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.
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American Homes 4 Rent (NYSE: AMH) announced a $0.05 per share dividend for Q4 2020, payable on January 11, 2021, to shareholders on record as of January 4, 2021. Additionally, the Board declared distributions for its preferred shares, including $0.40625 per share on Series D, $0.39688 on Series E, $0.36719 on Series F and G, and $0.39063 on Series H, payable on December 31, 2020, to shareholders on record as of December 15, 2020. As of September 30, 2020, the company owned 53,229 single-family properties across 22 states.
American Homes 4 Rent (NYSE: AMH) has acquired 55 acres at Etowah Shoals Village in Canton, Georgia, investing approximately $50 million to develop River Ridge, a community featuring 198 single-family rental homes. River Ridge will include amenities such as a neighborhood center, pool, and fitness facility. This acquisition expands AH4R's existing portfolio of over 4,900 homes in the Atlanta area, reinforcing its strategy to provide quality housing in rapidly growing markets.
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American Homes 4 Rent (NYSE: AMH) reported a 4.2% increase in total revenues to $310.8 million for Q3 2020, despite a decline in net income to $22.6 million, or $0.07 per diluted share. Core FFO rose 6.7% year-over-year to $0.29 per share. The company achieved record demand with a 96.9% average occupancy rate, supported by a 5.9% rental growth on new leases. A successful equity offering raised $411.7 million for growth initiatives. However, increased uncollectible rents due to COVID-19 adversely affected net income and operational results.
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American Homes 4 Rent (NYSE: AMH) announced that it will release its third quarter 2020 financial results on November 5, 2020, after market hours. A conference call will follow on November 6, 2020, at 11:00 a.m. ET for a review of the results and a Q&A session. As of June 30, 2020, AMH owned 53,000 single-family properties across 22 states, showcasing its position as a leader in the single-family rental market.
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