Investor Presentaiton

Track Record Of Consistency And Sector-Leading Growth Differentiated locations, scale, and local expertise have driven consistent organic growth outperformance Invitation Homes AMH 2017 SS-NOI Growth National Multifamily 2.8% Coastal 2.9% Multifamily Invitation Homes 2020 SS-NOI Growth AMH National Multifamily Coastal Multifamily -6.1% 5.1% -1.5% 2.0% Cumulative SS-NOI Growth (2017-2022) Invitation Homes (1) AMH National Multifamily Coastal 2018 SS-NOI Growth 7.4% Invitation Homes 2019 SS-NOI Growth 4.4% Invitation Homes AMH 2.8% AMH 3.7% National Multifamily National 2.9% Multifamily Coastal Coastal 2.3% 3.3% Multifamily Multifamily 2021 SS-NOI Growth 2022 SS-NOI Growth 3.7% Invitation Homes 9.4% Invitation Homes 9.1% AMH National Multifamily Coastal Multifamily -5.1% 2.9% AMH 9.1% 8.7% National Multifamily Coastal Multifamily 28.9% 4.2% 15.3% 13.5% 46.6% 35.5% $99M incremental IH SS-NOI $158M incremental IH SS-NOI 5.6% Multifamily 9.9% $328M incremental IH SS-NOI National Multifamily represents simple average of CPT, MAA, and UDR. Coastal Multifamily represents simple average of AVB, EQR, and ESS. Data, including non-GAAP measures, is from public filings. There can be no assurance that our basis for computing this non-GAAP measure is comparable with that of other companies, including those mentioned above. 7 invitation homes™

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