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AMERICAN HOMES 4 RENT - AMH STOCK NEWS

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American Homes 4 Rent (NYSE: AMH) is a leading real estate investment trust (REIT) specializing in acquiring, renovating, leasing, and managing single-family rental homes across the United States. With a primary focus on urban markets in the Southern and Midwestern regions, AMH leverages the benefits of a national organization combined with innovative leasing technologies and local expertise to provide an exceptional residential rental experience.

AMH’s portfolio boasts nearly 60,000 single-family properties, predominantly in key markets such as Dallas, Indianapolis, Atlanta, and Charlotte. The company generates the majority of its revenue from rental income derived through short-term or annual leases, ensuring a steady cash flow and robust financial condition.

Renowned for its sustainable practices, AMH has received accolades including the LEED® Gold certification for its Las Vegas headquarters, recognition as one of Fortune’s Best Workplaces in Real Estate™, and mentions in Newsweek’s lists of America’s Most Responsible and Most Trustworthy Companies. These achievements highlight AMH’s commitment to environmental stewardship, employee satisfaction, and community impact.

The company's forward-looking strategy includes the AMH Development Program, which focuses on constructing high-quality, energy-efficient homes, contributing to alleviating the nation’s housing shortage. Recent financial reports indicate strong growth, with same-home core revenues and net operating income showing significant year-over-year increases.

AMH maintains a flexible investment grade balance sheet, with no significant debt maturities until late 2024. The company’s proactive approach to capital management includes recent successful issuance of $600 million in green bonds, showcasing its dedication to sustainable development.

For investors, AMH offers a stable and growing dividend, reflecting its robust operating performance and commitment to delivering long-term value. The company continues to excel in its mission to simplify the leasing process and deliver peace of mind to households nationwide.

Rhea-AI Summary

American Homes 4 Rent (NYSE: AMH) has priced an underwritten public offering of 13,000,000 Class A common shares, raising approximately $364.0 million before costs. This offering was increased from an initial size of 11,000,000 shares, with an option for underwriters to purchase an additional 1,950,000 shares. Proceeds will be used to repay debt, develop new properties, and general corporate purposes. The offering is anticipated to close around August 20, 2020.

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American Homes 4 Rent (NYSE: AMH) has launched a public offering of 11,000,000 Class A common shares, with a 30-day option for underwriters to purchase an additional 1,650,000 shares. The net proceeds will be directed towards repaying debt, developing new properties, renovating single-family homes, and other corporate purposes. BofA Securities and Morgan Stanley are the joint book-running managers for this offering, which is part of an effective shelf registration with the SEC.

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On August 7, 2020, American Homes 4 Rent (NYSE: AMH) appointed Lynn C. Swann as an independent trustee, expanding its Board to 12 members. This addition is part of the company's strategy to increase board independence and oversight. Since 2019, the Board has added four independent directors, enhancing its expertise. CEO David Singelyn emphasized that Mr. Swann's experience will benefit the company's strategic execution and shareholder returns. The Board plans to appoint another independent trustee later this year, continuing its commitment to diversity and independence.

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American Homes 4 Rent (AMH) reported a modest 0.4% increase in total revenues to $283.1 million for Q2 2020. However, net income dropped to $15.4 million from $22.5 million year-over-year, attributed to increased uncollectible rents due to the COVID-19 pandemic. Despite challenges, the company experienced record demand, with an occupancy rate reaching 96.4% in July. Core FFO decreased to $0.27 per share, down from $0.28 in Q2 2019. Strong leasing momentum and a solid balance sheet were noted as key strengths amidst ongoing economic uncertainty.

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American Homes 4 Rent (NYSE: AMH) declared a dividend of $0.05 per common share for Q3 2020, payable on September 30 to shareholders of record on September 15. Additionally, the company announced distributions on its cumulative redeemable perpetual preferred shares, including $0.40625 for Series D, $0.39688 for Series E, and $0.39063 for Series H, also payable on September 30. As of March 31, 2020, AMH owned 52,776 single-family properties across 22 states.

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FAQ

What is the current stock price of AMERICAN HOMES 4 RENT (AMH)?

The current stock price of AMERICAN HOMES 4 RENT (AMH) is $37.38 as of December 5, 2024.

What is the market cap of AMERICAN HOMES 4 RENT (AMH)?

The market cap of AMERICAN HOMES 4 RENT (AMH) is approximately 13.8B.

What does American Homes 4 Rent do?

American Homes 4 Rent acquires, renovates, leases, and manages single-family rental homes across the United States.

What regions does AMH primarily operate in?

AMH primarily operates in urban markets in the Southern and Midwestern regions, including Dallas, Indianapolis, Atlanta, and Charlotte.

How does AMH generate revenue?

AMH generates the majority of its revenue through rental income from single-family properties, with leases typically ranging from short-term to annual.

What sustainability initiatives does AMH have?

AMH focuses on sustainable building practices, including energy-efficient construction, solar energy generation, and reducing greenhouse gas emissions.

What recent achievements has AMH been recognized for?

AMH has been recognized as one of Fortune’s Best Workplaces in Real Estate™, and listed in Newsweek’s America's Most Responsible and Most Trustworthy Companies.

What is the AMH Development Program?

The AMH Development Program focuses on constructing high-quality, energy-efficient homes to address the nation’s housing shortage.

What financial condition does AMH maintain?

AMH maintains a strong financial condition with a flexible investment grade balance sheet and no significant debt maturities until late 2024.

What recent financial initiatives has AMH undertaken?

AMH recently issued $600 million in green bonds to support its sustainable development initiatives.

What kind of dividends does AMH offer?

AMH offers a stable and growing dividend, reflecting its robust operating performance and commitment to delivering long-term value to investors.

Where can I find more information about AMH?

Additional information about AMH is available on their website at www.amh.com.

AMERICAN HOMES 4 RENT

NYSE:AMH

AMH Rankings

AMH Stock Data

13.80B
340.46M
7.7%
87.97%
2.27%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
LAS VEGAS