AMH Q2 rents up 8%, raises Core FFO full-year guidance
Overview
AMH Q2 rents and other single-family property revenues up 8% yr/yr to $457.5 mln
Net income rises to $105.6 mln, $0.28 per diluted share, from $92.1 mln
Core FFO per share up 4.9% yr/yr
Outlook
AMH raises full-year 2025 Core FFO attributable to common share and unit holders guidance to $1.84-$1.88 per share
Company anticipates 4.0%-6.2% Core FFO growth for full-year 2025
AMH expects improved financing costs due to beneficial refinancing
Company sees better core revenues growth driven by strong leasing performance
Result Drivers
REVENUE GROWTH - Driven by increased rents and larger occupied portfolio
SAME-HOME NOI - Core NOI from Same-Home properties rose 4.1% due to higher rent and lower uncollectible rents
NEW HOME DELIVERIES - Delivered 636 newly constructed homes, enhancing portfolio growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Rents & other single-family property Revenue | $457.50 mln | ||
Q2 Core Same-Home Revenue | $361.30 mln | ||
Q2 EPS | $0.28 | ||
Q2 Net Income | $105.60 mln | ||
Q2 Core FFO | $198 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the residential reits peer group is "buy"
Wall Street's median 12-month price target for American Homes 4 Rent is $41.00, about 14% above its July 30 closing price of $35.25
The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 55 three months ago
Press Release:
