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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 660M | 1.1% |
| Gross Profit | 360M | 1.8% |
| Cost of Revenue | 300M | 0.1% |
| Operating expense | 23M | 28.8% |
| Net Income | 95M | 30.2% |
| EBITDA | 338M | 5.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 19.6B | 2% |
| Total Liabilities | 9.68B | 5.5% |
| Total Equity | 9.92B | 1.2% |
| Shares Outstanding | 613M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 314M | 15.2% |
| Cash from investing | -292M | 66.9% |
| Cash from financing | 261M | 246.1% |
EPS
Financial Highlights for Invitation Homes in Q3 '24
Invitation Homes reported a revenue of 660M, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 360M, marking a 1.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 300M, a 0.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 23M, showing a -28.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 95M, showing a 30.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 338M, showing a 5.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Invitation Homes with growth in revenue, gross profit, and net income.
