Invitation Homes (INVH) investor relations material

Executive summary

• Achieved strong operational and financial performance in 2025, with high occupancy (96.8%), solid retention, and over three years average resident tenure.

• Expanded partnerships with homebuilders, launched a developer lending program, and acquired ResiBuilt to increase housing supply.

• Enhanced balance sheet flexibility through disciplined capital management and proactive investment strategies.

• Maintained high resident satisfaction, with a 4.8-star average on post-maintenance surveys and robust community engagement.

• Associates contributed over 15,000 volunteer hours and supported workforce development initiatives.

Voting matters and shareholder proposals

• Election of nine director nominees for a one-year term expiring at the 2027 annual meeting.

• Ratification of Deloitte & Touche LLP as independent auditor for 2026.

• Advisory vote to approve executive compensation (say-on-pay).

• Approval of the 2026 Omnibus Incentive Plan to replace the 2017 Plan.

Board of directors and corporate governance

• Board reduced from ten to nine members, with 89% independence and 33% gender or ethnic diversity.

• Chairperson role is separate from CEO; annual election of all directors.

• Proxy access allows significant shareholders to nominate directors.

• Regular board and committee evaluations, with a focus on succession planning and board refreshment.

• Limits on director overboarding and robust stock ownership requirements for directors and executives.