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 (AMH) is a leading real estate investment trust specializing in single-family home rentals across key U.S. markets. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry observers will find curated press releases covering earnings reports, property portfolio expansions, and strategic initiatives. The repository includes updates on AMH's unique dual approach to acquiring existing homes and developing new rental communities, along with its technology-driven property management innovations.
All content is maintained to reflect the company's focus on operational efficiency, geographic diversification, and commitment to quality housing solutions. Regular updates ensure stakeholders can track AMH's performance in the competitive single-family rental sector.
Bookmark this page for direct access to AMH's latest corporate communications, including leadership updates, financial disclosures, and market expansion news. Check back regularly for real-time updates from one of the REIT sector's most active residential property operators.
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.
American Homes 4 Rent (NYSE: AMH) declared a $0.10 dividend per common share for Q2 2021, payable on June 30, 2021. Shareholders of record by June 15, 2021 will receive this cash distribution. Additionally, the Board announced quarterly distributions on its cumulative preferred shares: $0.39688 for Series E, $0.36719 for Series F and G, and $0.39063 for Series H, all payable on the same date. The company focuses on single-family home rentals, owning 53,584 properties across 22 states as of December 31, 2020.
American Homes 4 Rent (NYSE: AMH) announced plans to redeem all outstanding shares of its 6.500% Series D and 6.350% Series E Perpetual Preferred Shares. The redemption will take place on June 7, 2021, and June 30, 2021, respectively, at a liquidation preference of $25.00 per share plus any accrued and unpaid dividends. This move highlights the company's strategy to manage its capital structure effectively while continuing to focus on high-quality single-family home rentals. As of December 31, 2020, AMH owned 53,584 properties across 22 states.
American Homes 4 Rent (NYSE: AMH) has announced the opening of two new rental home communities, Brentwood in Mooresville, N.C., and Westbrook Lake in Cumming, Ga., marking its 68th and 69th newly built rental communities. Developed in collaboration with J.P. Morgan Global Alternatives, these projects encompass a total of 329 homes. This expansion aligns with a $625 million investment plan initiated in early 2020 to develop about 2,500 rental homes in high-growth markets across the Southeast and West.
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