AMH Reports Strong Growth in Second Quarter 2025 Financial Performance

American Homes 4 Rent (NYSE: AMH), a leading integrated owner, operator, and developer of single-family rental homes, has announced robust financial and operational results for the second quarter ended June 30, 2025. The company witnessed significant year-over-year growth across several critical metrics, showcasing its resilient business operations in the expanding housing market.

Financial Highlights

During the second quarter of 2025, AMH reported that its revenues from rents and other single-family property operations surged by 8% compared to the same period in 2024, totaling an impressive $457.5 million. This growth can be attributed to an increase in the average occupied portfolio, which rose to 58,282 homes from 56,516 homes the previous year. Furthermore, net income attributable to common shareholders reached $105.6 million or $0.28 per diluted share, an increase from $92.1 million, reflecting a strong upward trajectory in earnings.

Core Funds from Operations (Core FFO) also saw a healthy rise of 4.9%, increasing to $0.47 per share for the second quarter, while Adjusted Funds from Operations (Adjusted FFO) jumped 6.3% to $0.42 per share. These figures indicate not just an increase in revenue but also an enhancement in operational efficiency, which is crucial in the competitive real estate sector.

The company also reported a notable boost in its Same-Home Net Operating Income (NOI), with an increase of 4.1% year-over-year. The average occupied days percentage stood at an impressive 96.3%, demonstrating AMH's effective management strategies in maintaining high occupancy rates despite the ongoing fluctuations in the housing market.

Development and Investment Activities

In the second quarter, AMH expanded its portfolio by delivering 636 newly constructed, energy-efficient homes as part of its Development Program. The company’s commitment to sustainable and efficient home development reflects its response to increasing demand for eco-friendly living spaces. This proactive approach has solidified AMH's reputation as a leading player in the single-family rental market.

Moreover, the company issued $650 million in unsecured senior notes at a 4.95% interest rate, raising net proceeds of approximately $642.5 million. This strategic capital raise aims to bolster AMH's liquidity and financing capabilities as it continues to invest in its growth initiatives throughout 2025.

Outlook for the Future

Looking ahead, the company has raised its full-year Core FFO guidance by $0.03 per share to $1.86. This adjustment reflects management's confidence in continued growth driven by operational excellence and strategic portfolio optimization. AMH's CEO, Bryan Smith, highlighted that the positive results from this spring's leasing season demonstrate the effectiveness of their strategies, which focus on operational efficiency and long-term shareholder value creation.

In response to a favorable market environment, AMH's upward revisions to its financial guidance underscore its ongoing commitment to delivering superior results while navigating challenges in the broader economy.

Conference Call

AMH has scheduled a conference call for August 1, 2025, at noon ET to discuss its financial results and provide further insights into strategic initiatives and market outlook, demonstrating its commitment to transparency and stakeholder engagement.

About AMH

American Homes 4 Rent is recognized as a prominent real estate investment trust (REIT) focusing on acquiring, developing, renovating, leasing, and managing single-family rental homes. With over 61,000 properties across various regions, AMH’s dedication to providing quality rental housing is evident through its consistent performance in a dynamic market landscape. The company continues to make strides as a recognized leader within the industry, committed to sustainable practices and community engagement.

Overall, AMH's second quarter performance models a resilient and strategically sound approach to capitalizing on current housing trends, ensuring continued growth and success in the future.