AMH reports Q1 adjusted FFO 45c, consensus 48c

Reports Q1 revenue $472.02M, consensus $470.56M. “AMH (AMH) delivered a solid first quarter, supported by steady execution across our operating platform and strong expense management from our field teams. As we entered the spring leasing season, the momentum we saw in March continued through April, resulting in additional occupancy gains and new lease spread turning positive,” stated CEO Bryan Smith. “Against a backdrop of economic uncertainty, these results demonstrate the resilience of single-family rental demand and the strength of the AMH platform as we move through the rest of the year.”