Overview

* AMH Q2 rents and other single-family property revenues up 8% yr/yr to $457.5 mln

* Net income rises to $105.6 mln, $0.28 per diluted share, from $92.1 mln

* Core FFO per share up 4.9% yr/yr

Outlook

* AMH raises full-year 2025 Core FFO attributable to common share and unit holders guidance to $1.84-$1.88 per share

* Company anticipates 4.0%-6.2% Core FFO growth for full-year 2025

* AMH expects improved financing costs due to beneficial refinancing

* Company sees better core revenues growth driven by strong leasing performance

Result Drivers

* REVENUE GROWTH - Driven by increased rents and larger occupied portfolio

* SAME-HOME NOI - Core NOI from Same-Home properties rose 4.1% due to higher rent and lower uncollectible rents

* NEW HOME DELIVERIES - Delivered 636 newly constructed homes, enhancing portfolio growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Rents $457.50

& other mln

single-f

amily

property

Revenue

Q2 Core $361.30

Same-Hom mln

e

Revenue

Q2 EPS $0.28

Q2 Net $105.60

Income mln

Q2 Core $198 mln

FFO

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the residential reits peer group is "buy"

* Wall Street's median 12-month price target for American Homes 4 Rent ( AMH ) is $41.00, about 14% above its July 30 closing price of $35.25

* The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 55 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)