NYSE$AMH
American Homes 4 Rent · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
AMH reported a strong Q4 2024 performance with revenue and net income growth.
AMH saw a 6.8% increase in rental revenue and a 60.8% rise in net income year-over-year. Adjusted EPS was $0.41, supported by strong occupancy and rental rate growth. The company delivered 463 new homes and raised $500 million through senior notes. The dividend was increased by 15% for Q1 2025.
- Rental revenue increased by 6.8% year-over-year to $436.6 million.
- Net income rose to $123.2 million, a 60.8% increase from Q4 2023.
- Adjusted EPS was $0.41, up from $0.39 in Q4 2023.
- The company delivered 463 newly constructed homes.
Headline financials
Revenue & EPS history
American Homes 4 Rent · Revenue · Quarterly
$437M
Revenue by segment
American Homes 4 Rent · $422M total across 1 segment · Q3 2023
- Single-family property revenues$422M+7.7%100.0%
Forward guidance
AMH expects moderate growth in revenue and NOI for FY 2025, supported by stable occupancy and higher rental rates.
Tailwinds
- Expected revenue growth of 2.5% - 4.5%.
- Core NOI growth projected at 2.25% - 4.25%.
- Average occupied days expected to remain above 96%.
- Company plans to deliver 1,800 - 2,000 newly built homes.
- Stable rent growth expected in the high 3.0% range.
Headwinds
- Property operating expenses projected to increase by 3.0% - 5.0%.
- Higher property tax expenses expected to grow 3.5% - 5.5%.
- Debt repayment obligations of $925.4 million due in 2025.
- Macroeconomic uncertainty may impact demand.
- Potential impact from future severe weather events.
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 Q4 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro