American Homes 4 Rent (N:AMH)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 280 Pilot Road
LAS VEGAS NV 89119
Tel: N/A
Website: https://www.amh.com
IR: See website
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Key People
David P. Singelyn
Chief Executive Officer, Trustee
Christopher C. Lau
Chief Financial Officer, Senior Executive Vice President
Bryan Smith
Chief Operating Officer
Sara H. Vogt-Lowell
Chief Legal Officer
   
Business Overview
American Homes 4 Rent is an internally managed Maryland real estate investment trust (REIT). The Company's primary objective is to generate risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, developing, renovating, leasing and managing single-family homes as rental properties. It owns 59,332 single-family properties in select submarkets of metropolitan statistical areas in 21 states. The Company is also focused on developing built-for-rental homes through its internal AMH Development Program. In addition, it also acquires newly constructed homes from third-party developers through its National Builder Program. Its operations are dependent upon its resident portal and property management platforms, including marketing, leasing, vendor communications, finance, intracompany communications, resident portal and property management platforms, which include certain automated processes that require access to telecommunications or the Internet.
Financial Overview
For the three months ended 31 March 2024, American Homes 4 Rent revenues increased 7% to $423.6M. Net income applicable to common stockholders decreased 7% to $108.9M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 5% to $0.4, NAREIT FFO - Per Share - Diluted - Total increase of 5% to $0.4. Net income was offset by Gain on sale pf single family properties decrease of 19% to $68.9M (income), IE on Capital Financing.
Employees: 1,725 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $17,712M as of Mar 31, 2024
Annual revenue (TTM): $1,649M as of Mar 31, 2024
EBITDA (TTM): $835.37M as of Mar 31, 2024
Net annual income (TTM): $356.93M as of Mar 31, 2024
Free cash flow (TTM): -$800.57M as of Mar 31, 2024
Net Debt Last Fiscal Year: $4,378M as of Mar 31, 2024
Shares outstanding: 366,322,046 as of May 1, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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