Steady on the gas in 2Q24

At AMH, we often talk about what it means to be dependable, to instill trust, to hold ourselves accountable.

It’s a concept that echoes in our company walls. It shows up in our training modules. It’s etched in our corporate values. And it takes a proverbial seat at all our conference tables.

In short, it means that we’re committed to consistently delivering value to our stakeholders, whether that’s customers, employees, partners, or investors.

And this year we’re demonstrating once again how powerful that reliability is, especially in today’s macroeconomic environment.

?? By the numbers

In Q2, AMH continued to build on our enduring strengths and steadily grow our business.??

As of June 30, 2024, the company’s total single-family properties consisted of 58,860 homes, which represents a quarterly increase of 245 homes.

We built a total of 671 high-quality and energy-efficient #AMH-built homes through our in-house development program.

• 580 of these were delivered to our operating portfolio.
• 91 of these were delivered to unconsolidated joint ventures.
• And we celebrated the delivery of our 10,000th AMH-built home since 2017, a milestone that was featured in Fast Company :

We continued to be a net supplier of housing to market, through the balance of our acquisitions and dispositions activity.

• We acquired 10 homes through our National Builder Program and traditional acquisition channel.
• 345 homes were identified for sale or directed to unconsolidated joint ventures.

Beyond our product offerings, the #AMHteam maintained a relentless focus on meeting rental demand and elevating the experience we create for our residents.

• We achieved a healthy same-home average occupancy of 96.6%.
• And our residents went on record with WESH 2 CW18 , NBCUniversal to share why they love to rent with AMH:

Finally, our disciplined approach translated into shareholder value:

• We positively revised our earnings guidance for the year, following strong leasing activity and execution on both topline and controllable expenses.

“Our teams did a great job executing across all areas of the business,” said David Singelyn , Chief Executive Officer at AMH . “This quarter was another example of the earnings power of the total AMH platform.”

For the full press release, please visit our Investor Relations site.