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AMERICAN HOMES 4 RENT (AMH) Stock News, Jun-Oct 2022

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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American Homes 4 Rent (NYSE: AMH) announced a donation of $50,000 to support Hurricane Ian relief efforts in Florida and South Carolina. The company organized volunteer events in affected areas, engaging over 100 employees in clean-up and supply delivery activities. CEO David Singelyn emphasized the emotional and financial toll of the disaster, committing to acting as a responsible corporate partner. The company is recognized as a leading REIT with a portfolio of 58,715 properties across 22 states.

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American Homes 4 Rent (NYSE: AMH) will release its third quarter 2022 financial results after the market closes on November 3, 2022. A conference call will follow on November 4, 2022, at 12:00 p.m. Eastern Time, to review the results and engage in a Q&A session. The company, an internally managed Maryland REIT, owns over 58,700 single-family properties across 22 states as of June 30, 2022. American Homes 4 Rent has received accolades such as being named one of the 2022 Best Workplaces in Real Estate by Fortune.

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American Homes 4 Rent (NYSE: AMH) reports that preliminary assessments show limited damage to its properties from Hurricane Ian across Florida, Georgia, South Carolina, and North Carolina. The company's focus remains on ensuring the health and safety of residents and employees. Support teams are actively addressing repair and maintenance needs to restore impacted homes quickly. With 58,715 properties owned across 22 states as of mid-2022, the firm aims to maintain operational efficiency amid ongoing assessments.

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American Homes 4 Rent (NYSE: AMH) will participate in a roundtable discussion at the BofA Securities 2022 Global Real Estate Conference on September 14, 2022, starting at 12:40 p.m. EDT. A live audio webcast can be accessed via the company's website, with a replay available until September 28, 2022. The company, which owns 58,715 single-family properties across 22 states as of June 30, 2022, has been recognized with multiple accolades, including being named a 2022 Great Place to Work® and one of America's Most Trusted Companies. For more details, visit www.americanhomes4rent.com.

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American Homes 4 Rent (NYSE: AMH) reported significant growth in Q2 2022, with revenues up 15.4% year-over-year to $361.9 million and net income rising to $56.6 million, or $0.16 per diluted share. Core Funds from Operations (Core FFO) increased 16.0% to $0.38 per share, supported by higher rental rates and lower uncollectible rents. The company delivered 529 newly constructed homes and achieved a Same-Home Average Occupied Days Percentage of 97.4%. S&P upgraded its credit rating to BBB, reflecting strong financial health amidst economic uncertainties.

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American Homes 4 Rent (NYSE: AMH) announced a dividend of $0.18 per share for Q3 2022, payable on September 30, 2022, to shareholders of record by September 15, 2022. Additionally, the company declared quarterly distributions for its preferred shares: $0.36719 for Series G and $0.39063 for Series H, also payable on September 30, 2022. As of March 31, 2022, AMH owned 57,984 single-family properties across 22 states, highlighting its significant presence in the rental market.

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American Homes 4 Rent (NYSE: AMH) will announce its second quarter 2022 financial results on August 4, 2022, post-market. A conference call is scheduled for August 5, 2022, at 12:00 p.m. ET to discuss these results and answer questions. The company, recognized as a top U.S. homebuilder and a leader in the single-family rental market, owns 57,984 properties across 22 states as of March 31, 2022. For further details, visit their investor relations page.

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American Homes 4 Rent (NYSE: AMH) received an upgrade in its corporate credit rating from S&P Global Ratings, moving from BBB- to BBB, with a stable outlook. The upgrade reflects the company's strong operational performance, ongoing demand in single-family rentals, and its adherence to solid financial policies. CFO Christopher C. Lau emphasized the importance of prudent balance sheet management in achieving this recognition. As of March 31, 2022, the company owned 57,984 single-family properties across 22 states.

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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.