AMH Q1 2023 net income $117.5M ($0.32/sh), revenue up 11.7% to $397.7M

American Homes 4 Rent

2023-Q1 EPS reported $0.32

Net income $117.5M ($0.32 diluted EPS) vs $55.9M ($0.16) YoY.
Rents and other revenues $397.7M, up 11.7% YoY; Same-Home Core NOI grew 5.4% to $194.5M.
Core FFO per share/unit $0.41, up 8.6%; Adjusted FFO $0.37, up 7.4% YoY.
Wholly-owned portfolio 58,639 homes; sold 666 homes for $184.3M net proceeds; no debt maturities until Q4 2024.
FY 2023 guidance unchanged: Core FFO $1.58-$1.64; Same-Home Core NOI growth 3-5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Homes 4 Rent reported first quarter of 2023 results: revenue $397.7 million, net income $117.5 million, EPS $0.32 per diluted share.

Period: first quarter of 2023
Revenue: $397.7 million
Net income: $117.5 million
EPS: $0.32 per diluted share
Result: reported results

Exact text from the filing

• Rents and other single-family property revenues increased 11.7% year-over-year to $397.7 million for the first quarter of 2023. • Net income attributable to common shareholders totaled $117.5 million, or $0.32 per diluted share, for the first quarter of 2023, compared to $55.9 million, or $0.16 per diluted share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001562401-23-000045

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