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Sunday, Feb 23, 2025

Revenue Keeps Growing at American Homes 4 Rent

American Homes 4 Rent increased its revenue for the fourth quarter and full year, the company announced Thursday. The Agoura Hills single-family home real estate investment trust reported funds from operations of $89.4 million (26 cents a share) in the quarter ended Dec. 31, compared to $75.9 million (26 cents) for the same quarter a year ago. Revenue increased 6.7 percent to $243 million. Analysts expected funds from operations of 26 cents, according to Zacks Investment Research. Funds from operations is a key metric in the REIT industry which takes net income and adds back items such as depreciation and amortization. For the full year, the company reported funds from operations of $327 million ($1.02 a share), compared to $282 million (97 cents) the previous year. Annual revenue grew 9.6 percent to $960 million. “American Homes 4 Rent completed a successful year,” Chief Executive David Singelyn said in a statement. “We also obtained the first and only investment grade ratings in the single-family rental sector, and have demonstrated the benefit of those ratings in our inaugural issuance of unsecured corporate debt. Looking forward to 2018, I remain bullish on our future based on the strength of fundamentals in the single-family rental sector.” Shares of American Homes (AMH) closed Friday down 13 cents, or a fraction of a percent, to $19.27 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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