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American Homes (AMH)
NYSE:AMH
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 4.48%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
American Homes 4 Rent delivered strong performance in 2024 with robust FFO and NOI growth, a successful development program, and strategic acquisitions. The company is well-prepared for 2025, with strong leasing momentum and a solid balance sheet. However, the outlook for revenue growth in 2025 is more modest, and there are concerns about development yields and higher interest expenses.Company Guidance
During the earnings call, American Homes 4 Rent provided comprehensive guidance for 2025, highlighting several key metrics. The company expects core FFO per share to range between $1.80 and $1.86, representing a 3.4% year-over-year growth at the midpoint. Occupancy is projected to average in the low 96% area, consistent with last year, while same-home core revenue growth is anticipated to be 3.5% at the midpoint. Rent growth is expected to be in the high 3% area, with new lease spreads at 3% and renewals at 4%. Core operating expense growth is forecasted at 4%, with property tax growth in the mid-4% range. The company also plans to deliver approximately 2,300 homes from its development program, with initial yields averaging in the mid-5% area. Additionally, American Homes 4 Rent aims to deploy between $1 billion and $1.2 billion of total capital, adding 2,200 to 2,400 newly constructed homes. Lastly, bad debt is forecasted to be in the low 1% area, and the company intends to maintain disciplined growth without the need for external equity capital.Strong Finish to 2024
American Homes 4 Rent reported a 6.6% growth in core FFO per share, with core revenue growth of 5% and same-home core NOI growth of 5.3% for the full year.
Successful Development Program
Since 2017, the company has built over 12,000 homes in 200 communities. In 2024, they delivered a total of 2,356 homes, slightly exceeding expectations.
Robust Acquisitions and Dispositions
In Q4, the company acquired a nearly 1,700-home portfolio for $480 million and sold 587 properties, generating $180 million in net proceeds.
Strong Leasing Momentum into 2025
Leasing momentum continued strong into January and February 2025, with new lease spreads accelerating by 0.7% and renewal growth at 4.5%.
Solid Balance Sheet and Capital Management
The company ended 2024 with a net debt to adjusted EBITDA of 5.4 times, a fully undrawn $1.25 billion revolving credit facility, and $200 million in cash.
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AMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $35.71 | $35.14 | -1.60% |
| Oct 29, 2024 | $37.54 | $36.45 | -2.90% |
| Aug 01, 2024 | $36.35 | $37.25 | +2.48% |
| May 02, 2024 | $35.66 | $35.03 | -1.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Homes (AMH) report earnings?
American Homes (AMH) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is American Homes (AMH) earnings time?
American Homes (AMH) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMH EPS forecast?
AMH EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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