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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 that it will release its third quarter 2020 financial results on November 5, 2020, after market hours. A conference call will follow on November 6, 2020, at 11:00 a.m. ET for a review of the results and a Q&A session. As of June 30, 2020, AMH owned 53,000 single-family properties across 22 states, showcasing its position as a leader in the single-family rental market.
American Homes 4 Rent (NYSE: AMH) has appointed Michelle C. Kerrick as an independent trustee of its Board, set to retire on Sept. 19, 2020. With over 35 years at Deloitte, she brings extensive experience in corporate governance and financial strategies, enhancing the Board's expertise. This appointment raises the Board's size to 13 members, continuing a refreshment process that has seen five new independent directors since 2019. CEO David Singelyn emphasized that Kerrick's leadership will benefit the company's strategy in offering high-quality housing and delivering returns for shareholders.
American Homes 4 Rent (NYSE: AMH) will participate in the BofA Securities 2020 Global Real Estate Virtual Conference on September 15-16, 2020. The roundtable discussion is scheduled for 12:00 p.m. Eastern Time on September 16. A live audio webcast will be accessible on the Company’s website under the 'For Investors' tab, with a replay available until September 30, 2020. As of June 30, 2020, the Company owned 53,000 single-family properties across 22 states, focusing on high-quality rental homes.
American Homes 4 Rent (NYSE: AMH) has priced an underwritten public offering of 13,000,000 Class A common shares, raising approximately $364.0 million before costs. This offering was increased from an initial size of 11,000,000 shares, with an option for underwriters to purchase an additional 1,950,000 shares. Proceeds will be used to repay debt, develop new properties, and general corporate purposes. The offering is anticipated to close around August 20, 2020.
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