Invitation Homes Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “INVH.” Holders As of February 15, 2021, there were 54 holders of record of 567,220,432 shares of common stock outstanding. This does not include the number of stockholders who hold shares of our common stock through banks, brokers, and other financial institutions. Dividends We have elected to qualify as a REIT for United States federal income tax purposes. The Code generally requires that a REIT annually distribute at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gain, and imposes tax on any REIT taxable income retained by a REIT, including capital gains. To satisfy the requirements to qualify as a REIT and to avoid paying tax on our income, we intend to make quarterly distributions of all, or substantially all, of our REIT taxable income (excluding net capital gains) to our stockholders. For income tax purposes, dividends paid to holders of common stock primarily consist of ordinary income, capital gains, qualified dividends, unrecaptured Section 1250 gains, and return of capital, or a combination thereof. For the years ended December 31, 2020 and 2019, dividends per share held for the entire year were estimated to be taxable as follows: 2020 2019 Amount (1) Percentage Amount (1) Percentage Ordinary income $ 0.43 71.8 % $ 0.23 45.4 % Capital gains 0.12 20.7 % 0.22 42.7 % Qualified dividends 0.01 0.9 % 0.01 0.5 % Unrecaptured Section 1250 gain 0.04 6.6 % 0.06 11.4 % Return of capital — — % — — % Total $ 0.60 100.0 % $ 0.52 100.0 % (1) Amounts are displayed in actual dollars per share. 53 Stock Performance Graph The following graph shows the total stockholder return of an investment of $100 cash on February 1, 2017 (the date our common stock began trading on the NYSE) for (1) our common stock, (2) the S&P 500 Total Return Index, and (3) the MSCI US REIT (RMS) Total Return Index. All values assume reinvestment of the full amount of all dividends. Stockholder returns over the indicated period are based on historical data and are not necessarily indicative of future stockholder returns. Cumulative Total Returns as of February 1, 2017 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Invitation Homes Inc. $ 100.00 $ 119.02 $ 103.43 $ 157.50 $ 159.38 S&P 500 Index 100.00 119.50 114.26 150.24 177.88 MSCI US REIT Index 100.00 106.43 101.56 127.80 118.12 Repurchases of Equity Securities We made no repurchases of our common stock during the three months ended December 31, 2020. ITEM 6. SELECTED FINANCIAL DATA The selected financial data previously required by Item 301 of Regulation S-K has been omitted in reliance on SEC Release No. 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information . 54