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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) reported strong Q1 2022 results with a 13.9% rise in revenue to $356.1 million and net income of $55.9 million, or $0.16 per diluted share. Core Funds from Operations (Core FFO) per share grew 18.8% to $0.38. The company achieved a Same-Home Core NOI increase of 10.8%. Average occupied days stood at 97.5%. They raised $1.7 billion through equity and debt offerings, enhancing their capital position. Full Year 2022 guidance remains unchanged, projecting Core FFO growth of 12.5% - 16.9%.AMH continues to perform well amidst robust rental demand.
American Homes 4 Rent (NYSE: AMH) announced the retirement of Jack Corrigan as Chief Investment Officer, effective May 31, 2022. Corrigan, an original team member, will assist in the transition and remain on the Board of Trustees. His leadership was pivotal in the company's growth and strategic acquisitions, helping to establish AMH as a top builder in the single-family rental industry. As of December 31, 2021, AMH owned 57,024 properties across 22 states, focusing on high-quality rental homes.
American Homes 4 Rent (NYSE: AMH), a leader in single-family home rentals, has announced a dividend of $0.18 per share for Q2 2022, payable on June 30, 2022. Shareholders of record as of June 15, 2022 will receive this distribution. Additionally, the Board declared distributions for cumulative redeemable perpetual preferred shares: $0.36719 for Series G and $0.39063 for Series H, also payable on June 30 to shareholders of record on June 15. The company owned 57,024 properties in 22 states as of December 31, 2021.
American Homes 4 Rent (NYSE: AMH) will release its Q1 2022 financial results on May 5, 2022, after market close. A conference call is scheduled for May 6, 2022, at 12:00 p.m. ET to discuss these results and recent events. As of December 31, 2021, the company owned 57,024 single-family rental homes across 22 states, positioning itself as a leader in the single-family home rental industry. Investors can access the earnings call via a toll-free number or through a webcast on their official website.
American Homes 4 Rent (NYSE: AMH) announced plans to redeem all outstanding shares of its 5.875% Series F Perpetual Preferred Shares (NYSE: AMH-F) on May 5, 2022. This redemption will occur at a liquidation preference of $25.00 per share, plus any accrued and unpaid dividends. The company, recognized for its quality rental homes, manages over 57,000 properties across 22 states as of December 31, 2021. The redemption is aimed at optimizing capital structure and reflects confidence in operational cash flows.
Land & Buildings Investment Management, a significant shareholder of American Homes 4 Rent (NYSE: AMH), expressed concern over the company's lack of environmentally friendly home policies. In an open letter, they announced plans to vote against all members of the Nominating and Corporate Governance Committee at the upcoming annual meeting, citing insufficient oversight of the company's ESG initiatives. They highlighted AMH's missed opportunities to lead in sustainability and encouraged adopting California's energy efficiency standards as a model for future developments.
American Homes 4 Rent (NYSE: AMH) has announced the pricing of an offering of $600 million in 3.625% Senior Notes due 2032 and $300 million in 4.300% Senior Notes due 2052. The proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes, including property acquisitions and capital expenditures. The offering is expected to close by April 7, 2022, subject to customary conditions.
American Homes 4 Rent (NYSE: AMH) has partnered with Elevation to integrate solar energy and energy efficiency into its amenity centers and rental homes. This innovative collaboration aims to reduce energy costs and environmental impact, aligning with the company’s Environmental, Social and Governance (ESG) principles. CEO Bryan Smith highlighted the commitment to sustainability, while Elevation's CEO, Greg Fasullo, emphasized the potential for significant energy savings within the rental market. The partnership marks a significant step towards promoting energy-efficient living.
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