American Homes 4 Rent raises 2024 Core FFO guidance to $1.74-$1.78 on Q2 results
American Homes 4 Rent reported second quarter 2024 results on August 1, 2024. Rents and other single-family property revenues rose 7.1% to $423.5 million and Core FFO per share rose 8.5% to $0.45, but net income attributable to common shareholders fell to $92.1 million, or $0.25 per diluted share, from $0.27 a year earlier, mainly due to lower net gains on property sales. The company raised its full year 2024 Core FFO guidance to $1.74-$1.78 per share from $1.70-$1.76, which it attributed in part to higher rental rates and cost control.
Key points
- Rents and other single-family property revenues rose 7.1% to $423.5 million for Q2 2024, up from $395.5 million a year earlier.
- Net income attributable to common shareholders was $92.1 million, or $0.25 per diluted share, versus $98.0 million, or $0.27, in Q2 2023.
- Full year 2024 Core FFO per share guidance raised to $1.74-$1.78 from $1.70-$1.76; midpoint up $0.03 to $1.76.
- Issued $500.0 million of 5.500% unsecured senior notes due 2034, with net proceeds of $494.0 million.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.