Invitation Homes reported $220M of remaining performance obligations at 30 Sep 2026 and down 12% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.
Net new backlog added in the latest quarter: -$30.6M.
57% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 0.1% of the backlog.
By backlog size it ranks 373rd among US filers the cockpit tracks.
Invitation Homes backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$220M
$2.90B
0.1 yrs
$200,000
30 Jun 2026
$250M
$2.86B
0.1 yrs
$100,000
31 Mar 2026
$328M
$2.79B
0.1 yrs
$500,000
Questions
What is Invitation Homes's backlog?
Invitation Homes reported $220M of remaining performance obligations at 30 Sep 2026 and down 12% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.