Invitation Homes (INVH) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The trend of sequential revenue growth continued from the prior periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The trend of sequential revenue growth continued from the prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$660.3M
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.6B
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, 2023 | $624.3M | +7.7% |
| Mar 31, 2024 | $646M | +9.5% |
| Jun 30, 2024 | $653.5M | +8.8% |
| Sep 30, 2024 | $660.3M | +6.9% |
Revenue performance
The reported revenue rose from the prior quarter, reflecting a steady upward trajectory. Compared to the same quarter a year ago, revenue was also higher.
Quarterly comparison
When compared with the preceding quarter, revenue showed an increase. The year-over-year comparison also indicated growth, with revenue exceeding the level of the same period last year.
What to watch
The filing highlights risks from rising property taxes, homeowners' association fees, and insurance costs, which could affect future results.