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Name | Symbol | Market | Type |
---|---|---|---|
American Homes 4 Rent | NYSE:AMH-F | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.14 | 0 | 01:00:00 |
American Homes 4 Rent
American Homes 4 Rent, L.P.
|
Maryland
Delaware
|
001-36013
333-221878-02
|
46-1229660
80-0860173
|
|||
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
23975 Park Sorrento, Suite 300
Calabasas, California
|
91302
|
|
(Address of principal executive offices)
|
(Zip Code)
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of Class
|
Trading
Symbol
|
Name of exchange
on which registered
|
||
Class A common shares of beneficial interest, $.01 par value
|
AMH
|
New York Stock Exchange
|
||
Series F perpetual preferred shares of beneficial interest, $.01 par value
|
AMH-F
|
New York Stock Exchange
|
||
Series G perpetual preferred shares of beneficial interest, $.01 par value
|
AMH-G
|
New York Stock Exchange
|
||
Series H perpetual preferred shares of beneficial interest, $.01 par value
|
AMH-H
|
New York Stock Exchange
|
Three Months Ended
December 31, 2021
(Preliminary and
Unaudited) |
Year Ended
December 31, 2021
(Preliminary and
Unaudited) |
|||
(in millions, except share and per share
data) |
||||
Net income attributable to common shareholders
|
$ 42 to $54 | $ 128 to $142 | ||
Core FFO attributable to common share and unit holders
|
$ 136 to $152 | $ 507 to $522 | ||
Net income per share attributable to common shareholders
|
$ 0.13 to $0.16 | $ 0.39 to $0.44 | ||
Core FFO per share attributable to common share and unit holders
|
$ 0.35 to $0.39 | $ 1.34 to $1.38 | ||
Weighted-average common shares and units outstanding, diluted
|
388,408,459 | 377,362,350 |
Three Months
Ended |
Year Ended
|
|||||||
December 31,
2021 |
December 31,
2021 |
|||||||
(Preliminary and
Unaudited) |
(Preliminary and
Unaudited) |
|||||||
Net income attributable to common shareholders
|
$ | 48 | $ | 135 | ||||
Adjustments:
|
||||||||
Gain on sale and impairment of single-family properties and other, net
|
(13 | ) | (50 | ) | ||||
Depreciation and amortization of real estate assets
|
94 | 362 | ||||||
Noncontrolling interests, noncash share-based compensation and other
|
15 | 52 | ||||||
Redemption of perpetual preferred shares
|
— | 16 | ||||||
|
|
|
|
|||||
Core FFO attributable to common share and unit holders
|
$ | 144 | $ | 515 |
Three Months Ended
December 31, 2021
|
Three Months Ended
December 31, 2020
|
|||||||
Average Occupied Days Percentage
(2)
|
97.6 | % | 97.4 | % | ||||
Average Change in Rent for Re-Leases
(3)
|
12.2 | % | 7.7 | % | ||||
Average Change in Rent for Renewals
(4)
|
6.7 | % | 4.3 | % | ||||
Average Blended Change in Rent
(5)
|
8.7 | % | 5.5 | % |
(1) |
We classify a property as Same-Home if it has been stabilized longer than 90 days prior to the beginning of the earliest period presented under comparison and if it has not been classified as held for sale or taken out of service as a result of a casualty loss, which allows the performance of these properties to be compared between periods.
|
(2) |
Average Occupied Days Percentage represents the number of days a property is occupied in the period divided by the total number of days the property is owned during the same period after initially being placed in-service.
|
(3) |
Average Change in Rent for Re-Leases represents the percentage change in annual rent on properties re-leased during the period, compared to the annual rent of the comparable long-term previous expired lease for each individual property.
|
(4) |
Average Change in Rent for Renewals represents the percentage change in rent on non-month-to-month comparable long-term lease renewals during the period.
|
(5) |
Average Blended Change in Rent represents the percentage change in rent on all non-month-to-month lease renewals and re-leases during the period presented compared to the annual rent of the previously expired non-month-to-month comparable long-term lease for each property.
|
Three Months Ended
December 31, 2021
|
Year Ended
December 31, 2021
|
|||||||
Wholly Owned Inventory Additions (Developed & Acquired)
|
$ | 375 million | $ | 1.3 billion | ||||
Wholly Owned Land & Development Pipeline Investments
|
$ | 150 million | $ | 400 million | ||||
Pro Rata share of JVs & Property Enhancing Capital Expenditures
|
$ | 25 million | $ | 100 million | ||||
Total Capital Investment (Wholly Owned & Pro Rata JVs)
|
$ | 550 million | $ | 1.8 billion |
• |
issued 1,749,286 shares of Class A common shares under the
At-the-Market
|
• |
issued and physically settled the 1,845,000 Class A common shares that remained under the May 2021 forward sale agreements, receiving net proceeds of $64.5 million; and
|
• |
borrowed $350.0 million under our revolving credit facility, resulting in $350.0 million of outstanding borrowings under our revolving credit facility as of December 31, 2021.
|
Date: January 19, 2022 |
AMERICAN HOMES 4 RENT
|
|||||
By: |
/s/ Sara H. Vogt-Lowell
|
|||||
Sara H. Vogt-Lowell | ||||||
Chief Legal Officer |
Date: January 19, 2022 |
AMERICAN HOMES 4 RENT, L.P.
|
|||||
By: | American Homes 4 Rent, its General Partner | |||||
By: |
/s/ Sara H. Vogt-Lowell
|
|||||
Sara H. Vogt-Lowell | ||||||
Chief Legal Officer |
1 Year American Homes 4 Rent Chart |
1 Month American Homes 4 Rent Chart |
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