AMH Q1 revenue $423.6M (+6.5%), Core FFO $0.43 (+5.8%), same-home NOI +4.9%

American Homes 4 Rent

2024-Q1 EPS reported $0.30

Net income $109.3M ($0.30 diluted EPS) vs $117.5M ($0.32) a year ago; down on lower gains on property sales.
Same-Home Average Occupied Days 96.2%; blended rate growth of 5.6% from new leases (+4.8%) and renewals (+5.9%).
Issued $600M 5.5% senior notes due 2034 (green bond) and repaid $460.6M securitization (AMH 2014-SFR2).
Full-year 2024 Core FFO guidance unchanged at $1.70-$1.76 per share; Same-Home Core NOI growth 3.0%-5.0%.
Wholly-owned portfolio 59,343 homes; delivered 469 newly built homes in Q1 via development program.

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 1.0

American Homes 4 Rent reported the quarter ended March 31, 2024 results: revenue $423.6 million, net income $109.3 million, or $0.30 per diluted share, EPS $0.30 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $423.6 million
Net income: $109.3 million, or $0.30 per diluted share
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

announced its financial and operating results for the quarter ended March 31, 2024. Highlights • Rents and other single-family property revenues increased 6.5% year-over-year to $423.6 million for the first quarter of 2024. • Net income attributable to common shareholders totaled $109.3 million, or $0.30 per diluted share, for the first quarter of 2024, compared to

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Source: SEC EDGAR

accession 0001562401-24-000048

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