AMH, a prominent real estate investment trust (REIT) specializing in single-family rental homes, has declared a dividend distribution for the second quarter of 2024. The company’s Board of Trustees has approved a dividend of $0.26 per share on its common shares. Shareholders of record on June 14, 2024, can expect to receive the cash distribution on June 28, 2024.
In addition to the dividend for common shares, AMH has also declared per share quarterly distributions on its cumulative redeemable perpetual preferred shares. The 5.875% Series G shares will receive $0.36719 per share, while the 6.250% Series H shares will receive $0.39063 per share. These cash distributions will also be payable on June 28, 2024, to shareholders of record on June 14, 2024.
AMH is renowned for its focus on acquiring, developing, renovating, leasing, and managing single-family rental homes. The company aims to simplify the leasing experience and provide peace of mind to households nationwide. With nearly 60,000 single-family properties under its ownership, AMH operates in the Southeast, Midwest, Southwest, and Mountain West regions of the United States.
Having received various accolades and recognition in recent years, including being named one of Fortune’s Best Workplaces in Real Estate™, AMH strives to maintain its reputation as a trusted and responsible company in the industry.
Investors and interested individuals can find additional information about AMH on the company’s official website at www.amh.com.
Please note that this press release may contain forward-looking statements regarding the payment of distributions for the Company’s common and preferred shares. While AMH’s management believes these expectations to be reasonable, they are subject to various risks, contingencies, and uncertainties that could impact cash flows and distribution payments. For more details on the factors that may affect actual results, interested parties are encouraged to refer to the Company’s most recent reports filed with the Securities and Exchange Commission.
For further inquiries and investor relations, please reach out to Nicholas Fromm at (855) 794-2447 or via email at [email protected]
In addition to the information provided in the article, here are some facts and insights about the subject:
1. Current Market Trends: The single-family rental home market has been experiencing significant growth in recent years. The demand for rental homes has been on the rise due to factors such as changing demographics, lifestyle preferences, and the flexibility offered by renting. This trend is expected to continue as more people choose the rental option over homeownership.
2. Forecasts: The growth of the single-family rental market is expected to continue in the coming years. According to a report by Grand View Research, the global single-family rental market is projected to reach $1.9 trillion by 2027, growing at a compound annual growth rate (CAGR) of 3.2% from 2020 to 2027. This indicates the potential for continued expansion and investment opportunities in this sector.
3. Key Challenges or Controversies: One of the key challenges in the single-family rental market is the increasing competition from other investors and institutional buyers. This can lead to higher acquisition costs and tighter profit margins. Additionally, regulatory changes in the rental market, such as new rent control laws or restrictions on eviction practices, can impact the profitability of rental property investments.
Advantages of Investing in Single-Family Rental Homes:
– Potential for regular income streams through rental payments.
– Diversification of investment portfolio beyond traditional asset classes.
– Opportunity to benefit from long-term appreciation in property values.
– Ability to leverage financing options to increase returns on investment.
Disadvantages of Investing in Single-Family Rental Homes:
– Property management can be time-consuming and require expertise in tenant screening, maintenance, and dealing with legal issues.
– Market fluctuations can impact rental rates and property values.
– Vacancies can lead to loss of rental income and increased expenses for property upkeep.
– Limited control over external factors such as economic downturns or changes in rental regulations.
For more information about single-family rental homes and the real estate market, you can visit reputable sources such as:
Realtor.com
National Association of Realtors
Zillow
Overall, investing in single-family rental homes can offer attractive opportunities for income generation and portfolio diversification. However, it is important to carefully consider the potential risks and challenges associated with this type of investment.