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Invitation Homes INVH Las Vegas — Number of Encumbered Properties

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Summit Hotel Properties logo
INNNumber of Encumbered Properties
30.0%
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GOODNumber Of Existing Encumbered Properties
$42-70.0%
American Homes 4 Rent logo
AMHLas Vegas, NV — Gross Book Value of Encumbered Assets
$0-100%
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GOODEncumbered properties
42-70.0%
Summit Hotel Properties logo
INNNumber of  properties encumbered
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Universal Health Services logo
UHSLas Vegas Nevada — Number Of Hospital Facilities
2+14.3%

Other financials

Income statement

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Revenue$734.1M+8.8%
Net income$160.5M-3.2%
EPS (diluted)$0.26-3.7%

Balance sheet

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Cash & equivalents$373.0M+17.1%
Total debt$9.8B+21.0%
Total equity$9.1B-6.5%
Total assets$18.7B+0.7%

Cash flow

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Operating cash flow$293.0M-2.5%
CapEx$6.3M-19.4%
Free cash flow$122.4M-2.1%

Valuation

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Market cap$18.12B-2.3%
Enterprise value$27.59B+4.2%
P/E31.1×-2.9×
P/S6.5×-0.4×

Profitability

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Operating margin15.5%
Net margin20.9%+2.9pp
FCF margin43.2%+3.0pp

Returns & leverage

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Return on equity6.2%+1.4pp
Debt / equity1.1×+0.2×

Where this comes from

Reported directly by Invitation Homes in its filing.

Tagged under the XBRL concept invh:SECScheduleIIIRealEstateNumberofEncumberedUnits.

The source filing: Invitation Homes’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 2:47 PM EST
Fiscal year
FY2025
Accession
0001687229-26-000016
MarketNumber of Properties(1)Number of Encumbered Properties(2)Encumbrances(2)Initial Cost to Company / LandInitial Cost to Company / Depreciable PropertiesCost Capitalized Subsequent to Acquisition / LandCost Capitalized Subsequent to Acquisition / Depreciable PropertiesGross Amount at Close of Period / LandGross Amount at Close of Period / Depreciable PropertiesGross Amount at Close of Period / Total(3)Accumulated DepreciationDate of ConstructionDate AcquiredDepreciable Period
Denver2,95346767,927313,367730,514113,497313,367844,0111,157,378(198,296)1885-20252017-202532 years
Houston2,64428024,33399,545428,70759,67199,545488,378587,923(108,880)1954-20252017-202532 years
Jacksonville2,14427441,278104,807300,53580,155104,807380,690485,497(134,302)1955-20252012-202532 years
Las Vegas3,38720938,406160,491697,220105,453160,491802,673963,164(225,465)1964-20192012-202532 years
Minneapolis1,033563260,885126,48370,52060,885197,003257,888(84,705)1886-20152013-201532 years
Nashville27221,46376,8372,63221,46379,469100,932(2,876)1990-20252023-202532 years
Northern California3,987614119,294325,437740,170179,495325,437919,6651,245,102(322,032)1900-20172012-202232 years
Orlando6,955896125,187270,9091,122,937236,030270,9091,358,9671,629,876(407,336)1947-20252012-202532 years

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Invitation Homes's las vegas — number of encumbered properties?
Invitation Homes (INVH) reported las vegas — number of encumbered properties of 52.3 in Q4 2025.
How has Invitation Homes's las vegas — number of encumbered properties changed year-over-year?
Invitation Homes's las vegas — number of encumbered properties decreased by 0.0% year-over-year, from 52.3 to 52.3.
What is the long-term trend for Invitation Homes's las vegas — number of encumbered properties?
Over 4 years (2021 to 2025), Invitation Homes's las vegas — number of encumbered properties has grown at a -42.1% compound annual growth rate (CAGR), from 1.9K to 209.
What does las vegas — number of encumbered properties mean?
The number of properties within the Las Vegas portfolio that serve as collateral for specific debt obligations or mortgages. This metric provides insight into the financing structure of the regional portfolio and the extent to which assets are pledged to lenders.

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