American Homes 4 Rent

Chart & Performance

D1W1MN

Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected submarkets in 22 states.

URL

https://www.amh.com/

IPO date

Aug 01, 2013

Employees

1,794

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,623,605 8.93%	1,490,534 14.32%	1,303,882 10.23%
Cost of revenue	814,347	732,846	643,514
Unusual Expense (Income)
NOPBT	809,258	757,688	660,368
NOPBT Margin	49.84%	50.83%	50.65%
Operating Taxes		134,871	140,345
Tax Rate		17.80%	21.25%
NOPAT	809,258	622,817	520,023
Net income	380,168 117.05%	175,154 149.46%	70,214 87.88%
Dividends	(333,442)	(269,587)	(184,166)
Dividend yield	2.56%	2.56%	1.30%
Proceeds from repurchase of equity	398,600	561,395	230,060
BB yield	-3.06%	-5.33%	-1.62%
Debt
Debt current	948,864	130,000	350,000
Long-term debt	3,549,359	4,406,753	3,549,201
Deferred revenue	30,320	26,922	31,190
Other long-term liabilities	967,552	188,820	105,809
Net debt	4,298,974	4,334,585	3,703,387
Cash flow
Cash from operating activities	738,689	665,518	595,200
CAPEX		(138,779)	(122,551)
Cash from investing activities	(692,578)	(1,425,502)	(1,733,465)
Cash from financing activities	(42,210)	786,177	1,064,955
FCF	1,380,563	635,612	50,637
Balance
Cash	59,385	69,155	48,198
Long term investments	139,864	133,013	147,616
Excess cash	118,069	127,641	130,620
Stockholders' equity	295,035	242,839	245,496
Invested Capital	11,018,759	11,727,171	10,572,741
ROIC	7.12%	5.59%	5.27%
ROCE	7.27%	6.51%	6.25%
EV
Common stock shares outstanding	362,477	349,787	325,518
Price	35.96 19.31%	30.14 -30.89%	43.61 45.37%
Market cap	13,034,681 23.64%	10,542,583 -25.73%	14,195,853 54.10%
EV	18,019,106	15,555,931	18,578,252
EBITDA	1,265,808	1,184,219	1,033,216
EV/EBITDA	14.24	13.14	17.98
Interest	140,198	134,871	114,893
Interest/NOPBT	17.32%	17.80%	17.40%