Company: INVH
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001687229-25-000036
Chunk: 109

Company: Invitation Homes Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 109
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.1 million net unrealized losses recognized on investments held as of June 30, 2024. 

Other, net

Other, net decreased to $2.1 million of expense for the three months ended June 30, 2025 from $54.0 million of expense for the three months ended June 30, 2024, primarily due to a $22.0 million accrual for a settlement that resolved the legal dispute entitled City of San Diego et al v. Invitation Homes, Inc., inclusive of associated costs, as well as a $37.5 million accrual for an estimated probable loss with respect to an inquiry from the Federal Trade Commission (“FTC”) that was ongoing as of June 30, 2024 and subsequently settled during the third quarter of 2024.

Gain on Sale of Property, 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