secwatch.observer — SEC 8-K summary
======================================

Issuer:     American Homes 4 Rent (AMH)
CIK:        0001562401
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001562401-24-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562401/000156240124000048/0001562401-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562401/000156240124000048/amh-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001562401-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer