American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary - Thomson StreetEvents

American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary

American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary - Thomson StreetEvents
American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary
Published Jun 05, 2024
8 pages (4450 words) — Published Jun 05, 2024
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of AMH.N presentation 5-Jun-24 5:15pm GMT

  
Brief Excerpt:

...A. And today in our top 20 markets, it's 28% cheaper to rent. B. One of our homes than it is to buy that same home, on a national average it's closer to 31%. C. Just a short note to one of the highlights or milestones that we just had is we just delivered our 10,000 home that we built. D. So today, more than 15% of our homes are homes that we built in communities that we created for the purpose of single-family rental living. E. The business is feeling good with the real punch line and takeaway from the deck that spring is shaping up real nicely, just as we were hoping for April and May, occupancy held strong at [966] renewals held steady in the low F. And then importantly, we saw a nice acceleration in new leases moving from [51] in April up to [57] in May. G. Deliveries are running right on track with guidance expectations, providing us with a (technical difficulty) pathway for growth just as that program was designed to do, which is especially important in times like now where MLS and...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
American Homes 4 Rent
Ticker
AMH.N
Time
5:15pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Tony Paolone - JPMorgan - Analyst : So maybe let's dig a little bit into some of these things. I mean, one of the items that clearly stands out as the strength that you all have had and being able to continue to push these rents. Can you talk a little bit about we like these 5%-plus increase on both REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 05, 2024 / 5:15PM, AMH.N - American Homes 4 Rent at NAREIT REITweek: Investor Conference renewals and new leases. Where renewal is being sent out, I guess for perhaps August at this point. And with these kinds of increases, is there much left in terms of a loss to lease, so to speak in the portfolio where that sits.

Question: Tony Paolone - JPMorgan - Analyst :

Question: Tony Paolone - JPMorgan - Analyst : What is a move out to homeownership in your portfolio right now? And how do you think about what normal should be?

Question: Tony Paolone - JPMorgan - Analyst : And with these increases you've pushed through, can you spend a minute talking about just the underlying it tenant credit and ability to pay these levels of rents and what you're seeing at the resident income level really?

Question: Tony Paolone - JPMorgan - Analyst : Is there anything just either from a demand point of view or even as you're seeing on here on the collection side that you could talk about geographically, you're in a lot of markets through the country. Is there any differentiation you're seeing that's worthy to note here?

Question: Tony Paolone - JPMorgan - Analyst : Great. And I just have one more question on the operating side before moving to your investments. I think we've all been aware of just the pressure on property taxes, insurance and some of the bigger line items in OpEx. Can you maybe update us on what you're seeing on that front?

Question: Tony Paolone - JPMorgan - Analyst : So I want to pivot over to the investment side, but I'm just in doing so I want to also just invite the audience if there are any questions, feel free to raise your hand and we'll try to get those answered as we go along here. I'm happy to just keep going, but want to make this valuable to you also the other question guidance, raise your hand and we'll call on you. And I've got one. Unidentified Participant (Inaudible - microphone inaccessible).

Question: Tony Paolone - JPMorgan - Analyst : We have another question. Unidentified Participant (Inaudible - microphone inaccessible).

Question: Tony Paolone - JPMorgan - Analyst : Just, Dave, on that front, right, because development is a key component of the story. What are the yield you're achieving on these home deliveries right now? And you mentioned carrying a land bank to go from nuts-and-bolts four to six years. How do you think about cumulating a return on that during that process. So I think a lot of us is focused on like what that initial yield is, but how do you carry it?

Question: Tony Paolone - JPMorgan - Analyst : This is great. Well, this has been pretty informative. I want to thank you guys for doing this. We're up on time here and appreciate you all attending the session. So thank you.

Table Of Contents

American Homes 4 Rent Q3 2024 Earnings Call Summary – 2024-10-30 – US$ 54.00 – Edited Brief of AMH.N earnings conference call or presentation 30-Oct-24 4:00pm GMT

American Homes 4 Rent Q3 2024 Earnings Call Transcript – 2024-10-30 – US$ 54.00 – Edited Transcript of AMH.N earnings conference call or presentation 30-Oct-24 4:00pm GMT

American Homes 4 Rent at Bank of America Global Real Estate Conference Summary – 2024-09-11 – US$ 54.00 – Edited Brief of AMH.N presentation 11-Sep-24 2:20pm GMT

American Homes 4 Rent at Bank of America Global Real Estate Conference Transcript – 2024-09-11 – US$ 54.00 – Edited Transcript of AMH.N presentation 11-Sep-24 2:20pm GMT

American Homes 4 Rent at NAREIT REITweek: Investor Conference Transcript – 2024-06-05 – US$ 54.00 – Edited Transcript of AMH.N presentation 5-Jun-24 5:15pm GMT

American Homes 4 Rent Q4 2023 Earnings Call Summary – 2024-02-23 – US$ 54.00 – Edited Brief of AMH.N earnings conference call or presentation 23-Feb-24 5:00pm GMT

American Homes 4 Rent Q4 2023 Earnings Call Transcript – 2024-02-23 – US$ 54.00 – Edited Transcript of AMH.N earnings conference call or presentation 23-Feb-24 5:00pm GMT

American Homes 4 Rent Q3 2023 Earnings Call Summary – 2023-11-03 – US$ 54.00 – Edited Brief of AMH.N earnings conference call or presentation 3-Nov-23 4:00pm GMT

American Homes 4 Rent Q3 2023 Earnings Call Transcript – 2023-11-03 – US$ 54.00 – Edited Transcript of AMH.N earnings conference call or presentation 3-Nov-23 4:00pm GMT

American Homes 4 Rent at Bank of America Global Real Estate Conference Summary – 2023-09-12 – US$ 54.00 – Edited Brief of AMH.N presentation 12-Sep-23 3:05pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary" Jun 05, 2024. Alacra Store. May 11, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/American-Homes-4-Rent-at-NAREIT-REITweek-Investor-Conference-B16025158>
  
APA:
Thomson StreetEvents. (2024). American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary Jun 05, 2024. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/American-Homes-4-Rent-at-NAREIT-REITweek-Investor-Conference-B16025158>
  
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