Quarterly ResultMay 6, 2026, 04:21 PM
American Homes 4 Rent Q1 Revenue $472M; EPS $0.35; Core FFO $0.48
AI Summary
American Homes 4 Rent reported solid first-quarter 2026 financial and operating results, with rents and other single-family property revenues increasing 2.8% to $472.0 million and net income rising to $127.8 million, or $0.35 per diluted share. Core FFO grew 4.6% to $0.48 per FFO share and unit, driven by strong expense management and accelerating spring leasing activity. The company also repurchased $115.1 million in shares during the quarter and authorized a new $750.0 million share repurchase program, while reaffirming its full-year 2026 guidance.
Key Highlights
- Rents and other single-family property revenues increased 2.8% year-over-year to $472.0 million for Q1 2026.
- Net income attributable to common shareholders totaled $127.8 million, or $0.35 per diluted share.
- Core FFO attributable to common share and unit holders increased 4.6% year-over-year to $0.48 per FFO share and unit.
- Core Net Operating Income (NOI) from Same-Home properties increased by 3.7% year-over-year.
- Repurchased 3.7 million Class A common shares for $115.1 million in Q1 2026 and 3.2 million shares for $94.0 million in April 2026.
- Board authorized a new share repurchase program for up to $500.0 million Class A common shares and $250.0 million preferred shares.
- Delivered 539 newly constructed homes (wholly-owned and unconsolidated joint ventures) in Q1 2026.
- Full Year 2026 Core FFO guidance remains unchanged at $1.89 - $1.95 per FFO share and unit.