American Homes 4 Rent Stock Price, News & Analysis

American Homes 4 Rent (NYSE: AMH) announced the release date for its third quarter 2021 financial results, scheduled for November 4, 2021, post-market. A conference call will follow on November 5, 2021, at 12:00 p.m. ET to discuss the results and recent developments. As of June 30, 2021, the company owned 54,785 single-family homes across 22 states, positioning itself as a leader in the single-family rental market.

American Homes 4 Rent (NYSE: AMH) announced its participation in the BofA Securities 2021 Global Real Estate Virtual Conference on September 21-22, 2021. A management roundtable discussion is scheduled for September 22 at 11:15 a.m. EDT. The event will be accessible via a live audio webcast on their website, with a replay available through October 6, 2021. As of June 30, 2021, American Homes 4 Rent owned 54,785 single-family properties across 22 states, solidifying its position as a leader in the rental housing market.

American Homes 4 Rent (NYSE: AMH) has expressed profound condolences following the passing of B. Wayne Hughes, the founder and former Chairman of the Board of Trustees. Hughes was a pioneering figure in the real estate industry, known for founding Public Storage (NYSE: PSA) and spearheading the single-family rental (SFR) market. His vision led to the establishment of American Homes 4 Rent in 2011, focusing on affordable housing. Hughes’ legacy includes philanthropy in education and cancer research and a passion for thoroughbred racing, highlighted by his association with the 2020 Kentucky Derby winner, Authentic.

American Homes 4 Rent (NYSE: AMH) reported strong financial results for Q2 2021, with a 11.7% increase in revenues to $313.7 million and net income of $20.1 million. Core FFO rose 22.9% to $0.33 per share, while Adjusted FFO increased 26.4% to $0.29 per share. The occupancy rate stood at 97.1% with a 13.7% rate growth on new leases. The company also closed a $1.25 billion credit facility and redeemed its preferred shares, enhancing its financial stability.

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.