05:26 PM EDT, 05/02/2024 (MT Newswires) -- American Homes 4 Rent ( AMH ) reported Q1 adjusted funds from operations late Thursday of $0.40 per diluted share, up from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.38.

Rents and other single-family property revenue in the quarter ended March 31 rose to $423.6 million from $397.7 million a year earlier.

Analysts surveyed by Capital IQ expected revenue of $418.9 million.

The company affirmed 2024 core FFO guidance of $1.70 to $1.76 a share. Analysts in a Capital IQ survey expect FFO of $1.74 and adjusted FFO of $1.52.