2024 Q2 Form 10-Q Financial Statement

#000168722924000028 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $653.5M $646.0M
YoY Change 8.84% 9.52%
Cost Of Revenue $266.8M $261.6M
YoY Change 12.4% 12.73%
Gross Profit $386.6M $384.4M
YoY Change 6.52% 7.43%
Gross Profit Margin 59.17% 59.5%
Selling, General & Admin $21.50M $23.45M
YoY Change 8.63% 34.36%
% of Gross Profit 5.56% 6.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $176.6M $175.3M
YoY Change 6.55% 6.46%
% of Gross Profit 45.68% 45.61%
Operating Expenses $198.1M $198.8M
YoY Change 6.78% 9.13%
Operating Profit $188.5M $185.6M
YoY Change 6.24% 5.67%
Interest Expense -$93.99M -$95.19M
YoY Change 17.29% -221.97%
% of Operating Profit -49.86% -51.28%
Other Income/Expense, Net -$54.01M $5.973M
YoY Change 1270.52% -499.8%
Pretax Income $73.43M $142.8M
YoY Change -46.9% 18.41%
Income Tax
% Of Pretax Income
Net Earnings $73.19M $142.2M
YoY Change -46.85% 18.23%
Net Earnings / Revenue 11.2% 22.0%
Basic Earnings Per Share $0.12 $0.23
Diluted Earnings Per Share $0.12 $0.23
COMMON SHARES
Basic Shares Outstanding 612.5M shares 612.0M shares
Diluted Shares Outstanding 613.8M shares 613.8M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $749.4M $738.1M
YoY Change 80.89% 126.92%
Cash & Equivalents $749.4M $738.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $68.05M $70.39M
Other Receivables $0.00 $0.00
Total Short-Term Assets $749.4M $808.5M
YoY Change 58.47% 109.5%
LONG-TERM ASSETS
Property, Plant & Equipment $39.02M $17.23B
YoY Change -99.77% 69431.8%
Goodwill $258.2M $258.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $268.8M $380.8M
YoY Change -34.37% 39.55%
Other Assets $213.8M $399.8M
YoY Change -49.95% 3.25%
Total Long-Term Assets $18.49B $18.40B
YoY Change 2.33% 1.57%
TOTAL ASSETS
Total Short-Term Assets $749.4M $808.5M
Total Long-Term Assets $18.49B $18.40B
Total Assets $19.24B $19.21B
YoY Change 3.76% 3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $354.3M $240.5M
YoY Change 46.94% 6.24%
Accrued Expenses $23.79M $10.10M
YoY Change 85.7% -27.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $865.0K $1.345M
YoY Change -41.16% -34.93%
Total Short-Term Liabilities $534.1M $432.2M
YoY Change 23.52% 3.13%
LONG-TERM LIABILITIES
Long-Term Debt $8.544B $8.549B
YoY Change 10.0% 10.03%
Other Long-Term Liabilities $94.82M $59.03M
YoY Change 58.75% -5.1%
Total Long-Term Liabilities $8.639B $8.608B
YoY Change 10.37% 9.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $534.1M $432.2M
Total Long-Term Liabilities $8.639B $8.608B
Total Liabilities $9.173B $9.075B
YoY Change 10.62% 9.99%
SHAREHOLDERS EQUITY
Retained Earnings -$1.198B -$1.100B
YoY Change 18.54% 11.17%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.03B $10.13B
YoY Change
Total Liabilities & Shareholders Equity $19.24B $19.21B
YoY Change 3.76% 3.82%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $73.19M $142.2M
YoY Change -46.85% 18.23%
Depreciation, Depletion And Amortization $176.6M $175.3M
YoY Change 6.55% 6.46%
Cash From Operating Activities $369.8M $265.6M
YoY Change 31.62% -16.43%
INVESTING ACTIVITIES
Capital Expenditures $189.0M $154.5M
YoY Change 68.83% 40.58%
Acquisitions
YoY Change
Other Investing Activities $13.69M $129.6M
YoY Change -84.75% 884.41%
Cash From Investing Activities -$175.3M -$24.90M
YoY Change 691.65% -64.35%
FINANCING ACTIVITIES
Cash Dividend Paid $173.2M
YoY Change 8.08%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -178.7M -190.8M
YoY Change 6.66% 9.9%
NET CHANGE
Cash From Operating Activities 369.8M 265.6M
Cash From Investing Activities -175.3M -24.90M
Cash From Financing Activities -178.7M -190.8M
Net Change In Cash 15.77M 49.92M
YoY Change -82.71% -32.87%
FREE CASH FLOW
Cash From Operating Activities $369.8M $265.6M
Capital Expenditures $189.0M $154.5M
Free Cash Flow $180.8M $111.1M
YoY Change 6.98% -46.56%

Facts In Submission

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234000 usd
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1249000 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-664000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-190767000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-173581000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49922000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74369000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897484000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
453927000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
947406000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
528296000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
89012000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
67677000 usd
CY2024Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
719000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
451000 usd
CY2024Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
52000 usd
CY2023Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
22000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1738000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1523000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1249000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
664000 usd
CY2024Q1 invh Capital Expenditures Incurred But Not Yet Paid Renovation Improvements
CapitalExpendituresIncurredButNotYetPaidRenovationImprovements
1087000 usd
CY2023Q1 invh Capital Expenditures Incurred But Not Yet Paid Renovation Improvements
CapitalExpendituresIncurredButNotYetPaidRenovationImprovements
990000 usd
CY2024Q1 invh Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements
CapitalExpendituresIncurredButNotYetPaidResidentialPropertyCapitalImprovements
5799000 usd
CY2023Q1 invh Capital Expenditures Incurred But Not Yet Paid Residential Property Capital Improvements
CapitalExpendituresIncurredButNotYetPaidResidentialPropertyCapitalImprovements
8041000 usd
CY2024Q1 invh Reclassification Of Inventory Real Estate Held For Sale
ReclassificationOfInventoryRealEstateHeldForSale
36349000 usd
CY2023Q1 invh Reclassification Of Inventory Real Estate Held For Sale
ReclassificationOfInventoryRealEstateHeldForSale
35449000 usd
CY2024Q1 invh Increase Decrease In Fair Value Of Cash Flow Hedges
IncreaseDecreaseInFairValueOfCashFlowHedges
8852000 usd
CY2023Q1 invh Increase Decrease In Fair Value Of Cash Flow Hedges
IncreaseDecreaseInFairValueOfCashFlowHedges
-34046000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
161000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3058000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
646000 usd
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
9000000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
900000000 shares
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 invh Business Combination Percentage Ownership Of The Combined Entity After The Transaction By Stockholders Of The Company
BusinessCombinationPercentageOwnershipOfTheCombinedEntityAfterTheTransactionByStockholdersOfTheCompany
0.997
CY2024Q1 invh Limited Partners Capital Account Conversion Ratio
LimitedPartnersCapitalAccountConversionRatio
1
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated 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 condensed consolidated 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.</span></div>
CY2024Q1 us-gaap Land
Land
4869884000 usd
CY2023Q4 us-gaap Land
Land
4881890000 usd
CY2024Q1 invh Investment Buildings
InvestmentBuildings
16041330000 usd
CY2023Q4 invh Investment Buildings
InvestmentBuildings
15977256000 usd
CY2024Q1 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
565847000 usd
CY2023Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
565214000 usd
CY2023Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
3375000 usd
CY2024Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
127974000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
127536000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
21605035000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
21551896000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4418164000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4262682000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17186871000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17289214000 usd
CY2024Q1 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
135683000 usd
CY2023Q4 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
135004000 usd
CY2024Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78553000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78073000 usd
CY2024Q1 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
30829000 usd
CY2023Q4 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
30531000 usd
CY2024Q1 invh Capitalized Insurance Net
CapitalizedInsuranceNet
5072000 usd
CY2023Q4 invh Capitalized Insurance Net
CapitalizedInsuranceNet
5037000 usd
CY2024Q1 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3709000 usd
CY2023Q4 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3691000 usd
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
60000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
178000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
738125000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
700618000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
209281000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
196866000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
947406000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897484000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
209281000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
196866000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
238330000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
247166000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5138000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4155000 usd
CY2024Q1 us-gaap Deposit Assets
DepositAssets
89585000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
92151000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86333000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86471000 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
84339000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
75488000 usd
CY2024Q1 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
70393000 usd
CY2023Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
60810000 usd
CY2024Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
67736000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
47770000 usd
CY2024Q1 invh Equity Securities
EquitySecurities
56170000 usd
CY2023Q4 invh Equity Securities
EquitySecurities
55991000 usd
CY2024Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
30923000 usd
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
46203000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30225000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31474000 usd
CY2024Q1 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
14969000 usd
CY2023Q4 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
13532000 usd
CY2024Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2241000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2972000 usd
CY2024Q1 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
46210000 usd
CY2023Q4 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
16034000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
579124000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
528896000 usd
CY2024Q1 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
124 property
CY2023Q4 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
189 property
CY2024Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P12M
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
41845000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35511000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1204700000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
416112000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
18130000 usd
CY2024Q1 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.060
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.036
CY2023Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.052
CY2024Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
11846000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
0 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 usd
CY2024Q1 invh Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
0 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1638942000 usd
CY2024Q1 invh Property And Asset Management Service Agreement Number Of Real Estate Properties
PropertyAndAssetManagementServiceAgreementNumberOfRealEstateProperties
18122 home
CY2023Q1 invh Property And Asset Management Service Agreement Number Of Real Estate Properties
PropertyAndAssetManagementServiceAgreementNumberOfRealEstateProperties
3570 home
CY2024Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
13942000 usd
CY2023Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
3375000 usd
CY2024Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
55074000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
54686000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1096000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1305000 usd
CY2024Q1 invh Equity Securities
EquitySecurities
56170000 usd
CY2023Q4 invh Equity Securities
EquitySecurities
55991000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-209000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
88000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-209000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
88000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8425000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6544000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9236000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4296000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10095000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
5606000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11097000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3796000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.037
CY2024Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2241000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2972000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86471000 usd
CY2024Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
234000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3138163000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
990855000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
750000000 usd
CY2024Q1 invh Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3728129000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8607147000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
42049000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
20716000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
8544382000 usd
CY2023Q1 invh Cost To Terminate Swap
CostToTerminateSwap
13292000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
63260000 usd
CY2023Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
63260000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
84339000 usd
CY2024Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
84339000 usd
CY2024Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2024Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
84339000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2024Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2024Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2024Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2024Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
75488000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
75488000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
75488000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
32737000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
89845000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
78047000 usd
CY2024Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0 usd
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
612485098 shares
CY2024Q1 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1986509 shares
CY2024Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
526859 shares
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
452398 shares
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
171721000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160350000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160540000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
159493000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
158453000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.207
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.246
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0425
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y9M29D
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7900000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6498000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
48759000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y1M13D
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
142158000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
142158000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
120071000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120071000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
612219520 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611588465 shares
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1587646 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
975833 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613807166 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
612564298 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3472000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1345000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3156000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1597000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2029000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1575000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1341000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1305000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
661000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
120000 usd
CY2024Q1 invh Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
158000 usd
CY2024Q1 invh Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10817000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5942000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
722000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
336000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10095000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
5606000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
837000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
893000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
475000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
326000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
1312000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
1219000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
919000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
622000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
152000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
56000 usd
CY2024Q1 invh Finance Lease Cost
FinanceLeaseCost
1071000 usd
CY2023Q1 invh Finance Lease Cost
FinanceLeaseCost
678000 usd
invh Property And Asset Management Services Third Party Agreement Number Of Properties Expected To Be Serviced
PropertyAndAssetManagementServicesThirdPartyAgreementNumberOfPropertiesExpectedToBeServiced
3000 property

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