EarningsAMH reported a clean, in-line FFO 4Q24 print, supported by solid, above-trend rent growth.
Market PositionAmerican Homes 4 Rent is positioned to benefit from a dropoff in supply from apartment delivery, commercial SFR developments, and lower homebuilding activity due to lack of affordability.
Operational PerformanceThe company's strong operational performance, a clean balance sheet, and superior rental product contribute to its relative premium.