American Homes 4 Rent ( (AMH) ) has released its Q4 earnings. Here is a breakdown of the information American Homes 4 Rent presented to its investors.
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American Homes 4 Rent is a leading real estate investment trust specializing in the acquisition, development, leasing, and management of single-family rental properties across the United States. In its latest earnings report, AMH announced a solid financial performance for the fourth quarter and full year of 2024, highlighting a 15% increase in its quarterly distribution. The company reported a year-over-year revenue increase of 6.8% to $436.6 million for the fourth quarter of 2024, primarily driven by higher rental rates. Net income attributable to common shareholders rose to $123.2 million, or $0.33 per diluted share, compared to $76.6 million, or $0.21 per diluted share, in the same period of the previous year. The company’s core funds from operations also saw a favorable increase, contributing to its robust financial health.
The key financial metrics underscored AMH’s strong operational performance and strategic execution. Same-Home Core Net Operating Income grew by 3.6% year-over-year for the fourth quarter, while the company achieved an impressive Same-Home Average Occupied Days Percentage of 95.4%. Additionally, AMH successfully delivered 463 newly constructed homes during the quarter, enhancing its portfolio with high-quality and energy-efficient properties. On the financing front, AMH issued $500 million of unsecured senior notes, effectively raising net proceeds of $494.2 million, which strengthens its liquidity position.
For the full year 2024, AMH demonstrated consistent financial growth, with net income reaching $398.5 million, up from $366.2 million in 2023. The company’s revenue for the year increased by 6.5% to $1.73 billion, reflecting its ability to capitalize on favorable market conditions and meet increasing demand for rental properties. AMH’s development and acquisition strategies contributed to a notable expansion of its portfolio, with over 61,000 single-family properties across key regions in the U.S.
Looking ahead, AMH’s management remains optimistic about its growth prospects for 2025. The company anticipates core funds from operations to grow between 1.7% and 5.1% for the full year, supported by strategic investments in new developments and property enhancements. AMH’s robust operational platform and commitment to delivering stable returns position it well for continued success in the residential rental market.
