earnings
confidence high
sentiment positive
materiality 0.75
AMH Q2 Core FFO $0.38 (+16% YoY); raises Same-Home NOI growth outlook
American Homes 4 Rent
2022-Q2 EPS reported
$0.32
- Revenue $361.9M (+15.4% YoY); net income $56.6M ($0.16 diluted EPS) vs $20.1M.
- Same-Home Core NOI +10.2% YoY; new lease rate growth 14.2%; occupancy 97.4%.
- S&P upgraded AMH to BBB; issued $900M of senior notes (3.625% 2032, 4.300% 2052).
- Redeemed 6.2M Series F preferred shares ($25/share); no debt maturities until 2024.
- FY2022 guidance: Core FFO $1.54-$1.58, Same-Home NOI +9.25%-10.75%; reduced acquisitions.