American Homes 4 Rent Q1 2024 FFO per share $0.43, Inline, Sales $423.555M Beat $416.684M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Homes 4 Rent (NYSE:AMH) reported Q1 2024 FFO per share of $0.43, meeting analyst estimates, and sales of $423.555M, exceeding expectations by 1.65% over the previous year's $397.703M.
May 02, 2024 | 8:12 pm
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American Homes 4 Rent reported a 4.88% increase in FFO per share and a 6.50% increase in sales compared to last year, meeting and exceeding analyst estimates respectively.
Meeting the FFO per share estimate and exceeding sales forecasts indicates strong operational performance and could lead to positive investor sentiment in the short term. The year-over-year growth in both key metrics further reinforces the company's upward trajectory, likely contributing to a positive outlook on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100