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American Homes 4 Rent Posts Higher Q1 Adjusted FFO, Raises FY21 Guidance

05/07/2021 10:13

02:06 PM EDT, 05/07/2021 (MT Newswires) -- American Homes 4 Rent (AMH) reported after markets closed Thursday Q1 adjusted funds from operations of $0.29 per share, up from $0.26 per share in the prior year period.

Analysts polled by Capital IQ had called for $0.28 per share.

The real estate investment trust reported revenue for the March quarter of $312.6 million, up from $287.3 million a year earlier. Wall Street was looking for $309.9 million.

Looking ahead, American Homes said it anticipates full-year 2021 core FFO to be in the range of $1.24 to $1.30 per share, from its previous guidance of $1.22 to $1.28 per share. That compares with the consensus estimate of $1.26 per share.

Shares were up 1% in afternoon trade.

Price: 37.15, Change: +0.40, Percent Change: +1.09