Invitation Homes (INVH) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the prior quarter and the same quarter last year. The company continues to see growth in its single-family rental operations.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter and the same quarter last year. The company continues to see growth in its single-family rental operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$653.5M
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
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 |
|---|---|---|
| Sep 30, 2023 | $617.7M | +8.6% |
| Dec 31, 2023 | $624.3M | +7.7% |
| Mar 31, 2024 | $646M | +9.5% |
| Jun 30, 2024 | $653.5M | +8.8% |
Revenue performance
Revenue growth persisted, reflecting higher rental income and portfolio performance.
Quarterly comparison
Sequential revenue growth was moderate, while the year-over-year increase was more pronounced.
What to watch
Monitor macroeconomic factors and competition in the single-family rental market that may impact future results.