Welcome to our dedicated page for AMERICAN HOMES 4 RENT news (Ticker: AMH), a resource for investors and traders seeking the latest updates and insights on AMERICAN HOMES 4 RENT stock.
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 launched a public offering of 11,000,000 Class A common shares, with a 30-day option for underwriters to purchase an additional 1,650,000 shares. The net proceeds will be directed towards repaying debt, developing new properties, renovating single-family homes, and other corporate purposes. BofA Securities and Morgan Stanley are the joint book-running managers for this offering, which is part of an effective shelf registration with the SEC.
On August 7, 2020, American Homes 4 Rent (NYSE: AMH) appointed Lynn C. Swann as an independent trustee, expanding its Board to 12 members. This addition is part of the company's strategy to increase board independence and oversight. Since 2019, the Board has added four independent directors, enhancing its expertise. CEO David Singelyn emphasized that Mr. Swann's experience will benefit the company's strategic execution and shareholder returns. The Board plans to appoint another independent trustee later this year, continuing its commitment to diversity and independence.
American Homes 4 Rent (AMH) reported a modest 0.4% increase in total revenues to $283.1 million for Q2 2020. However, net income dropped to $15.4 million from $22.5 million year-over-year, attributed to increased uncollectible rents due to the COVID-19 pandemic. Despite challenges, the company experienced record demand, with an occupancy rate reaching 96.4% in July. Core FFO decreased to $0.27 per share, down from $0.28 in Q2 2019. Strong leasing momentum and a solid balance sheet were noted as key strengths amidst ongoing economic uncertainty.
American Homes 4 Rent (NYSE: AMH) declared a dividend of $0.05 per common share for Q3 2020, payable on September 30 to shareholders of record on September 15. Additionally, the company announced distributions on its cumulative redeemable perpetual preferred shares, including $0.40625 for Series D, $0.39688 for Series E, and $0.39063 for Series H, also payable on September 30. As of March 31, 2020, AMH owned 52,776 single-family properties across 22 states.
American Homes 4 Rent (NYSE: AMH) will release its second quarter 2020 financial results on August 6, 2020, after market close. A conference call is scheduled for August 7, 2020, at 11:00 a.m. ET for discussing results and a Q&A session. The company, a leader in the single-family rental market, owns 52,776 properties across 22 states as of March 31, 2020. This announcement underscores their ongoing commitment to transparency and investor engagement.
FAQ
What is the current stock price of AMERICAN HOMES 4 RENT (AMH)?
What is the market cap of AMERICAN HOMES 4 RENT (AMH)?
What does American Homes 4 Rent do?
What regions does AMH primarily operate in?
How does AMH generate revenue?
What sustainability initiatives does AMH have?
What recent achievements has AMH been recognized for?
What is the AMH Development Program?
What financial condition does AMH maintain?
What recent financial initiatives has AMH undertaken?
What kind of dividends does AMH offer?
Where can I find more information about AMH?
