earnings
confidence high
sentiment positive
materiality 0.75
AMH Q4 2024 net income $0.33/diluted share; raises dividend 15% to $0.30
American Homes 4 Rent
2024-FY EPS reported
$1.08
- Q4 rents and other revenues up 6.8% YoY to $436.6M; net income $123.2M ($0.33/diluted) vs $76.6M ($0.21) YoY.
- Core FFO per share/unit of $0.45 (+5.7% YoY); adjusted FFO $0.41 (+5.9% YoY). Full-year Core FFO $1.77 per share/unit.
- Same-Home Core NOI grew 3.6% in Q4; average occupied days 95.4% with blended rate growth of 3.3%.
- Dividend increased 15% to $0.30 per common share for Q1 2025. Issued $500M 5.250% notes due 2035.
- 2025 Core FFO guidance $1.80-$1.86 per share/unit; expects to pay off $494.9M AMH 2015-SFR1 securitization in Q2 2025.