Invitation Homes Houston — Number of Encumbered Properties remained flat by 0.0% to $70.00 in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.8%, from $71.25 to $70.00. Over 4 years (FY 2021 to FY 2025), Houston — Number of Encumbered Properties shows a downward trend with a -16.8% CAGR.
A decrease suggests deleveraging or a shift toward unsecured debt, while an increase indicates higher reliance on property-level financing.
The number of properties in the specified market that serve as collateral for secured debt obligations. This metric help...
Similar to 'Encumbered Assets' or 'Pledged Properties' reported by real estate investment trusts.
invh_segment_houston_number_of_encumbered_properties| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | 583 | 579 | 576 | 285 | 280 |
| YoY Change | — | -0.7% | -0.5% | -50.5% | -1.8% |