Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 111

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 111
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 the departure of an executive, partially offset by an increase in personnel and other costs related to our property and asset management platform.

Interest expense decreased slightly to $90.8 million for the three months ended September 30, 2025 from $91.1 million for the three months ended September 30, 2024. The decrease in interest expense was primarily due to a decrease in the balance of gross debt outstanding, partially offset by a 13 bps increase in our weighted average interest rate, in each case, as of September 30, 2025 as compared to September 30, 2024.

49

Depreciation and amortization expense increased to $188.5 million for the three months ended September 30, 2025 from $180.5 million for the three months ended September 30, 2024 due to an increase in cumulative capital expenditures and a 1,263 home increase in the average number of homes owned during the three months ended September 30, 2025 compared to the three months ended September 30, 2024.

Casualty losses, impairment, and other expenses were $3.4 million and $20.9 million for the three months ended September 30, 2025 and 2024, respectively. During the three months ended September 30, 2024, we incurred $20.6 million of net casualty losses for repairs from storm activity in excess of amounts recoverable from insurance coverage and impairment losses of $0.3 million on our single-family residential properties, compared to $3.1 million and $0.3 million, respectively, for the three months ended September 30, 2025.

Gains (Losses) on Investments in Equity and Other Securities, net

For the three months ended September 30, 2025, gains on investments in equity and other securities, net of $0.4 million was comprised of a realized gain during the quarter and net unrealized gains recognized on investments held as of September 30, 2025. For the three months ended September 30, 2024, losses on investments in equity and other securities, net of $0.3 million was comprised of a realized gain during the quarter and net unrealized losses recognized on investments held at period end.

Other, net

Other, net decreased to $1.8 million of expense for the three months ended September 30, 2025