American Homes 4 Rent reports Q2 adjusted FFO 36c, consensus 40c

Reports Q2 revenue $395.55M, consensus $385.59M. Core Net Operating Income from Same-Home properties increased by 4.8% year-over-year for the second quarter of 2023. “Continued robust demand and superior execution from our teams drove strong second quarter results and an increase in our full year Core FFO per share guidance by three cents at the midpoint. We remain committed to responsible and accretive growth through our differentiated internal development program. With the addition of our new joint venture capital, we look forward to further expanding our development pipeline to create consistent and predictable shareholder value over time,” said David Singelyn, AMH‘s CEO.