Financial Data and Key Metrics Changes - The company reported a core FFO per share growth of 8.5% year-over-year, with a new midpoint guidance of $1.76, reflecting a 6% growth for the full year [6][19] - Net income attributable to common shareholders was $92.1 million, or $0.25 per diluted share [14] - Adjusted FFO was $0.39, representing a 9.4% year-over-year growth [14] Business Line Data and Key Metrics Changes - Same-Home core revenue growth was 5.5%, driven by renewal increases of 5.2% and blended spreads of 5.3% [9][10] - Same-Home core NOI growth was 5.9% for the quarter, with an updated full-year guidance increase to 4.5% [10][11] - The company maintained a Same-Home average occupied days of 96.6% [9] Market Data and Key Metrics Changes - The company noted strong demand for rental homes due to a national housing shortage and elevated home prices, which continues to drive the single-family rental market [7] - The Midwest markets showed particularly strong performance, with high-quality homes in good locations attracting in-migration [36] Company Strategy and Development Direction - The company is focused on consistent and predictable growth through disciplined capital allocation and operational execution [6][7] - The development program aims to deliver between 2,200 and 2,400 newly developed homes this year, with a controlled land pipeline of over 11,000 lots [11][12] - The company is strategically positioned to capitalize on the growing demand for high-quality single-family rental housing [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of housing fundamentals and the company's ability to meet growing demand [6][7] - The CEO transition is reported to be smooth, with a talented team in place to drive future growth [8] - Management remains cautious about potential impacts from new supply in certain markets but believes their product quality will maintain strong occupancy rates [24][25] Other Important Information - The company successfully issued a $500 million unsecured bond with a 5.5% coupon, which will be used to repay existing debt [16][17] - The company has a strong cash position with over $700 million available on the balance sheet [16] Q&A Session Summary Question: July trends and renewal rates - Management reported strong July performance with new lease rate growth of 6.2% and renewals at 5%, with expectations for renewal rates in the high 4% range for the second half of the year [21][22] Question: Impact of new supply in certain regions - Management acknowledged some pressure from new supply in Phoenix but emphasized that their product remains in high demand, with occupancy rates above 97% [24][25] Question: Bad debt expectations - Management expects bad debt to average around 1% for the full year, with strong collection trends observed across the portfolio [27][29] Question: Property tax guidance - Management indicated a positive outlook for property taxes, with a reduction in guidance reflecting favorable assessments in certain states [32][34] Question: Development pipeline concerns - Management expressed confidence in their development strategy, noting that their built-to-rent product is distinct from other new supply and remains in high demand [71][74] Question: Cost of capital considerations - Management discussed the importance of opportunistic capital use, emphasizing that their development program is structured to minimize reliance on equity [78][79] Question: Renewal rate expectations - Management targets a 70% retention rate for renewals, reflecting improvements in their service offerings and market conditions [80][81]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 001-36013 (American Homes 4 Rent) Commission File Number: 333-221878-02 (American Homes 4 Rent, L.P.) AMERICAN HOMES ...

For the quarter ended June 2024, American Homes 4 Rent (AMH) reported revenue of $423.49 million, up 7.1% over the same period last year. EPS came in at $0.45, compared to $0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $412.18 million, representing a surprise of +2.74%. The company delivered an EPS surprise of +4.65%, with the consensus EPS estimate being $0.43.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

American Homes 4 Rent (AMH) came out with quarterly funds from operations (FFO) of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.65%. A quarter ago, it was expected that this real estate company would post FFO of $0.43 per share when it actually produced FFO of $0.43, delivering no surprise.Over the last four quarters, the co ...

Exhibit 99.2 | --- | --- | --- | |----------------------------------|-------|-------| | | | | | | | | | Earnings Release and | | | | | | | | Supplemental Information Package | | | | | | | | | | | | Second Quarter 2024 | | | | | | | | | | | | | | | | | | amh1 | AMH Table of Contents Summary Earnings Press Release 3 Select Non-GAAP Reconciliations – Core Net Operating Income 8 Fact Sheet 10 Financial Information Condensed Consolidated Statements of Operations 11 Funds from Operations 12 Core Net Operating Inc ...

The upcoming report from American Homes 4 Rent (AMH) is expected to reveal quarterly earnings of $0.43 per share, indicating an increase of 4.9% compared to the year-ago period. Analysts forecast revenues of $412.18 million, representing an increase of 4.2% year over year.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...

seewhatmitchsee Are you in the market for a house? For your sake, I hope not. But I know that’s the situation so many Americans are in. Or at least the situation they wish they could be in. For an ever-broadening range of citizens, the American dream is dead. Home prices are just too expensive, and mortgage rates make them even worse. Consider a particular three-bedroom, two-bathroom rancher with a basement. Situated in Central Pennsylvania, it’s not very big: just 1,040 square feet. The kitchen is on t ...

wildpixel/iStock via Getty Images Did I miss anything while I was hiking? That's a joke, of course. The peace, tranquility, and quiet of the cool mountain air I've enjoyed over the last few weeks contrasts sharply with the chaos happening in the rest of the world. As investors, there are aspects of this chaos that need to be addressed. Anytime I discuss the economic effects of government policy (or proposed policy changes), some readers comment that I should steer clear of "politics." But to write about ...

Company Once Again Recognized as 39th Largest National Homebuilder on 2024 Builder 100 ListLAS VEGAS, July 10, 2024  /PRNewswire/ -- AMH (NYSE: AMH), a leading large-scale integrated owner, operator and developer of single-family rental homes, announces its 10,000th new home delivery and recognition by Builder Magazine as the 39th largest homebuilder in the United States on its 2024 Builder 100 List. This milestone reaffirms the company's commitment to creating new attainable housing at scale at a time of c ...

LAS VEGAS, July 8, 2024 /PRNewswire/ -- AMH (NYSE: AMH), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced that the Company will release its second quarter 2024 financial and operating results on Thursday, August 1, 2024, after the market closes. The Company will host a conference call on Friday, August 2, 2024, at 12:00 p.m. Eastern Time to review second quarter results, discuss recent events, and conduct a question-and-answer period.Live conferen ...