secwatch.observer — SEC 8-K summary
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Issuer:     American Homes 4 Rent (AMH)
CIK:        0001562401
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001562401-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMH Q2 rents up 7.1% to $423.5M; raises FY Core FFO guidance to $1.74-$1.78
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- Net income $92.1M ($0.25/diluted share) vs $98.0M ($0.27) in Q2 2023; decrease from lower gains on property sales.
- Core FFO per share +8.5% YoY to $0.45; Adjusted FFO per share +9.4% YoY to $0.39.
- Same-Home Core NOI +5.9% to $219.9M; Same-Home Average Occupied Days 96.6% with 5.3% blended lease rate growth.
- Issued $500M of 5.500% unsecured senior notes due 2034; raised FY 2024 Core FFO guidance midpoint to $1.76 (+6.0% YoY).
- Total portfolio Core NOI +8.7% to $243.0M; portfolio grew to 58,860 homes; $718.4M cash, $1.25B credit facility undrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562401/000156240124000065/0001562401-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562401/000156240124000065/amh-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001562401-24-000065

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