American Homes 4 Rent reports Q2 adjusted FFO 39c, consensus 43c

Q2 core FFO was 45c. Reports Q2 revenue $423.5M, consensus $418.19M. “The consistency and predictability of the AMH platform was on full display in the second quarter. Our teams did a great job executing across all areas of the business, driving positive impacts on both the topline and controllable expenses, contributing to an increase in full year Core FFO per share growth guidance by 3 cents to $1.76 at the midpoint,” stated CEO David Singelyn. “We were also active in the debt capital markets, de-risking our 2024 debt maturities, increasing our financial flexibility for opportunistic growth, and bringing us one step closer to a fully unencumbered balance sheet. This quarter was another example of the earnings power of the total AMH platform and our ability to consistently create shareholder value now and into the future.”