American Homes 4 Rent (AMH) Q2 FFO and Revenues Surpass Estimates

Core Insights - American Homes 4 Rent (AMH) reported quarterly funds from operations (FFO) of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and up from $0.41 per share a year ago, indicating a 9.76% year-over-year increase [1] - The company achieved revenues of $423.49 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.74% and up from $395.55 million in the same quarter last year, reflecting a 7.4% increase [1] - Over the last four quarters, American Homes 4 Rent has surpassed consensus FFO estimates two times and revenue estimates four times [1] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and future FFO expectations [2] - Current consensus FFO estimate for the upcoming quarter is $0.43 on revenues of $434.13 million, while for the current fiscal year, the estimate is $1.74 on revenues of $1.7 billion [4] - The estimate revisions trend for American Homes 4 Rent is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The REIT and Equity Trust - Residential industry is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - BRT Realty, another company in the same industry, is expected to report quarterly earnings of $0.37 per share, with revenues projected at $23.45 million, reflecting a 0.6% increase from the year-ago quarter [6]