Fri, Feb 21, 7:40 PM (23 days ago)
**American Homes 4 Rent (AMH) Summary - 10-K for Year Ended December 31, 2024** For the fiscal year ending December 31, 2024, American Homes 4 Rent (AMH) reported a net income of $468.1 million, up from $432.1 million in 2023. Revenue increased to $1,728.7 million, primarily driven by higher rental rates. Operating expenses rose to $625.9 million due to increased property taxes and maintenance costs. Earnings per share (EPS) for common shareholders was $1.08, compared to $1.01 in the prior year. The company continues to expand its portfolio, owning 61,336 single-family properties across 24 states, with an occupancy rate of 94.2%. AMH's strategic focus includes developing “built-for-rental” homes and pursuing acquisitions through its AMH Development Program. The company faces risks including high inflation, interest rate fluctuations, and regulatory changes impacting rental markets. AMH maintains a strong financial position with $199.4 million in cash and no outstanding borrowings as of December 31, 2024, alongside a $1.25 billion revolving credit facility. The outlook remains cautiously optimistic, contingent on ongoing market demand and operational efficiency. The company is committed to maintaining REIT status, distributing at least 90% of taxable income to shareholders.