American Homes 4 Rent Stock Price, News & Analysis

American Homes 4 Rent (NYSE: AMH), a prominent provider of rental homes, declared a dividend of $0.10 per share for Q3 2021, payable on September 30, 2021, to shareholders of record on September 15, 2021.

Additionally, the Board announced quarterly distributions on its cumulative redeemable perpetual preferred shares: $0.36719 for Series F and G, and $0.39063 for Series H, also payable on September 30, 2021.

American Homes 4 Rent (NYSE: AMH) will release its second quarter 2021 financial results on August 5, 2021, following market closure. The company will host a conference call on August 6, 2021, at 11:00 a.m. ET to discuss the results and recent events. As of March 31, 2021, AMH owned 53,984 properties across 22 states, focusing on single-family home rentals. The company aims to enhance tenant satisfaction and provide value.

American Homes 4 Rent (NYSE: AMH) announced the pricing of $450 million in 2.375% Senior Notes due 2031 and $300 million in 3.375% Senior Notes due 2051. The 2031 Notes will be issued at 98.513% with an annual coupon of 2.375%, while the 2051 Notes will be issued at 97.962% with a 3.375% coupon. Proceeds will be used primarily to repay outstanding amounts on the revolving credit facility, with additional funds allocated for property acquisitions, capital expenditures, and general corporate purposes. The offering is set to close on July 8, 2021.

American Homes 4 Rent (NYSE: AMH) has achieved a significant milestone, ranking as the 45th largest homebuilder in the U.S. on BUILDER magazine's 2021 Builder 100 List. This accomplishment, noted CEO David P. Singelyn, reflects the company's successful built-to-rent strategy and its AMH Development program. In 2020, the firm delivered 1,647 homes and owns nearly 54,000 single-family properties across 22 states as of March 31, 2021. This news positions American Homes 4 Rent for sustained growth in the competitive rental market.

American Homes 4 Rent (NYSE: AMH) announced participation in Nareit's REITweek: 2021 Virtual Investor Conference on June 9, 2021, at 2:30 p.m. ET. This leading provider of single-family homes for rent will discuss its strategies and market insights. In addition, an updated investor presentation will be available on its website after market close on June 7, 2021. As of March 31, 2021, the company managed 53,984 properties across 22 states, establishing itself as a significant player in the rental market.

American Homes 4 Rent (NYSE: AMH) has announced the pricing of an underwritten public offering of 16,300,000 Class A common shares at $0.01 par value per share. The offering includes 5,500,000 shares directly from the Company and 10,800,000 shares from forward purchasers. The gross proceeds are estimated at approximately $599 million, with net proceeds aimed at repaying revolving credit, redeeming preferred shares, and general corporate purposes. The offering is expected to close around May 25, 2021.

American Homes 4 Rent (NYSE: AMH) has initiated a public offering of 14 million Class A common shares, with 5.5 million shares directly from the company and 8.5 million shares from forward purchasers. There is also a 30-day option for underwriters to purchase an additional 2.1 million shares. The net proceeds are intended for repaying debt and redeeming preferred shares. The offering is made under an effective shelf registration statement and aims to settle physically by May 21, 2022.

American Homes 4 Rent (NYSE: AMH) reported a strong financial performance for Q1 2021, with revenues from single-family property rentals increasing 8.8% to $312.6 million. Net income rose to $30.2 million, up from $20.2 million year-over-year, reflecting higher occupancy and rental rates despite some impact from uncollectible rents due to COVID-19. Core Funds from Operations grew by 8.5% to $0.32 per share. The company also announced plans to redeem Series D and E preferred shares and revised its 2021 Core FFO guidance midpoint to $1.27, indicating a 9.5% expected growth.