Same Store NOI Growth definition

Same Store NOI Growth means net operating income for an identified population of homes as set forth in the Company’s annual and quarterly reports filed with the SEC in respect of the actual Performance Period. This Restricted Stock Unit Agreement, effective as of the Date of Grant (as defined below), is between Invitation Homes Inc., a Maryland corporation (the “Company”), and the Participant (as defined below).
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Same Store NOI Growth means the growth in same store net operating income of the Trust for the Performance Period as compared to the prior Performance Period, as adjusted and calculated in accordance with the Trust’s accounting principles.
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Same Store NOI Growth means net operating income for an identified population of homes as set forth in the Company’s annual and quarterly reports filed with the SEC in respect of the actual Performance Period.
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Examples of Same Store NOI Growth in a sentence

  • If Average 3-Year Same Store NOI Growth is above Maximum Performance, 150% of the Target Award shall vest and if Average 3-Year Same Store NOI Growth is below Threshold Performance, 0% percent of the Target Award shall vest.

  • Subject to the Participant’s Continuous Service through the applicable vesting date (except as otherwise provided below), the Participant shall become vested in a percentage of the Deferred Stock Units shown below based upon the level of achievement of Average 3-Year Same Store NOI Growth and the following vesting schedule: Performance will be measured over a three-year performance period commencing on January 1, 20[ ] and ending on December 31, 20[ ] (the “Performance Period”).

  • If Average 3-Year Same Store NOI Growth falls between Threshold Performance and Target Performance or between Target Performance and Maximum Performance, the percentage of the Target Award that vests will be determined by straight-line interpolation.


More Definitions of Same Store NOI Growth

Same Store NOI Growth means net operating income (“NOI”) for an identified population of homes as rental revenues and other property income less property operating and maintenance expense (which consists primarily of property taxes, insurance, HOA fees (when applicable), market level personnel expenses, repairs and maintenance, leasing costs and marketing), and excludes: interest expense; depreciation and amortization; general and administrative expense; property management expense, net of tax; impairment and other; acquisition costs; (gain) loss on sale of property; and interest income and other miscellaneous income and expenses. This Restricted Stock Unit Agreement, effective as of the Date of Grant (as defined below), is between Invitation Homes Inc., a Maryland corporation (the “Company”), and the Participant (as defined below).
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