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AMERICAN HOMES 4 RENT (AMH) Stock News, Feb-Jul 2024

AMH NYSE

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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AMH (NYSE: AMH), a key player in the single-family rental home industry, will release its second quarter 2024 financial and operating results on August 1, 2024, after market close. A conference call to discuss these results will be held on August 2, 2024, at 12:00 p.m. Eastern Time. Investors can join the live call via a toll-free number (877-451-6152) for domestic callers or direct dial (201-389-0879) for international callers. The call will also be webcast on AMH's Investor Relations webpage. A replay of the call will be available until August 16, 2024, accessible via a toll-free number (844-512-2921) or direct dial (412-317-6671) with passcode 13746893#.

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American Homes 4 Rent (NYSE: AMH) has announced the pricing of a $500 million public offering of 5.500% senior notes due 2034. The notes will be issued at 99.455% of par value with semi-annual interest payments starting January 15, 2025. Maturity is set for July 15, 2034. The offering is expected to close on June 26, 2024, subject to customary closing conditions.

The proceeds will be used to repay outstanding debts, including the 2014-SFR3 asset-backed securitization notes, and for general corporate purposes like property acquisitions and improvements. Leading financial institutions including BofA Securities and J.P. Morgan are managing this offering.

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AMH (NYSE: AMH), a prominent owner, operator, and developer of single-family rental homes, announced its participation in Nareit's REITweek 2024 Investor Conference on June 5, 2024, at 1:15 p.m. ET. The event will feature a roundtable discussion with the company's management team. A live audio webcast will be available on AMH's website under the 'Investor Relations' tab, with a replay accessible until June 19, 2024. AMH, recognized for its workplace excellence by several bodies, owns nearly 60,000 properties across various U.S. regions as of March 31, 2024.

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AMH announced distributions for the second quarter of 2024, with a dividend of $0.26 per common share and per share quarterly distributions on preferred shares. The distribution will be payable on June 28, 2024, to shareholders of record on June 14, 2024. AMH is a leading large-scale integrated owner, operator, and developer of single-family rental homes, owning nearly 60,000 properties in the United States.

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AMH (NYSE: AMH) reported strong financial and operating results for the first quarter of 2024. Rents and revenues increased, while net income decreased due to lower property sales gains. Core FFO and Adjusted FFO rose, driven by higher rental rates. Sustainability efforts were highlighted, and guidance for the full year 2024 was provided. The company remains focused on growth and value creation for shareholders.

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FAQ

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

AMERICAN HOMES 4 RENT (AMH) last closed at $32.11.

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

The market cap of AMERICAN HOMES 4 RENT (AMH) is approximately $11.6B.