Core Viewpoint - AMH will release its fourth quarter and full year 2025 financial and operating results on February 19, 2026, and will host a conference call on February 20, 2026, to discuss these results and recent events [1]. Group 1: Financial Results Announcement - The financial and operating results for the fourth quarter and full year 2025 will be announced after market close on February 19, 2026 [1]. - A conference call is scheduled for February 20, 2026, at 12:00 p.m. Eastern Time to review the results and engage in a Q&A session [1]. Group 2: 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) [3]. - As of September 30, 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]. Group 3: 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].

Company Overview - American Homes 4 Rent (NYSE:AMH) is a significant operator of single-family rental homes in the United States, involved in acquiring, developing, renovating, and leasing properties. The company also manages an online platform for tenant convenience regarding rent payments and account management [4]. Analyst Ratings - Jade Rahmani from Keefe Bruyette upgraded his rating on American Homes 4 Rent from Market Perform to Outperform, with a price target of $37, indicating an upside of over 14% at the current price range [1]. - Conversely, Juan Sanabria from BMO Capital downgraded his rating from Outperform to Market Perform, maintaining the same price target of $37, which still reflects an upside of more than 14%. This downgrade was influenced by President Trump's proposal to ban institutional investors from single-family home investments, which could negatively impact single-family residential REITs [3]. Market Outlook - Keefe Bruyette presented a positive outlook for the commercial real estate market in 2026, predicting a "more secure recovery phase with moderate yet still healthy growth." This is expected to benefit high-quality assets, which are likely to deliver attractive returns [2].

Core Points - AMH (NYSE: AMH) will release its third quarter 2025 financial and operating results on October 29, 2025, after market close [1] - A conference call to discuss the results will be held on October 30, 2025, at 12:00 p.m. Eastern Time [1] 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] - As of June 30, 2025, AMH owned over 61,000 single-family properties across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West [5] Recognition and Awards - In recent years, AMH has been recognized as 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. [5]

Core Viewpoint - AMH, a leading integrated owner, operator, and developer of single-family rental homes, will participate in a roundtable discussion at the BofA Securities 2025 Global Real Estate Conference on September 10, 2025 [1]. Company Overview - AMH (NYSE: AMH) is an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing, and managing single-family rental properties [3]. - As of June 30, 2025, AMH owned over 61,000 single-family properties across the Southeast, Midwest, Southwest, and Mountain West regions of the United States [4]. Recognition and Awards - In recent years, AMH has been recognized as 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].

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]