Invitation Homes (INVH) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the same period last year, while also showing a modest sequential gain from the immediately preceding quarter. The company maintained its upward trajectory in a year-over-year comparison, with the latest quarter’s result continuing the trend.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the same period last year, while also showing a modest sequential gain from the immediately preceding quarter. The company maintained its upward trajectory in a year-over-year comparison, with the latest quarter’s result continuing the trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$624.3M
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
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 |
|---|---|---|
| Mar 31, 2023 | $589.9M | +10.8% |
| Jun 30, 2023 | $600.4M | +7.7% |
| Sep 30, 2023 | $617.7M | +8.6% |
| Dec 31, 2023 | $624.3M | +7.7% |
Revenue performance
The reported revenue rose from both the prior quarter and the year-ago quarter, reflecting consistent top-line expansion. Sequential growth was modest, while the annual comparison showed a more pronounced increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved by a small margin. When measured against the same quarter one year earlier, the increase was considerably larger.
What to watch
The sequential revenue growth rate decelerated relative to the prior quarter's pace, warranting attention to future quarterly trends.