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Dec 31, 2021
American Homes 4 Rent Q4 2021 Earnings Report
American Homes 4 Rent reported record-breaking results, driven by revenue growth and effective cost management.
Key Takeaways
American Homes 4 Rent reported a strong Q4 2021, with a 14.0% increase in single-family property revenues to $338.1 million. Net income attributable to common shareholders was $48.1 million, or $0.14 per diluted share. Core FFO increased 20.4% year-over-year to $0.37 per share and unit, and Adjusted FFO increased 20.9% to $0.34 per share and unit. The company achieved a Same-Home Average Occupied Days Percentage of 97.6% and generated 12.2% rental rate growth on new leases.
Rents and other single-family property revenues increased 14.0% year-over-year to $338.1 million.
Net income attributable to common shareholders totaled $48.1 million, or $0.14 per diluted share.
Core FFO attributable to common share and unit holders increased 20.4% year-over-year to $0.37 per FFO share and unit.
Achieved Same-Home Average Occupied Days Percentage of 97.6% and 12.2% rental rate growth on new leases.
American Homes 4 Rent
American Homes 4 Rent
American Homes 4 Rent Revenue by Segment
Revenue by Segment
Single-family rental Revenue
CapyFin.com Forward Guidance
The company initiated 2022 earnings guidance with a 14.7% increase in full-year Core FFO per Share and Unit.
Positive Outlook
- Full Year 2022 Core FFO attributable to common share and unit holders: $1.53 - $1.59
- Core FFO attributable to common share and unit holders growth: 12.5% - 16.9%
- Same-Home Core revenues growth: 7.25% - 9.25%
- Core property operating expenses growth: 4.75% - 6.75%
- Core NOI growth: 8.50% - 10.50%