Core Insights - AMH has acquired a portfolio of nearly 1,700 single-family rental homes for approximately $480 million, reflecting a disciplined growth strategy and value creation through integration into its platform [2][3] - The company raised its full-year 2024 guidance for Core Funds from Operations (Core FFO) attributable to common share and unit holders by $0.01 per share to a midpoint of $1.77, indicating a projected growth of 6.6% over the previous year [3][24] Financial Performance - For Q3 2024, rents and other single-family property revenues increased by 5.5% year-over-year to $445.1 million, driven primarily by higher rental rates [3][6] - Net income attributable to common shareholders for Q3 2024 was $73.8 million, or $0.20 per diluted share, slightly down from $74.1 million, or $0.20 per diluted share in Q3 2023 [3][5] - Core FFO attributable to common share and unit holders rose by 6.3% year-over-year to $183.8 million, or $0.44 per FFO share and unit for Q3 2024 [3][9] - Adjusted FFO attributable to common share and unit holders increased by 8.0% year-over-year to $159.7 million, or $0.38 per FFO share and unit for Q3 2024 [3][9] Operational Highlights - Core Net Operating Income (Core NOI) from Same-Home properties increased by 5.4% year-over-year for Q3 2024, reaching $217.1 million [3][8] - The Same-Home Average Occupied Days Percentage was 95.9% in Q3 2024, with a blended rate growth of 5.2% [3][15] - The company delivered a total of 753 newly constructed homes from its AMH Development Program in Q3 2024 [3][16] Portfolio and Investments - As of September 30, 2024, AMH owned a total of 58,899 single-family properties, reflecting a slight increase from the previous quarter [16] - The company has a total of 1,003 properties held for sale and 3,271 properties in unconsolidated joint ventures [16] Capital Activities and Liquidity - AMH paid off approximately $471.8 million in outstanding principal on an asset-backed securitization during Q3 2024 [17] - The company entered into a new $1.25 billion sustainability-linked revolving credit facility, replacing its previous facility [18] - As of September 30, 2024, AMH had cash and cash equivalents of $162.5 million and total outstanding debt of $4.6 billion [19] Guidance and Future Outlook - The company revised its guidance for full-year 2024, projecting Core FFO growth of 4.8% to 7.2% and Same-Home core revenues growth of 4.50% to 5.50% [24] - The guidance for total capital investment has been adjusted to reflect the recent acquisition of the bulk portfolio [24]

If you want access to our entire Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Landlord. Welcome to another installment of my weekly articles covering a wide array of topics relevant to and (hopefully) insightful for investors, especially dividend investors. Austin is a contributing author for the investing group High Yield Landlord , one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive re ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...

Group 1 - AMH (NYSE: AMH) will release its third quarter 2024 financial and operating results on October 29, 2024, after market close [1] - A conference call to discuss the results will be held on October 30, 2024, at 12:00 p.m. Eastern Time [1] - The company is a leading large-scale integrated owner, operator, and developer of single-family rental homes, focusing on simplifying the leasing experience [2] Group 2 - As of June 30, 2024, AMH owned nearly 60,000 single-family properties across various regions in the United States [2] - The company has received multiple accolades, including being named one of Fortune's 2023 Best Workplaces in Real Estate and a 2024 Great Place to Work [2]

InterNetwork Media/DigitalVision via Getty Images Hurricane Helene has proven to be a particularly damaging hurricane, with wind destruction and widespread flooding. Loss of life and injury are of course the primary concern, and we wish the best for all involved. I do not mean to diminish the human tragedy by analyzing property damage, but as a real estate analyst, I feel some duty to discuss the investment implications of the event. REIT-owned properties in hardest-hit markets The New York Times put to ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric tha ...

LAS VEGAS, Sept. 3, 2024 /PRNewswire/ -- AMH (NYSE: AMH), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced that members of the Company's management team will participate in a roundtable discussion at the BofA Securities 2024 Global Real Estate Conference on Wednesday, September 11, 2024 at 10:20 a.m. Eastern Time.A live audio webcast of the presentation will be available on the Company's website at www.amh.com under the "Investor Relations" tab. ...

Group 1 - The article discusses the recent speech by Mr. Powell at the Jackson Hole symposium, where he defended his previous stance on inflation being transitory and indicated a shift in policy direction [2][5] - The Real Estate Investment Trusts (REITs) sector is highlighted as having a bullish technical setup, with the Real Estate Select Sector SPDR ETF (XLRE) experiencing an 18-month breakout to new highs [5][6] - REITs are entering a rate cut cycle at relatively depressed valuations, with construction starts at decade lows, which is expected to enhance landlords' pricing power [6][12] Group 2 - The article emphasizes that REITs are currently the cheapest relative to global equities in the past 20 years, making them an attractive investment opportunity [11] - The performance of specific REITs is discussed, with American Homes 4 Rent (AMH) showing strong growth in dividends and occupancy rates, and CubeSmart (CUBE) performing well in a tight market [15][26] - Easterly Government Properties (DEA) is noted for its strong balance sheet and recent lease renewals, which have improved its outlook despite previous challenges [27][34] Group 3 - The article concludes that being overweight in REITs is a strategic move in the current market environment, as the sector offers significant value and risk-adjusted returns [35]

8vFanI REIT Performance The REIT sector recovery accelerated in July (+8.33%), expanding upon the gains in May (+2.51%) and June (+1.12%). In July, REITs handily outpaced the broader market, outperforming the Dow Jones Industrial Average (+4.5%), S&P 500 (+1.2%) and NASDAQ (-0.7%). The market cap weighted Vanguard Real Estate Index Fund ETF Shares (VNQ) saw slightly smaller gains than the average REIT in July (+7.94% vs. +8.33%), but it has outperformed year-to-date (+4.48% vs. +3.83%). The spread betwe ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend ...