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American Homes 4 Rent (NYSE: AMH) is a leading real estate investment trust (REIT) specializing in acquiring, renovating, leasing, and managing single-family rental homes across the United States. With a primary focus on urban markets in the Southern and Midwestern regions, AMH leverages the benefits of a national organization combined with innovative leasing technologies and local expertise to provide an exceptional residential rental experience.
AMH’s portfolio boasts nearly 60,000 single-family properties, predominantly in key markets such as Dallas, Indianapolis, Atlanta, and Charlotte. The company generates the majority of its revenue from rental income derived through short-term or annual leases, ensuring a steady cash flow and robust financial condition.
Renowned for its sustainable practices, AMH has received accolades including the LEED® Gold certification for its Las Vegas headquarters, recognition as one of Fortune’s Best Workplaces in Real Estate™, and mentions in Newsweek’s lists of America’s Most Responsible and Most Trustworthy Companies. These achievements highlight AMH’s commitment to environmental stewardship, employee satisfaction, and community impact.
The company's forward-looking strategy includes the AMH Development Program, which focuses on constructing high-quality, energy-efficient homes, contributing to alleviating the nation’s housing shortage. Recent financial reports indicate strong growth, with same-home core revenues and net operating income showing significant year-over-year increases.
AMH maintains a flexible investment grade balance sheet, with no significant debt maturities until late 2024. The company’s proactive approach to capital management includes recent successful issuance of $600 million in green bonds, showcasing its dedication to sustainable development.
For investors, AMH offers a stable and growing dividend, reflecting its robust operating performance and commitment to delivering long-term value. The company continues to excel in its mission to simplify the leasing process and deliver peace of mind to households nationwide.
American Homes 4 Rent (NYSE: AMH) has announced the pricing of a $500 million Senior Notes offering due 2035 through its operating partnership. The Notes will be issued at 99.484% of par value with a 5.250% annual coupon and an effective interest rate of 5.08%. Interest payments will be made semi-annually starting March 15, 2025. The offering is expected to close around December 9, 2024.
The proceeds will be used to repay existing debt, including potential repayment of revolving credit facility and 2015-SFR1 asset-backed securitization notes, along with general corporate purposes such as property acquisitions, developments, and portfolio improvements.
AMH, a leading single-family rental homes REIT, has announced its Q4 2024 dividend distributions. The company declared a dividend of $0.26 per share on common shares, payable on December 31, 2024, to shareholders of record on December 13, 2024. Additionally, quarterly distributions were declared for preferred shares: $0.36719 per share for 5.875% Series G shares and $0.39063 per share for 6.250% Series H shares. AMH currently owns nearly 60,000 single-family properties across various U.S. regions.
AMH reported Q3 2024 financial results with rents and property revenues increasing 5.5% year-over-year to $445.1 million. Net income was $73.8 million ($0.20 per share), while Core FFO grew 6.3% to $0.44 per share. The company acquired a portfolio of nearly 1,700 single-family rental homes for $480 million across 13 markets in October 2024. Same-Home Core NOI increased 5.4% year-over-year, with 95.9% occupancy and 5.2% blended lease rate growth. The company raised its Full Year 2024 Core FFO guidance midpoint to $1.77 per share, representing 6.6% annual growth.
AMH (NYSE: AMH), a leading large-scale integrated owner, operator and developer of single-family rental homes, has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial and operating results on Tuesday, October 29, 2024, after market close. A conference call will be held on Wednesday, October 30, 2024, at 12:00 p.m. Eastern Time to review the results and conduct a Q&A session.
The live conference call will be accessible via toll-free and direct dial numbers for both domestic and international callers. An audio webcast will also be available on the company's website. A replay of the conference call will be accessible through November 13, 2024, via phone and webcast.
AMH, a leading single-family rental home company, announced its participation in the BofA Securities 2024 Global Real Estate Conference on September 11, 2024. The management team will join a roundtable discussion at 10:20 a.m. Eastern Time, with a live audio webcast available on the company's website.
AMH, traded as NYSE: AMH, is a Maryland-based REIT focusing on acquiring, developing, and managing single-family rental properties. As of June 30, 2024, AMH owned nearly 60,000 properties across various U.S. regions. The company has received multiple accolades, including recognition as one of Fortune's 2023 Best Workplaces in Real Estate™ and a 2024 Great Place to Work®.
AMH (NYSE: AMH), a leading single-family rental home owner and operator, has announced its Q3 2024 dividend distributions. The company will pay $0.26 per share on common shares, payable on September 30, 2024, to shareholders of record on September 13, 2024. Additionally, AMH declared quarterly distributions on its preferred shares: $0.36719 per share for 5.875% Series G shares and $0.39063 per share for 6.250% Series H shares, both payable on the same dates as the common share dividend.
AMH, a Maryland REIT, focuses on acquiring, developing, renovating, and managing single-family rental properties. As of June 30, 2024, the company owned nearly 60,000 properties across various U.S. regions. AMH has received recognition as a top workplace and responsible company in recent years.
AMH (NYSE: AMH) announced its Q2 2024 financial results on August 1, 2024. Key highlights include:
- Rents and other single-family property revenues increased 7.1% year-over-year to $423.5 million.
- Net income attributable to common shareholders was $92.1 million or $0.25 per diluted share, compared to $98.0 million or $0.27 per diluted share in Q2 2023.
- Core FFO rose 8.5% to $0.45 per share and unit.
- Adjusted FFO increased 9.4% to $0.39 per share and unit.
- Core NOI from Same-Home properties climbed 5.9% year-over-year.
- AMH issued $500 million in unsecured senior notes due 2034, raising $494 million.
The company raised its 2024 Core FFO guidance midpoint by $0.03 to $1.76 per share and unit, anticipating a full-year growth of 6.0%.
AMH (NYSE: AMH) has delivered its 10,000th newly-built rental home, reinforcing its position as a major player in the U.S. single-family rental market. Recognized as the 39th largest homebuilder on Builder Magazine's 2024 Builder 100 List, AMH has significantly climbed the rankings since its development program inception in 2017. The company has completed 2,317 homes in 2023 and currently manages over 170 rental communities across the nation. With a land pipeline exceeding 10,000 lots, AMH aims to deliver between 2,200 and 2,400 additional homes by the year-end. The company addresses the growing demand for quality rental homes, providing essential housing options with premium features and amenities.
AMH (NYSE: AMH), a key player in the single-family rental home industry, will release its second quarter 2024 financial and operating results on August 1, 2024, after market close. A conference call to discuss these results will be held on August 2, 2024, at 12:00 p.m. Eastern Time. Investors can join the live call via a toll-free number (877-451-6152) for domestic callers or direct dial (201-389-0879) for international callers. The call will also be webcast on AMH's Investor Relations webpage. A replay of the call will be available until August 16, 2024, accessible via a toll-free number (844-512-2921) or direct dial (412-317-6671) with passcode 13746893#.
American Homes 4 Rent (NYSE: AMH) has announced the pricing of a $500 million public offering of 5.500% senior notes due 2034. The notes will be issued at 99.455% of par value with semi-annual interest payments starting January 15, 2025. Maturity is set for July 15, 2034. The offering is expected to close on June 26, 2024, subject to customary closing conditions.
The proceeds will be used to repay outstanding debts, including the 2014-SFR3 asset-backed securitization notes, and for general corporate purposes like property acquisitions and improvements. Leading financial institutions including BofA Securities and J.P. Morgan are managing this offering.
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