Invitation Homes Phoenix — Number of Encumbered Properties remained flat by 0.0% to $303.50 in Q4 2025 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $303.50 to $303.50. Over 4 years (FY 2021 to FY 2025), Phoenix — Number of Encumbered Properties shows a downward trend with a -24.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Higher numbers indicate greater reliance on secured financing, which may limit financial flexibility compared to unencumbered assets.
The number of properties within the Phoenix portfolio that are pledged as collateral for specific mortgage debt or other...
Comparable to encumbered asset counts in SEC Schedule III filings for real estate investment trusts.
invh_segment_phoenix_number_of_encumbered_properties| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | 3.7K | 1.6K | 1.6K | 1.2K | 1.2K |
| YoY Change | — | -57.5% | -0.8% | -22.0% | +0.0% |