NYSE$AMH

American Homes 4 Rent · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a consistent quarter with double-digit Core FFO per share growth.

American Homes 4 Rent reported a strong first quarter in 2022, with rents and other single-family property revenues increasing by 13.9% year-over-year to $356.1 million and a Core FFO per share growth of nearly 19%.

  • Rents and other single-family property revenues increased 13.9% year-over-year to $356.1 million.
  • Net income attributable to common shareholders totaled $55.9 million, or $0.16 per diluted share.
  • Same-Home Average Occupied Days Percentage of 97.5% was achieved, with 12.3% rate growth on new leases.
  • 452 newly constructed homes were delivered from the AMH Development program.

Headline financials

Total Revenue

$356M

Previous: $313M+13.9%
EPS (adj)

$0.38

Previous: $0.32+18.8%
Avg Occupied Days %

96.2%

Previous: 97.3%-1.1%
Capital Expenditures

-$310M

Previous: -$91.2M-240.4%
Free Cash Flow

-$240M

Previous: -$42.3M-468.8%
Net Income

$70M

Previous: $48.9M+43.1%
Operating Income

$48M

Previous: $32.9M+46.0%
Gross Profit

$356M

Previous: $313M+13.9%
Cash & Equivalents

$56.6M

Previous: $75.2M-24.7%
Total Assets

$11.4B

Previous: $9.69B+18.1%
Stock-Based Comp

$7.41M

Previous: $8.11M-8.7%

Revenue & EPS history

American Homes 4 Rent · Revenue · Quarterly

$356M

Q1 2022+13.9%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

American Homes 4 Rent · $356M total across 1 segment · Q1 2022

  • Single-family property revenues
    $356M+13.9%

Forward guidance

As the Company’s heaviest spring leasing season is still ahead, no changes have been made to previous Full Year 2022 guidance ranges.

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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