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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) announced the tax treatment for cash distributions for the 2020 tax year. For common shares and preferred shares, 54.88% is classified as Ordinary Dividend Income, 1.14% as Qualified Dividend Income, and 43.98% as Capital Gain Distributions. This information helps shareholders understand the tax implications of their investments. The tax return for the year ended December 31, 2020, is still pending, and investors are advised to consult their tax advisors for personalized advice.
American Homes 4 Rent (NYSE: AMH) announced its fourth quarter and full year 2020 financial results will be released on February 25, 2021, after market close. A conference call to discuss the results will occur on February 26, 2021, at 11:00 a.m. ET. The company is a leader in the single-family home rental sector, owning 53,229 properties across 22 states as of September 30, 2020. The conference call can be accessed via a toll-free number or through a live webcast on their investor relations page.
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.
American Homes 4 Rent (NYSE: AMH) has acquired 55 acres at Etowah Shoals Village in Canton, Georgia, investing approximately $50 million to develop River Ridge, a community featuring 198 single-family rental homes. River Ridge will include amenities such as a neighborhood center, pool, and fitness facility. This acquisition expands AH4R's existing portfolio of over 4,900 homes in the Atlanta area, reinforcing its strategy to provide quality housing in rapidly growing markets.
American Homes 4 Rent (NYSE: AMH) reported a 4.2% increase in total revenues to $310.8 million for Q3 2020, despite a decline in net income to $22.6 million, or $0.07 per diluted share. Core FFO rose 6.7% year-over-year to $0.29 per share. The company achieved record demand with a 96.9% average occupancy rate, supported by a 5.9% rental growth on new leases. A successful equity offering raised $411.7 million for growth initiatives. However, increased uncollectible rents due to COVID-19 adversely affected net income and operational results.
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