LAS VEGAS, Sept. 3, 2025 /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 2025 Global Real Estate Conference on Wednesday, September 10, 2025 at 9:35 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. A ...

Core Insights - AMH published its 2024 Sustainability Report, emphasizing its commitment to responsible practices and transparency in performance and initiatives [1][3] Company Overview - AMH is a leading large-scale integrated owner, operator, and developer of single-family rental homes, functioning as an internally managed Maryland real estate investment trust (REIT) [4] Sustainability Initiatives - The report highlights AMH's efforts to expand housing supply, strengthen neighborhoods, reduce waste, cut emissions, and improve efficiency [2] - AMH achieved a 13% reduction in greenhouse gas emissions intensity per home from the 2022 baseline [7] - The company generated over 1,100 MWh of renewable energy, marking an 81% increase from the previous year [7] Employee and Customer Satisfaction - AMH earned an employee Net Promoter Score® of 51, an increase from 48 in 2023, and significantly above the sector benchmark [7] - The company invested in tech-powered upgrades across its operational stack, resulting in improved service quality and customer satisfaction [7] Housing Performance - As of March 31, 2025, AMH owned over 61,000 single-family properties across various regions in the United States [5] - The average Home Energy Rating System (HERS®) score for AMH-built homes was 54.2, which is 8 points better than in 2021 and over 5 points better than in 2023 [7]

Core Viewpoint - AMH will release its second quarter 2025 financial and operating results on July 31, 2025, and will host a conference call on August 1, 2025, to discuss these results and recent events [1]. Company Overview - AMH (NYSE: AMH) is a leading large-scale integrated owner, operator, and developer of single-family rental homes, functioning as an internally managed Maryland real estate investment trust (REIT) [3]. - As of March 31, 2025, AMH owned over 61,000 single-family properties across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West [4]. Recognition and Awards - In recent years, AMH has received several accolades, including being named a 2025 Great Place to Work®, a 2025 Top U.S. Homebuilder by Builder100, and one of the 2025 Most Trustworthy Companies in America by Newsweek and Statista Inc. [4].

Financial Data and Key Metrics Changes - The company reported a core FFO per share of $0.46 for Q1 2025, representing a year-over-year growth of 6.6% [5][14] - Net income attributable to common shareholders was $110 million, or $0.30 per diluted share [14] - Same home core revenue growth was 4.3% for the quarter, with same home average occupied days strengthening to 95.9% [9][10] Business Line Data and Key Metrics Changes - Core operating expense growth was 4.2%, leading to same home core NOI growth of 4.4% for the quarter [10] - New lease spreads accelerated to 3.9% in April, with renewal and blended leasing spreads at 4.4% and 3.6% respectively [11] - The company successfully delivered 545 homes during the quarter, with 424 homes delivered to the wholly owned portfolio at an investment cost of approximately $173 million [15] Market Data and Key Metrics Changes - The Midwest markets showed strong performance, with new lease spreads nearly reaching 9% in April, up from 5.8% in Q1 [21] - The company was recognized as the 37th largest homebuilder in the U.S., up from 39th last year, indicating a growing market presence [7] - The company noted a persistent supply and demand imbalance in the U.S. housing market, with millions of quality homes still needed [6] Company Strategy and Development Direction - The company remains focused on high-quality markets and geographic diversification, with a strategic emphasis on resident experience [8][18] - The development program is expected to yield mid 5% returns as the company moves through the peak leasing season [12] - The company is maintaining a disciplined approach to acquisitions and dispositions, remaining patient for attractive opportunities [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong fundamentals of the housing sector despite recent market uncertainties [5] - The company anticipates continued demand for high-quality rental homes, particularly as millennials enter household formation years [6][18] - Management has left the 2025 guidance unchanged, citing the need to remain cautious amid evolving economic conditions [17] Other Important Information - The company’s credit rating was revised to a positive outlook by S&P Global, reflecting improved balance sheet management [16] - The company has approximately $70 million in cash available and a $410 million drawn balance on its revolving credit facility [15] Q&A Session Summary Question: Strength in Midwest markets and future growth - Management noted that the Midwest markets are performing well, with new lease spreads showing significant acceleration, driven by quality of life and affordability [21][22] - The company is actively looking to expand its land bank in the Midwest, particularly in Columbus and Indianapolis [24] Question: Competition in North Florida and Texas - Management acknowledged increased competition from public builders but believes the impact will be temporary, with signs of improved occupancy in affected markets [28] Question: Adjustments to leasing strategy - Management confirmed that they have made changes to their leasing strategy, particularly through lease expiration management initiatives to align with peak demand [31] Question: Impact of tariffs on pricing - Management estimates a 2% to 3% impact from tariffs on development costs, with most pricing already locked in for 2025 [34][35] Question: Differences in demographics between development and scattered site homes - Management reported consistency in the demographic profiles of residents in both types of homes, with no significant differences in rent growth or turnover [54][105] Question: Guidance and economic outlook - Management remains cautious about the economic environment but has not seen signs of weakening demand or consumer behavior as of April [48][59]

Core Insights - AMH reported a strong first quarter for 2025, with Core FFO per share increasing by 6.6% year-over-year to $0.46, reflecting confidence in industry fundamentals despite economic uncertainty [3][10] - The company achieved a net income of $110.0 million, or $0.30 per diluted share, for the first quarter of 2025, slightly up from $109.3 million in the same period last year [4][8] - Rents and other single-family property revenues rose by 8.4% to $459.3 million, driven by an increase in the average occupied portfolio and higher rental rates [5][8] Financial Performance - Core NOI from the total portfolio increased by 8.9% to $258.8 million, supported by an 8.0% rise in core revenues [6][10] - For the Same-Home portfolio, core revenues grew by 4.3% to $357.8 million, with a 4.5% increase in Average Monthly Realized Rent per property [7][9] - The company achieved a Same-Home Average Occupied Days Percentage of 95.9% in Q1 2025, with blended rate growth of 3.6% [8][9] Portfolio and Investments - As of March 31, 2025, AMH owned 60,700 single-family properties, an increase from 60,531 homes at the end of 2024, including 545 newly constructed homes delivered through the AMH Development Program [12][21] - The company has a total of 661 properties held for sale and 3,487 properties in unconsolidated joint ventures [12] Capital Activities and Balance Sheet - AMH paid off approximately $493.2 million on its asset-backed securitization during Q1 2025 [13] - As of March 31, 2025, the company had cash and cash equivalents of $69.7 million and total outstanding debt of $5.0 billion, with a weighted-average interest rate of 4.5% [14] Guidance for 2025 - The company expects full-year 2025 Core FFO attributable to common share and unit holders to be in the range of $1.80 to $1.86, representing growth of 1.7% to 5.1% [16] - Core revenues growth for Same-Home properties is projected between 2.50% and 4.50%, with core property operating expenses growth expected between 3.00% and 5.00% [17]