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American Homes 4 Rent shared its Q3 results, showing a 5.3% rise in profit per share and a new forecast of $1.97.

ResultsRead the original at Benzinga
Good for AMH

AMH raised its forecast for a property-income measure by $0.02 per share to $1.97, with 5.3% growth expected. New rents rose 0.1% and households face cost pressure, but 96% occupancy and 3.3% renewal rent growth support the positive outlook.

AMH · American Homes 4 Rent

AI read · Good for AMH

The AI's read

That points to more income from the homes AMH rents. Same-home income after property costs grew in the quarter, and renewal rents continued to rise. New rents rose 0.1% in October, below the 3.3% rise for renewals. The company cited pressure on household budgets, but said demand for its homes continued.

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