American Homes 4 Rent Raises Core FFO Guidance to $1.97 Per Share
American Homes 4 Rent (AMH) reported a strong third quarter, leading management to raise the midpoint of its core Funds From Operations (FFO) per share guidance. The updated guidance is now set at $1.97, representing a 5.3% year-over-year growth rate. The company's outlook is supported by a stable property tax environment, with management projecting mid-1% growth in property taxes. CEO Bryan Smith noted the strength of the recent quarter as a primary driver for the upward revision in financial expectations.
Tickers: $AMH
Topics: earnings report FFO guidance financial performance
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