Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 15

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 15
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 net of tax

Gain on sale of property, net of tax was $46.6 million and $43.3 million for the three months ended June 30, 2025 and 2024, respectively. The primary driver of the increase was an increase in the number of homes sold from 248 for the three months ended June 30, 2024 to 295 for the three months ended June 30, 2025, partially offset by a decrease in the average price her home.

Losses from Investments in Unconsolidated Joint Ventures

Our share of losses from unconsolidated joint ventures was $4.8 million and $5.5 million for the three months ended June 30, 2025 and 2024, respectively, with no significant fluctuation between periods.

49

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

The following table sets forth a comparison of the results of operations for the six months ended June 30, 2025 and 2024:For the Six MonthsEnded June 30,($ in thousands)20252024$ Change% ChangeRevenues:Rental revenues and other property income$1,312,178 $1,269,572 $42,606 3.4 %Management fee revenues43,702 29,918 13,784 46.1 %Total revenues1,355,880 1,299,490 56,390 4.3 %Expenses:Property operating and maintenance481,727 464,581 17,146 3.7 %Property management expense72,572 63,870 8,702 13.6 %General and administrative53,109 44,946 8,163 18.2 %Interest expense171,668 179,852 (8,184)(4.6)%Depreciation and amortization368,601 351,935 16,666 4.7 %Casualty losses, impairment, and other7,712 14,490 (6,778)(46.8)%Total expenses1,155,389 1,119,674 35,715 3.2 %Gains (losses) on investments in equity and other securities, net(311)1,295 (1,606)(124.0)%Other, net(768)(