- American Homes 4 Rent press release ( NYSE: AMH ): Q4 FFO of $0.40 in-line.
- Revenue of $380.9M (+12.7% Y/Y) misses by $1.87M .
- Adjusted Funds from Operations attributable to common share and unit holders increased 5.2% year-over-year to $0.35 per FFO share and unit for the fourth quarter of 2022.
- Core Net Operating Income from Same-Home properties increased by 5.7% year-over-year for the fourth quarter of 2022.
- Achieved Same-Home Average Occupied Days Percentage of 97.0% in the fourth quarter of 2022, while generating 8.5% rental rate growth on new leases.
- 2023 Guidance: Core FFO from $$1.58 - $1.64 (vs. consensus $1.68).
For further details see:
American Homes 4 Rent reports Q4 earnings; initiates FY23 outlook