Loading...
•
Mar 31, 2020
American Homes 4 Rent Q1 2020 Earnings Report
Reported strong momentum with over 7% growth in Core FFO per share and unit and 96% end of quarter Same-Home occupancy.
Key Takeaways
American Homes 4 Rent reported a 3.7% increase in total revenues to $289.6 million for the first quarter of 2020. Net income attributable to common shareholders totaled $20.2 million, or $0.07 per diluted share. The company maintained a strong Same-Home portfolio Average Occupied Days Percentage of 95.3% and achieved a 3.6% year-over-year growth in Average Monthly Realized Rent per property.
Total revenues increased 3.7% to $289.6 million.
Net income attributable to common shareholders totaled $20.2 million, or $0.07 per diluted share.
Core FFO attributable to common share and unit holders was $103.1 million, or $0.29 per FFO share and unit.
Maintained strong Same-Home portfolio Average Occupied Days Percentage of 95.3% while achieving a 3.6% year-over-year growth in Average Monthly Realized Rent per property.
Revenue by Segment
Forward Guidance
Given the rapidly evolving nature of the pandemic and the uncertainties around the long-term economic impacts, the Company believes it is still too early to estimate the impact of the pandemic to the Company’s financial results and therefore has withdrawn full year 2020 guidance previously issued on February 27, 2020.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...