---
schema_version: "secwatch.filing_event.v1"
accession: "0001562401-23-000094"
form_type: "8-K"
ticker: "AMH"
cik: "0001562401"
company_name: "American Homes 4 Rent"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:29:53.342501+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AMH Q2 net income $98M, raises FY Core FFO guidance; announces $625M JV

## Summary
- Net income $98M ($0.27 diluted) vs $56.6M ($0.16) YoY; revenue +9.3% to $395.5M.
- Core FFO $0.41/share (+7.6% YoY); FY guidance raised to $1.62-$1.66 per share (midpoint $1.64).
- Same-Home Core NOI +4.8% to $193M; average occupied days 97% with 9.4% rate growth on new leases.
- Formed $625M second JV with J.P. Morgan AM; AMH holds 20% ownership, earns development/management fees.
- Moody's upgraded senior unsecured rating to Baa2 from Baa3 with stable outlook in May 2023.

## SEC filing metadata
- accession: 0001562401-23-000094
- form_type: 8-K
- ticker: AMH
- cik: 0001562401
- company_name: American Homes 4 Rent
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562401/000156240123000094/0001562401-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562401/000156240123000094/amh-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562401-23-000094
- JSON: https://secwatch.observer/filing/0001562401-23-000094.json
- Plain text: https://secwatch.observer/filing/0001562401-23-000094.txt

## Key facts
- Earnings Releases
  American Homes 4 Rent reported the quarter ended June 30, 2023 results: revenue $395.5 million, net income $98.0 million, EPS $0.27 per diluted share. Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Revenue: $395.5 million
  - Net income: $98.0 million
  - EPS: $0.27 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net income attributable to common shareholders totaled $98.0 million, or $0.27 per diluted share, for the second quarter of 2023, compared to $56.6 million, or $0.16 per diluted share, for the second quarter of 2022. This increase was primarily due to higher net gains on property sales, a larger number of occupied properties, higher rental rates and a nonrecurring noncash charge resulting from the redemption of our Series F perpetual preferred shares in the second quarter of 2022. Rents and other single-family property revenues increased 9.3% to $395.5 million for the second quarter of 2023, compared to $361.9 million for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562401/000156240123000094/0001562401-23-000094-index.htm
- Earnings Releases
  American Homes 4 Rent reported the six-month period ended June 30, 2023 results: revenue $793.3 million, net income $215.5 million, EPS $0.59 per diluted share.
  - Period: the six-month period ended June 30, 2023
  - Revenue: $793.3 million
  - Net income: $215.5 million
  - EPS: $0.59 per diluted share
  - Result: reported results
  source text: Net income attributable to common shareholders totaled $215.5 million, or $0.59 per diluted share, for the six-month period ended June 30, 2023, compared to $112.5 million, or $0.32 per diluted share, for the six-month period ended June 30, 2022. This increase was primarily due to higher net gains on property sales, a larger number of occupied properties, higher rental rates and a nonrecurring noncash charge resulting from the redemption of our Series F perpetual preferred shares in the second quarter of 2022. Rents and other single-family property revenues increased 10.5% to $793.3 million for the six-month period ended June 30, 2023, compared to $718.0 million for the six-month period ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562401/000156240123000094/0001562401-23-000094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.