SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross

Invitation Homes·Geographic·18 segments·Rolls up to Real Estate Gross At Carrying Value

Breakdown

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Southern California	$2.76B	$2.74B	$2.66B	$2.61B	$2.55B
Atlanta	$2.28B	$2.32B	$2.41B	$2.44B	$2.51B
South Florida	$2.43B	$2.51B	$2.50B	$2.48B	$2.47B
Tampa	$1.82B	$1.92B	$2.16B	$2.32B	$2.42B
Phoenix	$1.77B	$1.89B	$2.06B	$2.09B	$2.11B
Orlando	$1.31B	$1.37B	$1.48B	$1.53B	$1.63B
Carolinas	$1.14B	$1.19B	$1.26B	$1.45B	$1.51B
Seattle	$1.22B	$1.28B	$1.28B	$1.26B	$1.26B
Northern California	$1.29B	$1.35B	$1.32B	$1.27B	$1.25B
Denver	$939.74M	$974.21M	$962.94M	$1.05B	$1.16B
Las Vegas	$798.67M	$846.61M	$949.28M	$957.71M	$963.16M
Dallas	$675.06M	$693.57M	$750.01M	$811.69M	$941.19M
Houston	$393.42M	$396.65M	$479.88M	$492.54M	$587.92M
Chicago	$560.19M	$558.50M	$560.15M	$563.82M	$569.53M
Jacksonville	$380.29M	$396.20M	$426.30M	$434.80M	$485.50M
Minneapolis	$258.06M	$259.33M	$257.20M	$258.33M	$257.89M
Nashville	—	—	$10.25M	$54.66M	$100.93M
Salt Lake City	—	—	—	—	$3.59M
Total	—	—	—	—	—

JacksonvilleView metric

Northern CaliforniaView metric

Salt Lake CityView metric

South FloridaView metric

Southern CaliforniaView metric

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Southern California	$2.76B	$2.74B	$2.66B	$2.61B	$2.55B
Atlanta	$2.28B	$2.32B	$2.41B	$2.44B	$2.51B
South Florida	$2.43B	$2.51B	$2.50B	$2.48B	$2.47B
Tampa	$1.82B	$1.92B	$2.16B	$2.32B	$2.42B
Phoenix	$1.77B	$1.89B	$2.06B	$2.09B	$2.11B
Orlando	$1.31B	$1.37B	$1.48B	$1.53B	$1.63B
Carolinas	$1.14B	$1.19B	$1.26B	$1.45B	$1.51B
Seattle	$1.22B	$1.28B	$1.28B	$1.26B	$1.26B
Northern California	$1.29B	$1.35B	$1.32B	$1.27B	$1.25B
Denver	$939.74M	$974.21M	$962.94M	$1.05B	$1.16B
Las Vegas	$798.67M	$846.61M	$949.28M	$957.71M	$963.16M
Dallas	$675.06M	$693.57M	$750.01M	$811.69M	$941.19M
Houston	$393.42M	$396.65M	$479.88M	$492.54M	$587.92M
Chicago	$560.19M	$558.50M	$560.15M	$563.82M	$569.53M
Jacksonville	$380.29M	$396.20M	$426.30M	$434.80M	$485.50M
Minneapolis	$258.06M	$259.33M	$257.20M	$258.33M	$257.89M
Nashville	—	—	$10.25M	$54.66M	$100.93M
Salt Lake City	—	—	—	—	$3.59M
Total	—	—	—	—	—