Invitation Homes Inc.

INVH 10-Q · Q3 2025

INVH Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Operating Lease Lease Income 666,191 641,342 +3.9%
Property Management Fee Revenue 21,975 18,980 +15.8%
Show Related Party Transactions By Related Party breakouts
Related Party 6,317 4,580 +37.9%
Revenue 688,166 660,322 +4.2%
Direct Costs Of Leased And Rented Property Or Equipment 259,037 242,228 +6.9%
Show Business Segments breakouts
Reportable Segment 259,037 242,228 +6.9%
Cost Of Other Property Operating Expense 37,073 34,382 +7.8%
General & Administrative 18,444 21,727 -15.1%
Interest Expense Operating 90,781 91,060 -0.3%
Show Equity Components breakouts
Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 6,209 21,222 -70.7%
Depreciation 188,457 180,479 +4.4%
Show Property Plant And Equipment By Type breakouts
Components of Properties 183,653 176,174 +4.2%
Furniture And Fixtures 4,804 4,305 +11.6%
Asset Impairment Charges And Casualty Losses 3,420 20,872 -83.6%
Total Costs & Expenses 597,212 590,748 +1.1%
Equity Securities Fv Ni Gain Loss 380 -257 +247.9%
Other Non-Operating Income (Expense) -1,769 -9,345 +81.1%
Gain Loss On Sale Of Properties 45,515 47,766 -4.7%
Income Loss From Equity Method Investments 2,130 -12,160 +117.5%
Net Income 137,210 95,578 +43.6%
Show Equity Components breakouts
Noncontrolling Interest 472 309 +52.8%
Parent 136,738 95,269 +43.5%
Retained Earnings 136,738 95,269 +43.5%
Net Income Loss Attributable To Noncontrolling Interest -472 -309 -52.8%
Net Income 136,738 95,269 +43.5%
Undistributed Earnings Loss Allocated To Participating Securities Basic -264 -185 -42.7%
Net Income Loss Available To Common Stockholders Basic 136,474 95,084 +43.5%
Net Income Loss Available To Common Stockholders Diluted 136,474 95,084 +43.5%
Wtd Avg Shares (Basic) 613,084,571 612,674,802 +0.1%
Wtd Avg Shares (Diluted) 613,084,571 613,645,188 -0.1%
EPS (Basic) 0.22 0.16 +37.5%
EPS (Diluted) 0.22 0.15 +46.7%
Comprehensive Income 132,977 52,598 +152.8%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 155,370 1,027,199 -84.9%
Non-Current Assets
Goodwill 258,207 258,207 0.0%
Total Assets 18,782,776 19,632,848 -4.3%
Property, Plant & Equipment 47,663 38,479 +23.9%
Operating Lease Right-of-Use Assets 33,146 20,865 +58.9%
Other Assets
Investment Building And Building Improvements 17,731,477 17,121,848 +3.6%
Real Estate Investment Property At Cost 22,702,162
Show Collateral breakouts
Residential Real Estate · Secured Debt 1,921,035
Real Estate Investment Property Accumulated Depreciation -5,345,858 -4,726,032 -13.1%
Real Estate Investment Property Net 17,356,304
Show Collateral breakouts
Residential Real Estate · Secured Debt 1,320,802
Restricted Cash And Cash Equivalents 240,298 218,273 +10.1%
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts
Capital expenditures 1,355 2,297 -41.0%
Collections 6,685 11,467 -41.7%
Letters of credit 2,485 2,716 -8.5%
Property taxes 17,076 20,525 -16.8%
Resident security deposits 185,129 180,577 +2.5%
Special and other reserves 276 691 -60.1%
Tax deferred property exchange deposits 27,292
Equity Method Investments 255,867 244,647 +4.6%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
2020 Rockpoint JV 38,376 46,129 -16.8%
2022 Rockpoint JV 10,694 10,074 +6.2%
2024 Peregrine JV 13,271
FNMA 18,054 23,820 -24.2%
Pathway Operating Company 27,118 20,735 +30.8%
Pathway Property Company 115,226 106,565 +8.1%
Upward America JV 33,128 37,324 -11.2%
Other Assets 516,730 599,891 -13.9%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 407,288 398,894 +2.1%
Total Liabilities 9,119,826 9,681,186 -5.8%
Long-Term Debt 8,230,284
Show Credit Facility breakouts
Unsecured Debt · Line Of Credit 2,449,770
Show Long-Term Debt Type breakouts
Secured Debt 1,383,541
Senior Notes 4,396,973
Unsecured Debt 2,449,770
Other Liabilities
Secured Debt 1,383,541 1,614,220 -14.3%
Senior Notes 4,396,973 3,799,034 +15.7%
Unsecured Debt 2,449,770 2,444,054 +0.2%
Security Deposit Liability 184,315 180,484 +2.1%
Other Liabilities 297,939 92,905 +220.7%
Stockholders' Equity
Common Stock Value Outstanding 6,130 6,126 +0.1%
Additional Paid-In Capital 11,183,482 11,164,240 +0.2%
Retained Earnings -1,571,463 -1,275,601 -23.2%
Accumulated Other Comprehensive Income 7,795 21,310 -63.4%
Total Stockholders' Equity 9,625,944 9,916,075 -2.9%
Minority Interest 37,006 35,587 +4.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,662,950 9,951,662 -2.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 7,795 21,310 -63.4%
Additional Paid In Capital 11,183,482 11,164,240 +0.2%
Common Stock 6,130 6,126 +0.1%
Noncontrolling Interest 37,006 35,587 +4.0%
Parent 9,625,944 9,916,075 -2.9%
Retained Earnings -1,571,463 -1,275,601 -23.2%
Total Liabilities & Equity 18,782,776 19,632,848 -4.3%
Land 4,970,685 4,888,815 +1.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Stock-Based Compensation 20,537 20,809 -1.3%
Amortization of Financing Costs 16,059 13,410 +19.8%
Amortization Of Debt Discount Premium 2,410 2,001 +20.4%
Impairment Of Real Estate 434 330 +31.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Fair Value Measurements Nonrecurring 434 330 +31.5%
Unrealized Gain Loss On Derivatives -5,541 7,167 -177.3%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 9,926 24,644 -59.7%
Other Non-Cash Items 8,480 23,472 -63.9%
Increase Decrease In Other Operating Assets -10,437 -33,325 +68.7%
Increase Decrease In Accounts Payable And Accrued Liabilities 193,385 193,480 -0.0%
Increase Decrease In Security Deposits 3,449 29 +11793.1%
Increase Decrease In Other Operating Liabilities 802 -4,660 +117.2%
Net Cash from Operations 1,077,580 948,997 +13.5%
Investing Activities
Payments For Proceeds From Other Deposits 29,529 -510 +5890.0%
Payments To Acquire Residential Real Estate -680,818 -543,039 -25.4%
Payments For Capital Improvements -22,069 -22,830 +3.3%
Payments To Acquire Other Productive Assets -183,964 -167,677 -9.7%
Proceeds From Sale Of Real Estate Heldforinvestment 373,806 305,849 +22.2%
Payments To Acquire Equity Securities Fv Ni -2,259 -3,448 +34.5%
Payments To Acquire Equity Method Investments -39,779 -39,546 -0.6%
Proceeds From Real Estate And Real Estate Joint Ventures 16,401 17,421 -5.9%
Other Investing Activities -61,840 -39,557 -56.3%
Net Cash from Investing -570,993 -492,697 -15.9%
Capital Expenditures Incurred But Not Yet Paid Renovation Improvements 1,290 1,978 -34.8%
Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements 11,649 10,878 +7.1%
Reclassification Of Inventory Real Estate Held For Sale 98,581 124,483 -20.8%
Increase Decrease In Fair Value Of Cash Flow Hedges -47,803 -49,683 +3.8%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 16,426 14,408 +14.0%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 3,872 8,508 -54.5%
Dividends Payable Current And Noncurrent 178,016
Financing Activities
Payments Of Dividends -534,826 -516,649 -3.5%
Payments To Minority Shareholders -1,951 -2,144 +9.0%
Tax Withholding for Share Compensation -5,755 -10,894 +47.2%
Repayments Of Secured Debt -3,799 -14,857 +74.4%
Show Long-Term Debt Type breakouts
Secured Debt -3,799 -14,774 +74.3%
Proceeds From Issuance Of Senior Long Term Debt 596,862 494,275 +20.8%
Proceeds From Lines Of Credit 400,000 750,000 -46.7%
Repayments Of Lines Of Credit -970,000
Debt Issuance Costs -8,803 -54,270 +83.8%
Proceeds From Payments For Other Financing Activities -2,340 -3,773 +38.0%
Net Cash from Financing -530,612 -108,312 -389.9%
Supplemental
Interest Paid 257,056 247,592 +3.8%
Interest Costs Capitalized 1,401 1,732 -19.1%
Income Taxes Paid 70 107 -34.6%
Operating Lease Payments 3,324 4,814 -31.0%
Finance Lease Principal Payments 2,340 2,633 -11.1%
Other Cash Flow
Net Change in Cash -24,025 347,988 -106.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 395,668 1,245,472 -68.2%

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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