2019 Q4 Form 10-K Financial Statement

#000168722920000004 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $444.3M $443.3M $441.6M
YoY Change 2.7% 2.09% 2.12%
Cost Of Revenue $182.1M $191.4M $182.6M
YoY Change 3.17% 2.52% 1.56%
Gross Profit $262.1M $252.0M $259.0M
YoY Change 2.34% 1.82% 2.49%
Gross Profit Margin 58.99% 56.84% 58.65%
Selling, General & Admin $15.40M $16.40M $14.40M
YoY Change 7.69% -7.87% -29.41%
% of Gross Profit 5.88% 6.51% 5.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $133.7M $133.3M $133.0M
YoY Change 2.69% -4.35% -9.16%
% of Gross Profit 51.01% 52.9% 51.36%
Operating Expenses $149.2M $149.7M $147.5M
YoY Change 3.25% -57.29% -58.45%
Operating Profit $112.9M $102.3M $111.5M
YoY Change 1.16% 22.13% 43.93%
Interest Expense -$88.40M $89.07M $95.71M
YoY Change -8.39% -8.71% -1.56%
% of Operating Profit -78.3% 87.06% 85.83%
Other Income/Expense, Net $3.100M $4.735M $610.0K
YoY Change 933.33% 42.19% -100.64%
Pretax Income $52.60M $34.00M $39.40M
YoY Change 104.67% 3300.0% -377.46%
Income Tax $576.0K $844.0K
% Of Pretax Income 1.69% 2.14%
Net Earnings $52.55M $33.71M $38.94M
YoY Change 104.38% 3204.61% -379.23%
Net Earnings / Revenue 11.83% 7.6% 8.82%
Basic Earnings Per Share $0.10 $0.06 $0.07
Diluted Earnings Per Share $0.10 $0.06 $0.07
COMMON SHARES
Basic Shares Outstanding 540.2M shares 537.8M shares 525.1M shares
Diluted Shares Outstanding 541.5M shares 538.6M shares 525.9M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.00M $82.00M $77.00M
YoY Change -36.55% -36.92% -53.89%
Cash & Equivalents $92.26M $81.53M $77.05M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $25.00M $29.00M $29.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $117.0M $111.0M $106.0M
YoY Change -34.27% -33.13% -45.08%
LONG-TERM ASSETS
Property, Plant & Equipment $9.825M $10.51M $10.88M
YoY Change -16.68% -14.21% -39.48%
Goodwill $258.2M $258.2M $258.2M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $54.78M $55.66M $56.03M
YoY Change -3.26% -1.78% -1.4%
Other Assets $354.0M $642.0M $448.0M
YoY Change -14.29% 4.73% 21.74%
Total Long-Term Assets $17.28B $17.55B $17.61B
YoY Change -3.41% -4.16% -4.68%
TOTAL ASSETS
Total Short-Term Assets $117.0M $111.0M $106.0M
Total Long-Term Assets $17.28B $17.55B $17.61B
Total Assets $17.39B $17.66B $17.71B
YoY Change -3.71% -4.42% -5.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.0M $278.0M $228.0M
YoY Change 9.41% 1.09% 2.7%
Accrued Expenses $14.00M $15.00M $16.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $0.00 $0.00
YoY Change
Total Short-Term Liabilities $349.0M $442.0M $396.0M
YoY Change 9.4% 3.76% 5.88%
LONG-TERM LIABILITIES
Long-Term Debt $8.468B $8.657B $8.966B
YoY Change -8.45% -8.44% -7.21%
Other Long-Term Liabilities $310.0M $384.0M $315.0M
YoY Change 146.03% 1138.71% 600.0%
Total Long-Term Liabilities $8.778B $9.041B $9.281B
YoY Change -6.38% -4.69% -4.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.0M $442.0M $396.0M
Total Long-Term Liabilities $8.778B $9.041B $9.281B
Total Liabilities $9.127B $9.484B $9.677B
YoY Change -5.85% -4.32% -4.02%
SHAREHOLDERS EQUITY
Retained Earnings -$524.6M -$505.9M -$469.1M
YoY Change 33.62% 40.39% 54.42%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.214B $8.097B $7.958B
YoY Change
Total Liabilities & Shareholders Equity $17.39B $17.66B $17.71B
YoY Change -3.71% -4.42% -5.1%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $52.55M $33.71M $38.94M
YoY Change 104.38% 3204.61% -379.23%
Depreciation, Depletion And Amortization $133.7M $133.3M $133.0M
YoY Change 2.69% -4.35% -9.16%
Cash From Operating Activities $71.30M $215.5M $182.1M
YoY Change 48.23% 6.26% 1.05%
INVESTING ACTIVITIES
Capital Expenditures -$45.80M -$48.20M -$40.70M
YoY Change 22.46% 5.7% 29.62%
Acquisitions
YoY Change
Other Investing Activities $174.6M -$17.50M $24.90M
YoY Change -27.67% -118.64% -144.54%
Cash From Investing Activities $128.8M -$65.80M -$15.80M
YoY Change -36.86% -235.95% -81.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -240.2M -142.8M -198.3M
YoY Change -12.91% -48.52% 169.06%
NET CHANGE
Cash From Operating Activities 71.30M 215.5M 182.1M
Cash From Investing Activities 128.8M -65.80M -15.80M
Cash From Financing Activities -240.2M -142.8M -198.3M
Net Change In Cash -40.10M 6.900M -32.00M
YoY Change 69.2% -126.34% -267.54%
FREE CASH FLOW
Cash From Operating Activities $71.30M $215.5M $182.1M
Capital Expenditures -$45.80M -$48.20M -$40.70M
Free Cash Flow $117.1M $263.7M $222.8M
YoY Change 36.96% 6.16% 5.29%

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CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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19686000 USD
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19686000 USD
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19686000 USD
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CY2018 us-gaap Amortization Of Deferred Leasing Fees
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39259000 USD
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27191000 USD
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22271000 USD
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7343000 USD
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9124000 USD
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1390000 USD
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2231000 USD
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49682000 USD
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33896000 USD
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CY2017 us-gaap Cash Acquired From Acquisition
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2940000 USD
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10890000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
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14083000 USD
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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5207000 USD
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2306000 USD
CY2017 us-gaap Increase Decrease In Security Deposits
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3281000 USD
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586075000 USD
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252391000 USD
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205980000 USD
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211737000 USD
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420211000 USD
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286245000 USD
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359991000 USD
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416562000 USD
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2525000 USD
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13382000 USD
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7189000 USD
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8715000 USD
CY2019 invh Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements
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11520000 USD
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7189000 USD
CY2017 invh Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements
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7282000 USD
CY2019 invh Reclassification Of Inventory Real Estate Held For Sale
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545448000 USD
CY2018 invh Reclassification Of Inventory Real Estate Held For Sale
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441005000 USD
CY2017 invh Reclassification Of Inventory Real Estate Held For Sale
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76801000 USD
CY2019 invh Reclassification Of Capitalized Initial Public Offering Costs Upon Offering
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0 USD
CY2018 invh Reclassification Of Capitalized Initial Public Offering Costs Upon Offering
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0 USD
CY2017 invh Reclassification Of Capitalized Initial Public Offering Costs Upon Offering
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2969000 USD
CY2019 invh Increase Decrease In Fair Value Of Cash Flow Hedges
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CY2018 invh Increase Decrease In Fair Value Of Cash Flow Hedges
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CY2017 invh Increase Decrease In Fair Value Of Cash Flow Hedges
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46624000 USD
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1721000 USD
CY2018 us-gaap Capital Lease Obligations Incurred
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2209000 USD
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0 USD
CY2019 invh Conversionof Stock Net Amount Converted
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229944000 USD
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0 USD
CY2017 invh Conversionof Stock Net Amount Converted
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0.01
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0.994
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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14118000 USD
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14118000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Use of Estimates</span></div><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of the </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">consolidated</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">consolidated</span> financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These estimates are inherently subjective in nature and actual results could differ from those estimates
CY2019 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Provisions for Impairment: </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">We continuously evaluate, by property, whether there are any events or changes in circumstances indicating that the carrying amount of our single-family residential properties may not be recoverable.</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> Examples of such events and changes in circumstances that we consider include significant and persistent declines in an individual property’s net operating income, regional changes in home price appreciation as measured by certain independently developed indices, change in expected use of the property, significant adverse legal factors, substantive damage to the individual property as a result of natural disasters and other risks inherent in our business not covered by insurance proceeds, or a current expectation that a property will be disposed of prior to the end of its estimated useful life. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:0px;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">To the extent an event or change in circumstance is identified, a residential property is considered to be impaired only if its carrying value cannot be recovered through estimated future undiscounted cash flows from the use and eventual disposition of the property.</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> Cash flow projections are prepared using internal analyses based on current rental, renewal, and occupancy rates, operating expenses, and inputs from our annual planning process that give consideration to each property’s historical results, current operating trends, and current market conditions. </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">To the extent an impairment has occurred, the carrying amount of our investment in a property is adjusted to its estimated fair value.</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> To determine the estimated fair value, we consider local broker price opinions (“BPOs”) and automated valuation model (“AVM”) data, each of which are important components of our process with no one information source being necessarily determinative. In order to validate the BPOs and AVM data received and used in our assessment of fair value of real estate, we perform an internal review to determine if an acceptable valuation approach was used to estimate fair value in compliance with guidance provided by ASC 820, </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;">Fair Value Measurements</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">. Additionally, we undertake an internal review to assess the relevance and appropriateness of comparable transactions that have been used, and any adjustments to comparable transactions made, in reaching the value opinions. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:0px;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">The process whereby we assess our single-family residential properties for impairment requires significant judgment and assessment of factors that are, at times, subject to significant uncertainty. We evaluate multiple information sources and perform a number of internal analyses, each of which are important components of our process with no one information source or analysis being necessarily determinative.</span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;"> </span></div>
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
116529000 USD
CY2018Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
154077000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
92759000 USD
CY2019Q4 us-gaap Land
Land
4499346000 USD
CY2018Q4 us-gaap Land
Land
4561441000 USD
CY2019Q4 invh Investment Buildings
InvestmentBuildings
13121179000 USD
CY2018Q4 invh Investment Buildings
InvestmentBuildings
13026317000 USD
CY2019Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
513269000 USD
CY2018Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
525670000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
113370000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
116546000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
18247164000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
18229974000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2003972000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1543914000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
16243192000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
16686060000 USD
CY2019Q4 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
119608000 USD
CY2018Q4 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
120438000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
65747000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
66449000 USD
CY2019Q4 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
25565000 USD
CY2018Q4 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
25670000 USD
CY2019Q4 invh Capitalized Insurance Net
CapitalizedInsuranceNet
4616000 USD
CY2018Q4 invh Capitalized Insurance Net
CapitalizedInsuranceNet
4694000 USD
CY2019Q4 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
2836000 USD
CY2018Q4 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
2779000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14210000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6709000 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2231000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92258000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
144940000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
193987000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
215051000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286245000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
359991000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
193987000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
215051000 USD
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
316991000 USD
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
366599000 USD
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
116529000 USD
CY2018Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
154077000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
54778000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
56622000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
32106000 USD
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
30970000 USD
CY2019Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
25244000 USD
CY2018Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
33117000 USD
CY2019Q4 invh Financeand Operating Lease Rightof Use Asset
FinanceandOperatingLeaseRightofUseAsset
13768000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9825000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11792000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
7427000 USD
CY2018Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
6316000 USD
CY2019Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2765000 USD
CY2018Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5134000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
1643000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
75405000 USD
CY2019Q4 us-gaap Deposit Assets
DepositAssets
1348000 USD
CY2018Q4 us-gaap Deposit Assets
DepositAssets
1010000 USD
CY2019Q4 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
22842000 USD
CY2018Q4 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
18128000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
605266000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
759170000 USD
CY2019Q4 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
478 property
CY2018Q4 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
738 property
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 USD
CY2019Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Heldtomaturity Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentHeldtomaturitySecurities
0 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12552000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1216000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13787000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1210000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2019Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.040
CY2019Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.040
CY2017Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
9673000 USD
CY2019Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2765000 USD
CY2018Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5134000 USD
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
16650000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
10170000 USD
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
6480000 USD
CY2018 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
316991000 USD
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
366599000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
997421000 USD
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4579594000 USD
CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2951008000 USD
CY2017Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
2500000000 USD
CY2017Q1 invh Debt Instrument Length Of Maturity Date Extensions
DebtInstrumentLengthOfMaturityDateExtensions
P1Y
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
345000000 USD
CY2018Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
574993000 USD
CY2019Q4 us-gaap Convertible Debt
ConvertibleDebt
334299000 USD
CY2018Q4 us-gaap Convertible Debt
ConvertibleDebt
557301000 USD
CY2019Q4 us-gaap Share Price
SharePrice
29.97
CY2019Q4 invh Debt Instrument Percentage Of Repurchase Price To Principal Amount If Company Undergoes Fundamental Change
DebtInstrumentPercentageOfRepurchasePriceToPrincipalAmountIfCompanyUndergoesFundamentalChange
1
CY2019Q4 invh Debt Instrument Event Of Default Minimum Percentage Of Principal Amount
DebtInstrumentEventOfDefaultMinimumPercentageOfPrincipalAmount
0.25
CY2019Q4 invh Debt Instrument Percentage Of Repurchase Price To Principal Amount If Company Defaults
DebtInstrumentPercentageOfRepurchasePriceToPrincipalAmountIfCompanyDefaults
1
CY2019Q4 invh Debt Instrument Percentage Of Repurchase Price To Principal Amount If Company Defaults
DebtInstrumentPercentageOfRepurchasePriceToPrincipalAmountIfCompanyDefaults
1
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4332457000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
938430000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1845000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1398984000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8514871000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
36685000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10701000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
8467485000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
44887000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1643000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
1643000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
1054000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
589000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
275679000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
275679000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
1054000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
274625000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
75405000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
75405000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
30374000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
45031000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
90967000 USD
CY2018Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
90967000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
30374000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
60593000 USD
CY2019 us-gaap Interest Expense
InterestExpense
367173000 USD
CY2018 us-gaap Interest Expense
InterestExpense
383595000 USD
CY2017 us-gaap Interest Expense
InterestExpense
256970000 USD
CY2019 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-126000 USD
CY2018 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-641000 USD
CY2017 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4038000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
274625000 USD
CY2019Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
289228000 USD
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
20994748 shares
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1474835 shares
CY2017 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
519173142 shares
CY2019Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3463285 shares
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
70693000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
70465000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
68334000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
67965000 USD
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2018Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
57518000 USD
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
57563000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
57559000 USD
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
57432000 USD
CY2019 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2823000 USD
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2834000 USD
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
385000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.172
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.174
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.145
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.173
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.250
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0225
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0242
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0238
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0140
CY2017Q1 invh Sharebased Compensation Arrangementby Sharebased Payment Award Non Option Equity Instruments Numberof Employees That Elected Notto Convert Shares
SharebasedCompensationArrangementbySharebasedPaymentAwardNonOptionEquityInstrumentsNumberofEmployeesThatElectedNottoConvertShares
1
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18158000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29499000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81203000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
147111000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
-5013000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
-105826000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-16879000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1648000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-86000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-489000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
145463000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-4927000 USD
us-gaap Net Income Loss
NetIncomeLoss
-88458000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
395000 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
817000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
615000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
145068000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 invh Sec Schedule Iii Real Estate Acquisitions Through Merger
SECScheduleIIIRealEstateAcquisitionsThroughMerger
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CY2018 invh Sec Schedule Iii Real Estate Acquisitions Through Merger
SECScheduleIIIRealEstateAcquisitionsThroughMerger
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189351000 USD
CY2019 invh Sec Schedule Iii Real Estate Reclassified To Held For Sale
SECScheduleIIIRealEstateReclassifiedToHeldForSale
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CY2018 invh Sec Schedule Iii Real Estate Reclassified To Held For Sale
SECScheduleIIIRealEstateReclassifiedToHeldForSale
123949000 USD
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529205000 USD
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511988000 USD
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297627000 USD
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70382000 USD
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32429000 USD
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16264000 USD
CY2019 invh Sec Schedule Iii Real Estate Accumulated Depreciation Reclassified To Held For Sale
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CY2018 invh Sec Schedule Iii Real Estate Accumulated Depreciation Reclassified To Held For Sale
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11279000 USD
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1543914000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1075634000 USD

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