NYSE$AMH
American Homes 4 Rent · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
American Homes 4 Rent reported financial and operating results for Q1 2021, demonstrating strong growth and record leasing results.
American Homes 4 Rent reported an 8.8% increase in single-family property revenues, reaching $312.6 million. Net income attributable to common shareholders was $30.2 million, or $0.09 per diluted share. The company experienced record demand with a Same-Home portfolio Average Occupied Days Percentage of 97.3% and achieved 10.0% rental rate growth on new leases.
- Rents and other single-family property revenues increased 8.8% to $312.6 million.
- Net income attributable to common shareholders totaled $30.2 million, or $0.09 per diluted share.
- Core FFO attributable to common share and unit holders increased 8.5% to $0.32 per FFO share and unit.
- Same-Home portfolio Average Occupied Days Percentage was 97.3% with 10.0% rental rate growth on new leases.
Headline financials
Revenue & EPS history
American Homes 4 Rent · Revenue · Quarterly
$313M
Revenue by segment
American Homes 4 Rent · $313M total across 1 segment · Q1 2021
- Single-family property revenues$313M+8.8%100.0%
Forward guidance
The Company is providing revised 2021 guidance based on its current and expected views of the single-family rental market and general economic conditions, with a Core FFO attributable to common share and unit holders between $1.24 and $1.30.
Tailwinds
- $0.01 reflecting strengthened operational outlook primarily in core revenues driven by strong occupancy and leasing results in both our Same-Home and Non-Same-Home portfolios.
- $0.01 reflecting partial year benefit from the anticipated refinancing of the 6.500% Series D and 6.350% Series E preferred shares.
- Core FFO attributable to common share and unit holders growth is expected to be between 6.9% and 12.1%.
- Same-Home Core revenues growth is expected to be between 3.75% and 4.75%.
- Core property operating expenses growth is expected to be between 4.00% and 5.50%.
Headwinds
- The extent to which the pandemic may continue to impact us and our residents will continue to depend on future developments.
- These include resurgences, new variants or strains, impact of government regulations.
- The speed and effectiveness of vaccine distribution and vaccine adoption rates.
- The direct and indirect economic effects of the pandemic and containment measures.
- The company is unable to reasonably predict certain items contained in the GAAP measures, including non-recurring and infrequent items that are not indicative of the Company’s ongoing operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.3%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+1.1%
Avg return
30 days after
53%
27 / 51 earnings
Positive
+7.6%
Q3 2023
Best reaction
-5.3%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -2.7% | +2.5% | |
| Q4 2025 | -4.2% | -3.4% | -11.3% | |
| Q3 2025 | +0.8% | +1.0% | +0.8% | |
| Q1 2025 | +3.6% | +2.4% | -0.1% | |
| Q4 2024 | -1.6% | -2.5% | +1.9% | |
| Q3 2024 | -4.0% | -8.4% | +1.0% | |
| Q2 2024 | +4.6% | +5.5% | +10.2% | |
| Q1 2024 | -0.5% | +1.5% | +0.3% | |
| Q4 2023 | +1.5% | +4.1% | +4.6% | |
| Q3 2023 | +7.6% | +5.3% | +12.3% | |
| Q2 2023 | +0.8% | +1.6% | -3.8% | |
| Q1 2023 | +5.4% | +5.9% | +4.9% | |
| Q4 2022 | -4.0% | -5.6% | -9.2% | |
| Q3 2022 | -2.9% | -4.9% | +4.3% | |
| Q2 2022 | -0.0% | +0.4% | -5.5% | |
| Q1 2022 | -2.3% | -6.8% | -2.3% | |
| Q4 2021 | +3.9% | +0.8% | +4.9% | |
| Q3 2021 | -2.8% | -1.7% | -0.4% | |
| Q2 2021 | +0.6% | -2.1% | +1.8% | |
| Q1 2021 | +2.9% | +2.1% | +5.9% | |
| Q4 2020 | -1.8% | -4.1% | +7.0% | |
| Q3 2020 | +3.9% | -1.4% | +0.4% | |
| Q2 2020 | +0.6% | -3.1% | -1.4% | |
| Q1 2020 | +3.6% | -0.7% | +13.4% | |
| Q4 2019 | -4.6% | +2.7% | -14.8% | |
| Q3 2019 | -0.6% | -0.7% | +1.9% | |
| Q2 2019 | -0.6% | -3.0% | +2.1% | |
| Q1 2019 | +1.7% | -0.9% | +2.2% | |
| Q4 2018 | -3.5% | -3.4% | -0.4% | |
| Q3 2018 | -5.3% | -5.6% | -1.1% | |
| Q2 2018 | +1.1% | +0.9% | +3.8% | |
| Q1 2018 | +1.3% | +1.7% | -0.3% | |
| Q4 2017 | +1.0% | +1.1% | -0.2% | |
| Q3 2017 | -0.2% | +2.1% | +0.5% | |
| Q2 2017 | -1.1% | -2.5% | -2.2% | |
| Q1 2017 | -2.9% | -3.1% | +1.1% | |
| Q4 2016 | +2.0% | +2.5% | +0.8% | |
| Q3 2016 | +5.2% | +5.1% | +3.0% | |
| Q2 2016 | +4.4% | +5.2% | +3.8% | |
| Q1 2016 | +5.9% | — | — | |
| Q4 2015 | +4.6% | — | — | |
| Q3 2015 | -3.6% | — | — | |
| Q2 2015 | -4.5% | — | — | |
| Q1 2015 | +1.8% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | -2.5% | — | — | |
| Q2 2014 | -0.7% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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