Investor Presentaiton

A Business Model For All Seasons We believe our business and proven strategy position us well against economic uncertainty The location and quality of our homes attracts a higher-end SFR customer Average annual income of new residents nearly $130,000, with an income to rent ratio of 5.4x as of 1Q22 Resident turnover the lowest in our history, with average tenure nearly 32 months as of 1Q22 Our loss to lease offers an expected sizable runway for future growth, as market rents have accelerated higher than renewals in recent years Our investment-grade rated balance sheet provides us with $1.5 billion of liquidity as of March 31, 2022, with no debt maturing prior to 2025 and the majority of our debt unsecured and at fixed or swapped to fixed rates We believe our emphasis on location, scale and eyes in markets is important in good times and critical in more challenging times, with our 16 unique markets offering geographic and economic diversity ► Supply and demand fundamentals for SFR housing expected to remain favorable, with the millennial population just beginning to reach our average resident age of 40 years old Single-family rental homes with shorter duration leases should provide an effective hedge in an inflationary environment Atlanta invitation homes

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