AMH Earnings Prediction
The chart below shows how AMH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMH sees a +0.32% change in stock price 10 days leading up to the earnings, and a +0.20% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
AMH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
436.59M
6.84%
-1.90%
Gross Margin
29.91%
2.75%
9.68%
Operating Margin
25.15%
2.28%
9.63%
Net Margin
32.95%
48.09%
67.34%
EPS
0.33
-8.33%
65.00%
No Data Available
AMH Earnings Analysis
American Homes 4 Rent Corporation (AMH.N) Earnings Conference Call
Positive
Core FFO Growth: Strong finish to 2024 with 6.6% growth in core FFO per share, indicating robust financial performance.
Core Revenue Growth: Achieved 4% same-home core revenue growth in Q4, aligning with expectations and contributing to a full-year growth of 5%.
Controlled Operating Expense Growth: Core operating expense growth was controlled at 4.8% for Q4 and 4.3% for the full year, showcasing effective cost management.
Core NOI Growth Performance: Same-home core NOI growth of 3.6% for Q4 and 5.3% for the full year reflects strong operational execution.
Leasing Momentum and Occupancy: Leasing momentum continued into 2025, with January showing 95.6% average occupied days and new lease spreads accelerating by 0.7%.
Rental Market Pricing Trends: Blended rate growth of 3.3% in January indicates positive pricing trends in the rental market.
2025 Revenue Growth Outlook: Outlook for 2025 includes a same-home core revenue growth forecast of 3.5%, demonstrating confidence in future performance.
Occupancy Rate Stability: Expected average occupancy in the low 96% area for 2025 aligns with long-term portfolio expectations, indicating stability.
Rent Growth Projections: Projected average monthly realized rent growth in the high 3% area suggests continued revenue enhancement opportunities.
Negative
Operating Expense Growth: Core operating expense growth was 4.8% for Q4 and 4.3% for the full year, indicating rising costs that could impact profitability.
Same-Home Revenue Forecast: The forecast for same-home core revenue growth in 2025 is only 3.5% at the midpoint, suggesting a slowdown compared to previous growth rates.
Bad Debt Impact: Bad debt is expected to be in the low 1% area in 2025, which could negatively affect overall revenue.
Occupancy Rate Fluctuations: The company noted that the usual seasonal curve for occupancy is expected to play out, indicating potential fluctuations in occupancy rates throughout the year.
Occupancy Improvement Concerns: While occupancy improved in the last two months of Q4, this is atypical and may not be sustainable going forward.
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AMH Earning Call Sentiment
American Homes 4 Rent (NYSE:AMH) Q4 2024 Earnings Call Transcript
AMH.N
-0.94%Positive
The earnings call reflects strong financial performance with increased FFO expectations and reduced expense growth. The Q&A section highlights positive leasing momentum, strong market performance, and confidence in new lease rate growth. Concerns about supply and acquisition market are noted, but the overall sentiment remains positive due to strong occupancy rates and strategic positioning. The lack of clear guidance on stabilized yields for new developments slightly tempers enthusiasm, but the overall outlook is still favorable.
