American Homes 4 Rent Q2 2023 Earnings Call Summary - Thomson StreetEvents

American Homes 4 Rent Q2 2023 Earnings Call Summary

American Homes 4 Rent Q2 2023 Earnings Call Summary - Thomson StreetEvents
American Homes 4 Rent Q2 2023 Earnings Call Summary
Published Jul 28, 2023
18 pages (10195 words) — Published Jul 28, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of AMH.N earnings conference call or presentation 28-Jul-23 4:00pm GMT

  
Brief Excerpt:

...A. We delivered another quarter of excellent results, supported by strong operating fundamentals and leasing momentum. B. This resulted in $0.41 of core FFO per share for the second quarter or 7.6% growth over the same quarter last year. C. Importantly, we generated better-than-anticipated leasing spreads during peak leasing season, thanks to continued demand drivers and superior execution from our teams. D. As a result, we have increased full year core FFO per share guidance by $0.03 at the midpoint, which represents 6.5% growth on a full year basis over 2022 and the high end of our previous guidance range. E. Year-to-date, we have delivered 1,100 homes and have started construction on the remaining scheduled deliveries in 2023. F. Looking to 2024, we anticipate another year of incremental growth based on current visibility we have into the pipeline. G. Finally, I am happy to announce that we have entered into a second development joint venture with institutional investors advised by JPMorgan...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
American Homes 4 Rent
Ticker
AMH.N
Time
4:00pm 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: Alan Robert Peterson - Green Street Advisors, LLC, Research Division - Analyst : Bryan, I was just hoping, across the portfolio, if you can give an update on where rent-to-income ratios are today. And given that people are spending more on housing today than in prior years, where do you see that pricing opportunity kind of capping out for

Question: Alan Robert Peterson - Green Street Advisors, LLC, Research Division - Analyst : Understood. Appreciate all those comments. And maybe, Chris, just shifting over to the JV. Can you give us a sense for what the stabilized run rate on asset management, property management, development fee income could be over the next, call it, 2 to 3 years once these JVs are fully ramped? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 28, 2023 / 4:00PM, AMH.N - Q2 2023 American Homes 4 Rent Earnings Call

Question: Bradley Barrett Heffern - RBC Capital Markets, Research Division - Analyst : Can you walk through where construction costs are currently year-over-year, and has there been any change to the previous view that we'll see increasing declines just given the strength in the broader housing market?

Question: Bradley Barrett Heffern - RBC Capital Markets, Research Division - Analyst : And then I wanted to get your thoughts on supply. Obviously, the MLS acquisitions have ground to a halt for pretty much everyone, but how do you think about build-to-rent supply? And is there anything that suggests that more people are renting out their homes because they have locked in low rate mortgages? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 28, 2023 / 4:00PM, AMH.N - Q2 2023 American Homes 4 Rent Earnings Call

Table Of Contents

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

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

American Homes 4 Rent Q2 2023 Earnings Call Transcript – 2023-07-28 – US$ 54.00 – Edited Transcript of AMH.N earnings conference call or presentation 28-Jul-23 4:00pm GMT

American Homes 4 Rent at NAREIT REITweek: Investor Conference Summary – 2023-06-07 – US$ 54.00 – Edited Brief of AMH.N presentation 7-Jun-23 1:30pm GMT

American Homes 4 Rent at NAREIT REITweek: Investor Conference Transcript – 2023-06-07 – US$ 54.00 – Edited Transcript of AMH.N presentation 7-Jun-23 1:30pm GMT

American Homes 4 Rent Q1 2023 Earnings Call Summary – 2023-05-05 – US$ 54.00 – Edited Brief of AMH.N earnings conference call or presentation 5-May-23 4:00pm GMT

American Homes 4 Rent Q1 2023 Earnings Call Transcript – 2023-05-05 – US$ 54.00 – Edited Transcript of AMH.N earnings conference call or presentation 5-May-23 4:00pm GMT

American Homes 4 Rent at Citi Miami Global Property CEO Conference (Virtual) Transcript – 2023-03-07 – US$ 54.00 – Edited Transcript of AMH.N presentation 7-Mar-23 4:15pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "American Homes 4 Rent Q2 2023 Earnings Call Summary" Jul 28, 2023. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-American-Homes-4-Rent-Earnings-Call-B15654294>
  
APA:
Thomson StreetEvents. (2023). American Homes 4 Rent Q2 2023 Earnings Call Summary Jul 28, 2023. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-American-Homes-4-Rent-Earnings-Call-B15654294>
  
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