Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 38

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 38
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$0.47 $1.43 $1.41 AFFO per common share — diluted(5)(6)$0.38 $0.38 $1.22 $1.19 

(1)Includes our share from unconsolidated joint ventures.

(2)For the three months ended September 30, 2025 and 2024, $1,562 and $1,313 was recorded in property management expense, respectively, and $354 and $4,104 was recorded in general and administrative expense, respectively. For the nine months ended September 30, 2025 and 2024, $4,779 and $4,585, was recorded in property management expense, respectively, and $15,758 and $16,224 was recorded in general and administrative expense, respectively.

(3)For the three and nine months ended September 30, 2024, included $17,500 and $77,000, respectively, of settlement costs that resolved an inquiry from the FTC and the legal dispute entitled City of San Diego et al v. Invitation Homes, Inc., inclusive of associated costs.

(4)The three and nine months ended September 30, 2024 included $14,000 of estimated losses and damages related to Hurricanes Beryl, Debby, and Helene.

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(5)There are no incremental shares attributed to non-vested share-based awards for the three months ended September 30, 2025. Incremental shares attributed to non-vested share-based awards were 970,386 for the three months ended September 30, 2024, and 265,995 and 1,250,871 for the nine months ended September 30, 2025 and 2024, respectively, are included in weighted average common shares outstanding in the calculation of net income per common share — diluted. For the computations of FFO, Core FFO, and AFFO per common share — diluted, common share equivalents of 415,032 and 1,259,328 for the three months ended September 30, 2025 and 2024, respectively, and 644,075 and 1,533,792 for the nine months ended September 30, 2025 and 2024, respectively, related to incremental shares attributed to non-vested share-based awards are included in the denominator.

(6)Vested units of partnership interests in INVH LP (“OP Units”)