American Homes 4 Rent: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:56 AM ET
Last Updated - Aug 02, 2024, 02:56 AM EDT
LAS VEGAS (AP) — LAS VEGAS (AP) — American Homes 4 Rent (AMH) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.
The Las Vegas-based real estate investment trust said it had funds from operations of $187.1 million, or 45 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 43 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
