American Homes 4 Rent Announces Distributions

Rhea-AI Summary

American Homes 4 Rent (NYSE: AMH) announced a dividend of $0.18 per share for Q3 2022, payable on September 30, 2022, to shareholders of record by September 15, 2022. Additionally, the company declared quarterly distributions for its preferred shares: $0.36719 for Series G and $0.39063 for Series H, also payable on September 30, 2022. As of March 31, 2022, AMH owned 57,984 single-family properties across 22 states, highlighting its significant presence in the rental market.

Positive

• Declared a common share dividend of $0.18 for Q3 2022.
• Quarterly distributions of $0.36719 and $0.39063 on Series G and H preferred shares respectively.
• Ownership of 57,984 single-family properties as of March 31, 2022, indicating strong market presence.

Negative

• None.

LAS VEGAS, Aug. 3, 2022 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced that the Board of Trustees declared a dividend of $0.18 per share on the Company's common shares for the third quarter of 2022. The distribution will be payable in cash on September 30, 2022 to shareholders of record on September 15, 2022.

The Board of Trustees also declared a per share quarterly distribution on the Company's cumulative redeemable perpetual preferred shares of $0.36719 per share on the 5.875% Series G shares and $0.39063 per share on the 6.250% Series H shares payable in cash on September 30, 2022 to shareholders of record on September 15, 2022.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leading single-family property owner, leasing operator, and build-to-rent developer. Recent achievements include being named a 2022 Great Place to Work®, a 2022 Top U.S. Homebuilder by Builder100, one of America's Most Responsible Companies 2022 and America's Most Trusted Companies 2022 by Newsweek and Statista, and a Top ESG Regional Performer by Sustainalytics. We are an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing, and managing homes as rental properties. As of March 31, 2022, we owned 57,984 single-family properties in select submarkets in 22 states.

Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.

Forward-Looking Statements

This press release contains "forward-looking statements" that relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "believe," "expect," "will," "intend," "anticipate" or other words that convey the uncertainty of future events or outcomes. These forward-looking statements include the payment and anticipated timing of the payment of distributions of the Company's common and preferred shares. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control and could adversely affect our cash flows and ability to pay distributions. Additional information about these and other important factors that may cause our actual results to differ materially from anticipated results expressed or implied by these forward-looking statements is available in the Company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to conform to actual results or changes in expectations, except as required by applicable law.

Contacts:

American Homes 4 Rent
Investor Relations
Nicholas Fromm
Phone: (855) 794-2447
Email: investors@ah4r.com

American Homes 4 Rent
Media Relations
Megan Grabos
Phone: (805) 413-5088
Email: media@ah4r.com

 

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SOURCE American Homes 4 Rent

FAQ

What is the AMH dividend announcement for Q3 2022?

American Homes 4 Rent announced a dividend of $0.18 per common share for Q3 2022.

When will the AMH dividend be paid?

The dividend will be payable on September 30, 2022, to shareholders of record by September 15, 2022.

What are the distribution amounts for AMH preferred shares?

Distributions are $0.36719 per share for Series G and $0.39063 per share for Series H, both payable on September 30, 2022.

How many properties does AMH own?

As of March 31, 2022, American Homes 4 Rent owned 57,984 single-family properties.

In how many states does AMH operate?

American Homes 4 Rent operates in 22 states.