earnings
confidence high
sentiment positive
materiality 0.75
AMH Q3 Core FFO $0.41, raises FY23 guidance midpoint to $1.65
American Homes 4 Rent
2023-Q3 EPS reported
$0.80
- Rents & other revenue up 7.7% YoY to $421.7M; net income $0.20 diluted EPS vs $0.14.
- Core FFO per share $0.41 (+6.6% YoY); Adjusted FFO $0.35 (+7.1%).
- Same-Home Core NOI grew 3.2% to $191.1M; occupancy 96.4%, new lease rate growth 7.2%.
- Raised FY23 Core FFO guidance midpoint to $1.65 from $1.64; 7.1% growth expected.
- Entered $625M JV with J.P. Morgan for built-for-rental; no debt maturities until Q4 2024.