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 reports developments for an internally managed Maryland REIT that owns, operates and develops single-family rental homes. The company focuses on developing, renovating, leasing and managing homes as rental properties, with portfolio activity concentrated across U.S. regions including the Southeast, Midwest, Southwest and Mountain West.
Recurring AMH news includes quarterly and annual operating results, rents and other single-family property revenues, Core FFO, Adjusted FFO, Core NOI, leasing activity and rental-rate trends. Company updates also cover common-share dividends, cumulative redeemable perpetual preferred-share distributions, annual REIT distribution tax treatment, investor presentations and real estate conference participation.
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.
Summary not available.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.