Invitation Homes (INVH) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased from the prior quarter and rose sharply compared with the same quarter last year. The sequential growth continued a pattern of higher revenue in each of the recent quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased from the prior quarter and rose sharply compared with the same quarter last year. The sequential growth continued a pattern of higher revenue in each of the recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$646M
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+9.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.5B
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 |
|---|---|---|
| Jun 30, 2023 | $600.4M | +7.7% |
| Sep 30, 2023 | $617.7M | +8.6% |
| Dec 31, 2023 | $624.3M | +7.7% |
| Mar 31, 2024 | $646M | +9.5% |
Revenue performance
The reported revenue reflects a higher figure than both the immediately preceding quarter and the year-ago period. The quarterly improvement was meaningful, and the year-over-year advance was notably larger.
Quarterly comparison
Compared with the previous quarter, revenue expanded. Against the same quarter one year earlier, the increase was also solid, continuing the upward trajectory observed over the past several quarters.
What to watch
Revenue has now posted higher amounts in each of the last four reported quarters, a trend worth monitoring for any sign of deceleration.