitmentsThe following table sets forth our fixed lease payment commitments as a lessee as of March 31, 2025, for the periods below:YearOperatingLeasesFinanceLeasesRemainder of 2025$3,519 $2,383 20264,340 3,090 20274,092 2,619 20283,477 751 20292,957 11 Thereafter12,562 — Total lease payments30,947 8,854 Less: imputed interest(6,977)(746)Total lease liability$23,970 $8,108  The components of lease expense for the three months ended March 31, 2025 and 2024 are as follows:For the Three MonthsEnded March 31,20252024Operating lease cost:Fixed lease cost$1,292 $837 Variable lease cost336 475 Total operating lease cost$1,628 $1,