American Homes 4 Rent (AMH) Bundle
A Brief History of American Homes 4 Rent (AMH)
Company Founding and Early Years
American Homes 4 Rent was founded in 2012 by David P. Singelyn in Malibu, California. The company is a publicly traded real estate investment trust (REIT) specializing in single-family residential rental properties.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.6 billion |
| Net Income | $380.2 million |
| Total Assets | $7.9 billion |
| Market Capitalization | $6.3 billion |
Property Portfolio
As of Q4 2023, American Homes 4 Rent owns and manages:
- Approximately 58,000 single-family residential properties
- Properties located in 22 states across the United States
- Concentrated in high-growth markets like Texas, Florida, and Arizona
Operational Metrics
| Operational Metric | 2023 Value |
|---|---|
| Occupancy Rate | 96.5% |
| Average Monthly Rent | $2,150 |
| Same-Store Net Operating Income Growth | 5.7% |
Stock Performance
NYSE Ticker Symbol: AMH
| Stock Performance Metric | 2023 Value |
|---|---|
| Stock Price (Year-End 2023) | $33.45 |
| Dividend Yield | 3.2% |
Who Owns American Homes 4 Rent (AMH)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 33,419,239 | 12.56% |
| BlackRock Fund Advisors | 22,165,404 | 8.33% |
| Cohen & Steers, Inc. | 15,487,512 | 5.82% |
| State Street Corporation | 14,220,620 | 5.35% |
Founder and Executive Leadership
David Singelyn serves as Chairman, President, and CEO of American Homes 4 Rent, owning approximately 7.2% of the company's total shares.
Insider Ownership
- Total insider ownership: 9.4%
- Number of insider shareholders: 7 individuals
- Largest insider shareholder: David Singelyn
Total Outstanding Shares
As of Q4 2023, American Homes 4 Rent has 265,985,000 outstanding shares.
Ownership Distribution
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 77.3% |
| Insider Ownership | 9.4% |
| Retail Investors | 13.3% |
American Homes 4 Rent (AMH) Mission Statement
Company Overview
American Homes 4 Rent (AMH) is a publicly traded real estate investment trust (REIT) focused on single-family rental homes. As of Q4 2023, the company owns 59,224 single-family rental homes and 3 single-family rental communities across 16 states.
Financial Performance
| Total Revenue (2023) | $1.75 billion |
| Net Income (2023) | $310.8 million |
| Market Capitalization | $8.92 billion |
| Total Assets | $13.6 billion |
Strategic Focus Areas
- Provide high-quality single-family rental homes
- Maintain portfolio of well-maintained properties
- Generate consistent rental income
- Expand geographic footprint strategically
Property Portfolio Breakdown
| Total Rental Homes | 59,224 |
| Number of States | 16 |
| Occupancy Rate (2023) | 95.2% |
| Average Monthly Rent | $1,947 |
Key Performance Metrics
- Funds from Operations (FFO): $498.3 million
- Adjusted FFO: $526.7 million
- Same-home rental revenue growth: 4.8%
Corporate Governance
Leadership: David P. Singelyn serves as CEO and Chairman of the Board.
How American Homes 4 Rent (AMH) Works
Company Overview
American Homes 4 Rent (AMH) is a publicly traded real estate investment trust (REIT) that owns, manages, and develops single-family rental homes. As of Q4 2023, the company owned 59,215 single-family properties across 16 states.
Financial Performance
| Total Revenue (2023) | $1.75 billion |
| Net Income (2023) | $267.3 million |
| Total Assets | $8.1 billion |
| Market Capitalization | $6.5 billion |
Property Portfolio Distribution
| Total Properties | 59,215 |
| States with Properties | 16 |
| Average Property Value | $336,000 |
| Occupancy Rate | 96.4% |
Rental Operations
- Average Monthly Rent: $1,932
- Lease Renewal Rate: 57.3%
- Average Lease Term: 12 months
Geographic Concentration
| Top 3 States by Property Count | 1. Georgia (8,500 properties) 2. Florida (7,200 properties) 3. Texas (6,900 properties) |
Investment Strategy
Key focus areas:
- Acquiring single-family homes in high-growth markets
- Renovating and maintaining properties
- Generating consistent rental income
Operating Expenses
| Property Management Expenses | $412 million |
| Maintenance and Repairs | $287 million |
Dividend Information
Dividend Yield: 3.2%
Annual Dividend per Share: $0.60
How American Homes 4 Rent (AMH) Makes Money
Rental Income Revenue
As of Q4 2023, American Homes 4 Rent owned 58,547 single-family homes for rent. The average monthly rent was $2,166 per property. Total rental revenue for 2023 was $1.73 billion.
Property Portfolio Breakdown
| Property Type | Number of Properties | Geographic Distribution |
|---|---|---|
| Single-Family Homes | 58,547 | Primarily in Sun Belt states |
| Rental Markets | 16 states | Concentrated in Arizona, Florida, Georgia |
Revenue Streams
- Monthly Rental Income: $1.73 billion (2023)
- Property Management Fees
- Real Estate Investment Trust (REIT) income
Financial Performance
2023 total revenue: $2.08 billion 2023 net income: $243.9 million Total assets: $8.4 billion
Operational Expenses
| Expense Category | Annual Cost |
|---|---|
| Property Maintenance | $186.5 million |
| Property Management | $124.3 million |
Property Acquisition Strategy
2023 property acquisitions: 1,200 single-family homes Total investment in new properties: $425 million
Occupancy Rates
Average occupancy rate: 96.2% Average lease duration: 12-18 months
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