american homes 4 rent- a (AMH) Key Developments
American Homes 4 Rent Seeks Acquisitions
Jun 9 15
American Homes 4 Rent (NYSE:AMH) is seeking acquisitions. David Singelyn, Chief Executive Officer of AMH said, "We are trying to stabilize the portfolio and realize some of the built-in value that hasn't really been unlocked; at least we don't believe, as a management team, it's been unlocked. We've been operating for three years. The FFO that's been reported on a per-unit basis is not the stabilized amount. And one of the benefits of slowing down is you can stabilize your occupancy, which increases your stabilized cash flows, because you have less acquisition dilution in the numbers. And I think we'll see a lot of that coming through in the third quarter. And that will enhance our ability to raise additional capital, which will allow us to continue the acquisition of these opportunistic properties. But right now we're a little bit in a slower phase in the acquisition program."
American Homes 4 Rent Declares Common and Preferred Share Dividend for the Second Quarter of 2015, Payable on June 30, 2015
May 7 15
American Homes 4 Rent announced that, on May 7, 2015, the Board of Trustees declared a dividend of $0.05 per share on the company's common shares for the second quarter of 2015. The distribution will be payable in cash on June 30, 2015 to shareholders of record on June 15, 2015.
The Board of Trustees also declared a per share quarterly distribution on the company's participating preferred shares of $0.3125 on the 5.000% Series A shares, $0.3125 on the 5.000% Series B shares and $0.34375 on the 5.5000% Series C shares, payable on June 30, 2015 to shareholders of record on June 15, 2015.
American Homes 4 Rent Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015
May 7 15
American Homes 4 Rent reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues increased 70.5% to $131.7 million for the first quarter of 2015 from $77.3 million for the first quarter of 2014. Revenue growth was primarily driven by continued strong leasing activity, as its average leased portfolio grew to 29,717 homes for the first quarter of 2015, compared to 18,997 homes for the first quarter of 2014. Core FFO was $41.9 million, or $0.16 per FFO share, for the first quarter of 2015, compared to $28.1 million or $0.12 per FFO share, for the first quarter of 2014. Net loss attributable to common shareholders was $17.790 million or $0.08 basic and diluted per share compared to a net loss attributable to common shareholders of $13.676 million or $0.07 basic and diluted per share for the first quarter of 2014.
The company's outlook for the remainder of 2015 is optimistic as it project growth in revenue and operating results as it stabilize its portfolio's occupancy and drive rental rates.
American Homes 4 Rent Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 01:50 PM
May 1 15
American Homes 4 Rent Presents at Keefe, Bruyette, & Woods Mortgage Finance Conference, Jun-02-2015 01:50 PM. Venue: Millennium Broadway Hotel, 145 West 44th Street, New York, New York, United States.
American Homes 4 Rent Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 03:45 PM
Apr 25 15
American Homes 4 Rent Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 03:45 PM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.