Invitation Homes Inc. (INVH) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Invitation Homes Inc. surfaced in its latest filing.

• As of December 31, 2025, the company has assembled a portfolio of 86,192 owned homes.December 31, 2025
• As of December 31, 2025, the company had $8,458.4 million aggregate principal amount of indebtedness outstanding.December 31, 2025
• Borrowings under debt instruments totaling $2,620.0 million bear interest at variable rates, with an estimated $5.2 million change in annual interest expense per 100 bps change in floating rates.December 31, 2025
• Completed the acquisition of ResiBuilt, including options to acquire approximately 1,500 lots, with no land acquired in the transaction.
• Properties in Texas, Florida, Atlanta, and the Carolinas were impacted by Hurricanes Beryl, Debby, Helene, and Milton in 2024, as well as by wildfires in California.2024
• Resolved a Federal Trade Commission investigation into certain COVID-19 pandemic business practices in 2024.2024
• Settled City of San Diego et al v. Invitation Homes, Inc. in 2024.2024
• Aggregate monetary relief from the FTC resolution and City of San Diego settlement was $68.0 million.
• The California Tenant Protection Act of 2019 limits ability to increase rental rates for existing residents and provides protections for tenancy terminations.2019