American Homes 4 Rent Announces Distributions

Rhea-AI Summary

American Homes 4 Rent (NYSE: AMH) announced a $0.05 per share dividend for Q4 2020, payable on January 11, 2021, to shareholders on record as of January 4, 2021. Additionally, the Board declared distributions for its preferred shares, including $0.40625 per share on Series D, $0.39688 on Series E, $0.36719 on Series F and G, and $0.39063 on Series H, payable on December 31, 2020, to shareholders on record as of December 15, 2020. As of September 30, 2020, the company owned 53,229 single-family properties across 22 states.

Positive

• Declared a quarterly dividend of $0.05 per share, indicating a commitment to returning value to shareholders.
• Strong ownership base with 53,229 single-family homes enhances rental income potential.

Negative

• Forward-looking statements indicate uncertainty around future cash flows and distribution payments.

AGOURA HILLS, Calif., Nov. 12, 2020 /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 $0.05 per share on the Company's common shares for the fourth quarter of 2020. The distribution will be payable in cash on January 11, 2021 to shareholders of record on January 4, 2021.

The Board of Trustees also declared a per share quarterly distribution on the Company's cumulative redeemable perpetual preferred shares of $0.40625 per share on the 6.5% Series D shares, $0.39688 per share on the 6.35% Series E shares, $0.36719 per share on the 5.875% Series F shares, $0.36719 per share on the 5.875% Series G shares and $0.39063 per share on the 6.25% Series H shares payable in cash on December 31, 2020 to shareholders of record on December 15, 2020.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected 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.

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

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SOURCE American Homes 4 Rent

FAQ

What is the dividend amount declared by American Homes 4 Rent for Q4 2020?

The company declared a dividend of $0.05 per share for Q4 2020.

When will American Homes 4 Rent pay its Q4 2020 dividend?

The dividend will be payable on January 11, 2021.

What distributions were announced for American Homes 4 Rent's preferred shares?

Preferred shares will see distributions of $0.40625 for Series D, $0.39688 for Series E, $0.36719 for Series F and G, and $0.39063 for Series H.

What is the record date for the dividend payment from American Homes 4 Rent?

The record date for the Q4 2020 dividend is January 4, 2021.

How many properties does American Homes 4 Rent own as of September 30, 2020?

The company owns 53,229 single-family properties across 22 states.