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Jun 30, 2020
American Homes 4 Rent Q2 2020 Earnings Report
Reported strength and resiliency in a challenging environment, highlighting ability to grow and deliver shareholder value.
Key Takeaways
American Homes 4 Rent reported a slight increase in total revenues, driven by growth in the average occupied portfolio and higher rental rates. Record demand and all-time high leasing and occupancy levels were experienced. The company collected 96.5% of second quarter rents through July 2020.
Total revenues increased 0.4% to $283.1 million.
Net income attributable to common shareholders totaled $15.4 million, or $0.05 per diluted share.
Same-Home portfolio Average Occupied Days Percentage reached 95.6%.
Rental rate growth on new leases achieved 4.4%.
American Homes 4 Rent
American Homes 4 Rent
Forward Guidance
Company did not provide forward guidance in the Q2 2020 earnings report.