Invitation Homes Inc.

INVH 10-Q · Q2 2025

INVH Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Operating Lease Lease Income 659,107 637,475 +3.4%
Property Management Fee Revenue 22,294 15,976 +39.5%
Show Related Party Transactions By Related Party breakouts
Related Party 6,306 3,594 +75.5%
Revenue 681,401 653,451 +4.3%
Direct Costs Of Leased And Rented Property Or Equipment 244,278 234,184 +4.3%
Show Business Segments breakouts
Reportable Segment 244,278 234,184 +4.3%
Cost Of Other Property Operating Expense 35,833 32,633 +9.8%
General & Administrative 23,591 21,498 +9.7%
Interest Expense Operating 87,414 90,007 -2.9%
Show Equity Components breakouts
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 9,057 21,465 -57.8%
Depreciation 185,455 176,622 +5.0%
Show Property Plant And Equipment By Type breakouts
Components of Properties 181,059 173,319 +4.5%
Furniture And Fixtures 4,396 3,303 +33.1%
Asset Impairment Charges And Casualty Losses 3,029 10,353 -70.7%
Total Costs & Expenses 579,600 565,297 +2.5%
Equity Securities Fv Ni Gain Loss -90 1,504 -106.0%
Other Non-Operating Income (Expense) -2,133 -54,012 +96.1%
Gain Loss On Sale Of Properties 46,591 43,267 +7.7%
Income Loss From Equity Method Investments -4,802 -5,482 +12.4%
Net Income 141,367 73,431 +92.5%
Show Equity Components breakouts
Noncontrolling Interest 480 243 +97.5%
Parent 140,887 73,188 +92.5%
Retained Earnings 140,887 73,188 +92.5%
Net Income Loss Attributable To Noncontrolling Interest -480 -243 -97.5%
Net Income 140,887 73,188 +92.5%
Undistributed Earnings Loss Allocated To Participating Securities Basic -222 -207 -7.2%
Net Income Loss Available To Common Stockholders Basic 140,665 72,981 +92.7%
Net Income Loss Available To Common Stockholders Diluted 140,665 72,981 +92.7%
Wtd Avg Shares (Basic) 613,048,193 612,628,758 +0.1%
Wtd Avg Shares (Diluted) 613,261,904 613,823,339 -0.1%
EPS (Basic) 0.23 0.12 +91.7%
EPS (Diluted) 0.23 0.12 +91.7%
Comprehensive Income 121,123 62,342 +94.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 65,112 749,398 -91.3%
Non-Current Assets
Goodwill 258,207 258,207 0.0%
Total Assets 18,662,005 19,239,443 -3.0%
Property, Plant & Equipment 48,124 39,015 +23.3%
Operating Lease Right-of-Use Assets 22,693 21,869 +3.8%
Other Assets
Investment Building And Building Improvements 17,588,206 16,874,787 +4.2%
Real Estate Investment Property At Cost 22,548,692
Show Collateral breakouts
Residential Real Estate · Secured Debt 1,910,392
Real Estate Investment Property Accumulated Depreciation -5,186,763 -4,577,872 -13.3%
Real Estate Investment Property Net 17,361,929
Show Collateral breakouts
Residential Real Estate · Secured Debt 1,327,562
Restricted Cash And Cash Equivalents 218,612 213,780 +2.3%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Capital expenditures 1,623 2,297 -29.3%
Collections 6,786 9,811 -30.8%
Letters of credit 2,536 2,556 -0.8%
Property taxes 10,328 15,286 -32.4%
Resident security deposits 186,004 183,139 +1.6%
Special and other reserves 276 691 -60.1%
Tax deferred property exchange deposits 11,059
Equity Method Investments 232,614 268,808 -13.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
2020 Rockpoint JV 40,378 59,764 -32.4%
2022 Rockpoint JV 9,800 10,352 -5.3%
2024 Peregrine JV 6,138
FNMA 15,313 26,494 -42.2%
Pathway Operating Company 20,867 20,815 +0.2%
Pathway Property Company 105,677 113,542 -6.9%
Upward America JV 34,441 37,841 -9.0%
Other Assets 525,531 584,442 -10.1%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 308,347 354,307 -13.0%
Total Liabilities 8,956,709 9,172,734 -2.4%
Long-Term Debt 8,174,505
Show Credit Facility breakouts
Unsecured Debt · Line Of Credit 2,447,555
Show Long-Term Debt Type breakouts
Revolving Credit Facility 540,000
Secured Debt 1,382,965
Senior Notes 3,803,985
Unsecured Debt 2,447,555
Other Liabilities
Secured Debt 1,382,965 1,617,967 -14.5%
Senior Notes 3,803,985 3,308,276 +15.0%
Unsecured Debt 2,447,555 3,215,993 -23.9%
Line Of Credit 540,000
Security Deposit Liability 184,656 179,833 +2.7%
Other Liabilities 289,201 94,818 +205.0%
Stockholders' Equity
Common Stock Value Outstanding 6,130 6,126 +0.1%
Additional Paid-In Capital 11,181,950 11,159,835 +0.2%
Retained Earnings -1,531,350 -1,198,481 -27.8%
Accumulated Other Comprehensive Income 11,556 63,981 -81.9%
Total Stockholders' Equity 9,668,286 10,031,461 -3.6%
Minority Interest 37,010 35,248 +5.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,705,296 10,066,709 -3.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 11,556 63,981 -81.9%
Additional Paid In Capital 11,181,950 11,159,835 +0.2%
Common Stock 6,130 6,126 +0.1%
Noncontrolling Interest 37,010 35,248 +5.0%
Parent 9,668,286 10,031,461 -3.6%
Retained Earnings -1,531,350 -1,198,481 -27.8%
Total Liabilities & Equity 18,662,005 19,239,443 -3.0%
Land 4,960,486 4,867,893 +1.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Stock-Based Compensation 18,621 15,392 +21.0%
Amortization of Financing Costs 10,705 8,400 +27.4%
Amortization Of Debt Discount Premium 1,570 1,317 +19.2%
Impairment Of Real Estate 99 60 +65.0%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Fair Value Measurements Nonrecurring 99 60 +65.0%
Unrealized Gain Loss On Derivatives -6,152 4,643 -232.5%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 11,314 11,826 -4.3%
Other Non-Cash Items 2,168 11,353 -80.9%
Increase Decrease In Other Operating Assets -17,586 -40,780 +56.9%
Increase Decrease In Accounts Payable And Accrued Liabilities 97,288 150,233 -35.2%
Increase Decrease In Security Deposits 3,790 -622 +709.3%
Increase Decrease In Other Operating Liabilities 2,857 468 +510.5%
Net Cash from Operations 682,978 635,382 +7.5%
Investing Activities
Payments For Proceeds From Other Deposits 8,934 -2,013 +543.8%
Payments To Acquire Residential Real Estate -510,836 -244,337 -109.1%
Payments For Capital Improvements -15,311 -14,441 -6.0%
Payments To Acquire Other Productive Assets -110,863 -99,132 -11.8%
Proceeds From Sale Of Real Estate Heldforinvestment 267,692 218,751 +22.4%
Payments To Acquire Equity Securities Fv Ni -1,135 -511 -122.1%
Payments To Acquire Equity Method Investments -12,873 -38,928 +66.9%
Proceeds From Real Estate And Real Estate Joint Ventures 11,360 5,460 +108.1%
Other Investing Activities -53,883 -25,490 -111.4%
Net Cash from Investing -416,915 -200,200 -108.2%
Capital Expenditures Incurred But Not Yet Paid Renovation Improvements 1,121 1,507 -25.6%
Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements 10,799 10,687 +1.0%
Reclassification Of Inventory Real Estate Held For Sale 56,792 64,070 -11.4%
Increase Decrease In Fair Value Of Cash Flow Hedges -43,418 -4,350 -898.1%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 4,881 14,408 -66.1%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 2,907 4,002 -27.4%
Dividends Payable Current And Noncurrent 178,020
Financing Activities
Payments Of Dividends -356,806 -344,938 -3.4%
Payments To Minority Shareholders -1,330 -1,564 +15.0%
Tax Withholding for Share Compensation -5,529 -10,630 +48.0%
Repayments Of Secured Debt -3,799 -10,531 +63.9%
Show Long-Term Debt Type breakouts
Secured Debt -3,799 -10,448 +63.6%
Proceeds From Lines Of Credit 270,000
Repayments Of Lines Of Credit -300,000
Debt Issuance Costs -3,128
Proceeds From Payments For Other Financing Activities -1,440 -1,825 +21.1%
Net Cash from Financing -402,032 -369,488 -8.8%
Supplemental
Interest Paid 163,289 167,247 -2.4%
Interest Costs Capitalized 1,064 1,148 -7.3%
Income Taxes Paid 67 94 -28.7%
Operating Lease Payments 1,991 3,287 -39.4%
Finance Lease Principal Payments 1,443 1,825 -20.9%
Other Cash Flow
Net Change in Cash -135,969 65,694 -307.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 283,724 963,178 -70.5%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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