AMH Q2 revenue rises 2.8% on higher rental rates, lifts 2026 outlook
AMH•Outlook
- AMH raises full-year 2026 Core FFO guidance to $1.93-$1.97 per share
- Company expects Same-Home Core revenues growth of 1.5%-3.0% for 2026
- AMH anticipates Core NOI growth of 1.4%-3.4% for full-year 2026
Overview
- U.S. single-family rental REIT's Q2 revenue rose 2.8% yr/yr, driven by higher rental rates
- Core FFO per share grew 5.2% yr/yr to $0.49, aided by expense controls and share repurchases
- Company repurchased $123 mln of shares and raised full-year Core FFO guidance midpoint
Result Drivers
- Rental rate increases - Revenue and Core NOI growth were primarily driven by higher rental rates
- Expense controls - Core NOI benefited from a decrease in core property operating expenses and strong cost control execution
- Portfolio expansion - Delivery of newly constructed homes through the AMH Development Program contributed to portfolio growth
