Invitation Homes (INVH) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose compared to both the prior quarter and the same period a year earlier. The sequential gain extended a pattern of steady increases over recent quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose compared to both the prior quarter and the same period a year earlier. The sequential gain extended a pattern of steady increases over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$617.7M
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $579.8M | +11.5% |
| Mar 31, 2023 | $589.9M | +10.8% |
| Jun 30, 2023 | $600.4M | +7.7% |
| Sep 30, 2023 | $617.7M | +8.6% |
Revenue performance
The reported revenue was higher than the immediately preceding quarter, marking a continuation of the upward trend observed in previous periods.
Quarterly comparison
Compared with the same quarter last year, revenue was also higher. The year‑over‑year increase was larger than the sequential change, reflecting sustained growth from the prior year.
What to watch
The revenue trajectory remains positive, with each quarter in the current fiscal year outperforming the preceding one.