Residential REIT AMH's Q3 rents rise 7.5%, raises 2025 guidance

American Homes 4 Rent

29/10/2025 20:59

Overview

AMH Q3 rents and single-family property revenue grew 7.5% yr/yr

Net income for Q3 rose to $99.7 mln, reflecting higher rental rates and portfolio growth

Company raises full-year 2025 Core FFO guidance midpoint by $0.01 per share

Outlook

AMH raises full-year 2025 Core FFO guidance midpoint to $1.87 per share

Company revises 2025 Same-Home Core revenues growth to 3.25%-4.25%

AMH adjusts 2025 Core property operating expenses growth to 2.75%-3.75%

Result Drivers

RENTAL RATE INCREASE - Higher rental rates contributed to a 7.5% increase in rents and single-family property revenues

PORTFOLIO EXPANSION - Growth in average occupied portfolio to 57,689 homes supported revenue increase

COST MANAGEMENT - Lower than expected property tax expenses and lease expiration management helped control operating costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rents & other single-family property Revenue
$478.46 mln
Q3 Core Same-Home Revenue
$357.83 mln
Q3 EPS
$0.27
Q3 Net Income
$99.7 mln
Q3 Core FFO
$196.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for American Homes 4 Rent is $40.00, about 18.5% above its October 28 closing price of $32.61

The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 49 three months ago

Press Release: ID:nPn5csJnDa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)