Invitation Homes said total revenues for the 3 months ended June 30, 2025 were $681.4 million, up from $653.5 million in the prior-year period. Average monthly rent per occupied home for the total portfolio increased 2.3% to $2,434, while average occupancy declined 100 basis points to 95.6%.

1. 01

   Invitation Homes said total revenues for the 3 months ended June 30, 2025 were $681.4 million, up from $653.5 million in the prior-year period. Average monthly rent per occupied home for the total portfolio increased 2.3% to $2,434, while average occupancy declined 100 basis points to 95.6%.

2. 02

   The company said total expenses for the 3 months were $579.6 million, up from $565.3 million in the prior-year period. Other, net expense was $2.1 million, compared with $54.0 million in the prior-year period, which included an accrual for the City of San Diego settlement of $22.0 million and an FTC-related accrual of $37.5 million.

3. 03

   Invitation Homes said net cash provided by operating activities for the 6 months ended June 30, 2025 was $683.0 million, up 7.5%, net cash used in investing activities was $416.9 million, and net cash used in financing activities was $402.0 million. The company cited an increase in home acquisitions from 700 to 1,516 as a primary driver of the increase in investing activities.

4. 04

   As of June 30, 2025, Invitation Homes said $1,210.0 million of its Revolving Facility remained undrawn and cash and cash equivalents were $65.1 million. The company also said it amended the 2022 Term Loan Facility to change the initial maturity date from June 22, 2029 to April 28, 2028 on April 28, 2025.

Key figures

Quarter ended June 30, 2025

Revenue

$681M

Net income

$141M

EPS

$0.23

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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