AMH Announces Tax Treatment of 2024 Distributions
Rhea-AI Summary
AMH (NYSE: AMH), a leading single-family rental homes operator, has announced the tax treatment of its 2024 cash distributions. The company's distributions across common shares and preferred shares (Series G and H) were classified as 56.415249% Ordinary Dividend Income and 43.584751% Capital Gain Distributions for all quarters.
Key tax details include: 100% of Ordinary Dividend Income qualifies as IRC Section 199A REIT Dividend Income, 30.154110% of capital gain distributions is treated as unrecaptured IRC Section 1250 gain, and all capital gain distributions represent gains from US real property interests for foreign shareholders. As of September 2024, AMH owned nearly 60,000 single-family properties across multiple US regions.
Positive
- Portfolio of nearly 60,000 single-family properties indicating substantial market presence
- 100% of Ordinary Dividend Income qualifies as IRC Section 199A REIT Dividend Income
- Consistent quarterly distribution classification throughout 2024
Negative
- None.
News Market Reaction – AMH
On the day this news was published, AMH gained 0.20%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
For the tax year ended December 31, 2024, quarterly cash distributions for its:
- Common shares
5.875% Series G redeemable perpetual preferred shares6.25% Series H redeemable perpetual preferred shares
were classified as follows:
Classification | 3/28/2024 | 6/28/2024 | 9/30/2024 | 12/31/2024 |
Ordinary Dividend Income (1) | 56.415249 % | 56.415249 % | 56.415249 % | 56.415249 % |
Capital Gain Distributions (2)(3)(4) | 43.584751 % | 43.584751 % | 43.584751 % | 43.584751 % |
Total | 100.000000 % | 100.000000 % | 100.000000 % | 100.000000 % |
(1) | |
(2) | |
(3) | Pursuant to Treasury Regulation §1.1061-6(c), the Company is disclosing additional information related to the capital gain dividends reported on Form 1099-DIV, Box 2a, Total Capital Gain Distributions for purposes of IRC Section 1061. IRC Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The "One Year Amounts" and "Three Year Amounts" required to be disclosed are both zero with respect to the 2024 distributions, since all capital gain distributions relate to IRC Section 1231 gains. Shareholders should consult with their tax advisors to determine whether IRC Section 1061 applies to their capital gain distributions. |
(4) |
The Company's tax return for the year ended December 31, 2024 has not yet been filed. As a result, the income tax classification for the distributions discussed above has been calculated using the best available information as of the date of this release.
The Company encourages shareholders to consult with their own tax advisors as to the specific tax treatment of these distributions.
About AMH
AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed
In recent years, we've been named one of
AMH refers to one or more of American Homes 4 Rent, American Homes 4 Rent, L.P. and their subsidiaries and joint ventures. In certain states, we operate under AMH Living or American Homes 4 Rent. Please see www.amh.com/dba to learn more.
AMH Contacts:
Brian Nelson
Media Relations
Phone: (855) 774-4663
Email: media@amh.com
Nicholas Fromm
Investor Relations
Phone: (855) 794-2447
Email: investors@amh.com
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SOURCE AMH
FAQ
What is the tax treatment breakdown for AMH's 2024 distributions?
How many properties did AMH own as of September 2024?
What percentage of AMH's 2024 capital gain distributions is treated as unrecaptured Section 1250 gain?
Are AMH's 2024 distributions qualified for IRC Section 199A treatment?
