Company: INVH
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001687229-25-000051
Chunk: 19

Company: Invitation Homes Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 19
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 2024, we incurred $35.1 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 $10.7 million and $0.4 million, respectively, for the nine months ended September 30, 2025.

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

For the nine months ended September 30, 2025, gains on investments in equity and other securities, net of $0.1 million was comprised of a realized gain and net unrealized losses recognized on investments held as of September 30, 2025. For the nine months ended September 30, 2024, gains on investments in equity and other securities, net of $1.0 million was comprised of a $1.6 million realized gain from exercised warrants, partially offset by $0.6 million of net unrealized losses recognized on investments held as of September 30, 2024.

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Other, net

Other, net decreased to $2.5 million of expense for the nine months ended September 30, 2025 from $57.4 million of expense for the nine months ended September 30, 2024, primarily due to settlement and other costs incurred in connection with the resolution of an inquiry from the FTC and the legal dispute entitled City of San Diego et al v. Invitation Homes, Inc. that was settled during the third quarter of 2024. This reduction in expense is partially offset by a decrease in interest earnings on cash balances.

Gain on Sale of Property, net of tax

Gain on sale of property, net of tax was $163.8 million and $141.5 million for the nine months ended September 30, 2025 and 2024, respectively. An increase in the number of homes sold from 937 for the nine months ended September 30, 2024 to 1,041 for the nine months ended September 30, 2025 was the primary driver of the increase.

Losses from Investments in Unconsolidated Joint Ventures

Our share of losses from unconsolidated joint ventures was $7.9 million and $22.8 million for the nine months ended September 30, 2025 and 2024, respectively. The change was primarily driven by an increase in our share of income and