American Homes 4 Rent (N:AMH)

Business Focus: Residential REITs

Sector:  Financials Industry:  Residential REITs
See Regulatory Filings on SEC
Company Contact
Address: 30601 Agoura Rd Ste 200
AGOURA HILLS CA 91301-2148
Tel: N/A
IR: See website
Key People
Tamara Hughes Gustavson
Chairman of the Board Trustee
David P. Singelyn
Chief Executive Officer, Trustee
Christopher C. Lau
Chief Financial Officer
John E. Corrigan
Chief Operating Officer, Trustee
Stephanie G. Heim
Executive Vice President - Counsel, Assistant Secretary
Bryan Smith
Executive Vice President - Director of Property Management
Sara H. Vogt-Lowell
Chief Legal Officer
Business Overview
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company's primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties. As of December 31, 2016, it owned 48,422 single-family properties in 22 states, including 1,119 properties held for sale, and had an additional 47 properties in escrow that it intended to acquire. Its integrated operating platform offers property management, acquisitions, construction, marketing, leasing, financial and administrative functions. The Company may seek to invest in condominium units, townhouses and real estate-related debt investments. The Company is externally managed and advised by American Homes 4 Rent Advisor, LLC (the Advisor).
Financial Overview
For the six months ended 30 June 2019, American Homes 4 Rent revenues increased 7% to $561.1M. Net income applicable to common stockholders totaled $38.8M vs. loss of $9.3M. Revenues reflect FFO per Share (Basic) increase of 35% to $0.27, Other increase of 17% to $3.5M. Net Income reflects Net Operating Income (NOI), Total increase of 11% to $150.6M, Gain on sale pf single family properties increase from $5.5M to $19.4M (income).
Employees: 1,234 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $10,429M as of Jun 30, 2019
Annual revenue (TTM): $1,111M as of Jun 30, 2019
EBITDA (TTM): $562.81M as of Jun 30, 2019
Net annual income (TTM): $71.61M as of Jun 30, 2019
Free cash flow (TTM): $9.33M as of Jun 30, 2019
Net Debt Last Fiscal Year: $2,722M as of Jun 30, 2019
Shares outstanding: 301,107,999 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization