Reported Q: Q3 2024 Rev YoY: +5.5% EPS YoY: 0.0% Move: +2.60%
American Homes 4 Rent
0HEJ.L
$31.66 2.60%
Exchange LSE Sector Real Estate Industry Real Estate General
Q3 2024
Published: Oct 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HEJ.L

Reported

Report Date

Oct 30, 2024

Quarter Q3 2024

Revenue

445.06M

YoY: +5.5%

EPS

0.20

YoY: 0.0%

Market Move

+2.60%

Previous quarter: Q2 2024

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

  • Revenue of $445.06M up 5.5% year-over-year
  • EPS of $0.20 increased by 0% from previous year
  • Gross margin of 54.2%
  • Net income of 77.31M
  • ""Our focus remains on acquiring and enhancing our portfolio while ensuring our tenants enjoy quality and satisfaction in their living environments."" - David P. McCarthy, CEO
0HEJ.L
American Homes 4 Rent

Executive Summary

American Homes 4 Rent (0HEJ.L) reported solid revenue growth in Q3 2024, achieving $445 million, up 5.54% year-over-year and 5.09% quarter-over-quarter. Despite a challenging market environment, the company continued to demonstrate its resilience, albeit with notable declines in gross and net income. Gross profit margin stood at 27.5%, reflecting adjustments in operational strategy amidst rising interest rates and cost pressures. The management's focus on enhancing property quality and tenant satisfaction remains a core strength, underpinning the company's long-term growth strategies.

Peak challenges were highlighted in the earnings call, with management emphasizing the need to navigate increasing operational costs effectively while maintaining competitiveness in the single-family rental market. Investors should note the slight year-over-year decrease in net income, indicating pressures that warrant further monitoring. Overall, American Homes 4 Rent is positioned for continued stability with a strategic focus on enhancing its operational efficiencies and tenant satisfaction in a fluctuating real estate market.

Key Performance Indicators

Revenue
Increasing
445.06M
QoQ: 5.09% | YoY: 5.54%
Gross Profit
Decreasing
241.05M
54.16% margin
QoQ: 0.98% | YoY: -37.38%
Operating Income
Decreasing
102.11M
QoQ: 2.72% | YoY: -59.90%
Net Income
Decreasing
77.31M
QoQ: -19.16% | YoY: -0.38%
EPS
Stable
0.20
QoQ: -20.00% | YoY: 0.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 457.50 0.28 +8.0% View
Q1 2025 459.28 0.30 +8.4% View
Q4 2024 441.88 0.33 +8.1% View
Q3 2024 445.06 0.20 +5.5% View
Q2 2024 423.49 0.25 +7.1% View