AMERICAN HOMES 4 RENT AMH Income Statement

American homes 4 rent (AMH)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues:
Rents and other single-family property revenues
0	-	1,000,516	985,639	0	-	969,870	899,173	840,939	-	812,225	801,872	790,715	757,603	711,029	662,707	607,034	559,719	516,856	472,251	423,304	376,385	326,677	271,839	199,988	132,722	0	0	0
Other
0	-	10,069	6,694	0	-	6,008	4,552	5,239	-	7,354	12,159	13,717	15,798	14,696	11,253	9,051	6,665	5,323	3,924	2,686	1,590	0	0	0	-	-	0	-
Total revenues
1,153,768	1,143,378	1,129,684	1,111,432	1,094,055	1,072,855	1,045,340	1,012,124	984,649	960,399	945,157	934,378	917,684	878,889	823,917	760,473	693,787	630,576	574,888	512,668	453,344	398,874	346,865	285,935	209,751	139,032	0	0	0
Expenses:
Leased single-family properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141,618	108,614	78,174	51,411	0	0	0
Vacant single-family properties and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,118	31,106	29,655	22,341	0	0	0
General and administrative expense
45,037	43,206	39,430	37,588	36,779	36,575	36,159	35,419	34,668	34,732	35,270	34,788	33,793	33,068	32,914	30,961	29,306	26,867	24,376	23,577	23,004	21,947	19,735	17,186	12,294	8,845	0	0	0
Advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,352	0	0	0
Interest expense
124,914	127,114	126,642	126,107	125,514	122,900	117,956	113,618	110,032	112,620	118,411	124,670	131,759	130,847	127,183	118,198	104,720	89,413	70,918	52,164	34,049	19,881	10,502	5,390	1,502	370	0	0	0
Noncash share-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,034	2,872	2,750	2,586	2,368	1,770	1,437	1,079	0	0	0
Acquisition and other transaction costs
4,537	3,224	3,993	4,397	4,748	5,225	4,496	4,747	4,838	4,623	4,358	4,809	6,886	11,443	16,179	18,575	19,322	19,577	20,762	31,159	27,842	22,386	16,735	2,681	3,861	4,799	0	0	0
Depreciation and amortization
330,953	329,293	327,197	325,064	320,543	318,685	313,393	308,243	302,640	297,290	295,623	296,225	303,113	298,677	286,676	279,084	258,701	242,848	227,890	204,945	184,049	165,516	151,471	130,659	103,213	70,987	0	0	0
Hurricane-related charges, net
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
11,819	6,733	8,893	7,352	7,462	7,265	4,323	4,539	4,274	5,005	9,698	11,555	12,283	11,978	7,566	5,576	4,329	3,770	0	0	0	-	-	-	-	-	-	-	-
Total expenses
1,041,402	1,030,332	1,019,887	1,004,187	989,943	978,128	949,268	932,569	908,392	887,019	888,936	882,919	891,293	874,047	837,959	794,977	735,151	675,794	617,820	553,821	481,660	420,689	369,547	297,406	233,746	166,184	0	0	0
Gain on sale of single-family properties and other, net
48,989	43,873	40,392	31,824	21,339	17,946	10,900	7,842	7,056	6,826	8,370	18,157	16,361	14,569	12,574	0	0	-	0	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Conversion of Convertible Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	11,463	11,463	11,463	11,463	0	0	0	0	-	-	-	-	-	-	-	-
Gain on remeasurement of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Remeasurement of Series E units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	2,449	6,562	-525	-5,119	0	0	0	-	-	-	-
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net
-	-	0	0	-	1,212	2,712	11,103	9,463	2,841	-2,739	-13,620	-12,130	-7,020	-5,470	-5,980	-5,250	-4,830	-6,110	-4,860	-5,581	-6,158	0	0	0	-	-	-	-
Net income
160,696	156,260	149,530	138,410	124,004	112,438	108,237	97,053	86,221	76,492	55,297	36,033	17,214	10,446	0	0	0	-	-	-	-	-	-	-	-20,130	-20,074	0	0	0
Noncontrolling interest
15,696	15,221	14,449	13,231	6,077	4,165	-3,640	-6,212	-3,092	-4,507	-6,662	345	-386	3,751	13,949	9,742	14,233	14,353	14,546	14,819	15,301	14,965	15,102	15,518	15,970	13,245	0	0	0
Gain on disposition of single-family properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	0	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,008	0	0	0
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-32,571	-23,636	-19,144	-19,066	0	0	0
Dividends on preferred shares
55,128	55,128	55,128	53,569	51,771	52,586	53,400	58,430	61,728	60,718	59,709	56,125	48,255	40,237	32,219	24,119	22,276	22,276	22,276	22,276	21,376	18,928	0	0	0	-	-	-	-
Redemption of participating preferred shares/units
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net income attributable to common shareholders
89,872	85,911	79,953	71,610	33,941	23,472	-16,154	-29,796	-14,831	-22,135	2,250	-20,437	-30,655	-33,542	-56,407	-63,871	-71,164	-84,577	-83,415	-76,546	-71,099	-66,985	-62,192	-48,104	-49,851	-43,927	0	0	0
Weighted-average common shares/units outstanding:
Weighted-average common shares outstanding:
Weighted-average shares outstanding - basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	258,900	-	-	-	238,481	219,157	208,017	211,414	211,487	211,481	211,827	202,547	185,515	185,504	186,179	163,983	95,971	48,233
Basic (in shares)
300,813	300,780	300,580	299,466	296,833	296,701	296,214	295,462	286,183	-	266,767	-	244,391	-	238,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
301,305	301,206	301,032	299,991	297,444	297,915	296,967	295,462	286,727	-	289,153	-	244,391	-	238,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stockholders/unitholders per share/unit:
Net income attributable to common shareholders per share:
Basic (in dollars per share)
0.07	0.08	0.08	0.08	0.05	0.06	0.05	-0.05	0.02	-	0.01	-	-0.01	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.07	0.08	0.08	0.08	0.05	0.06	0.05	-0.05	0.02	-	0.00	-	-0.01	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share - basic and diluted:
Loss from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	0.02	-0.16	-0.16
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-
Net loss attributable to common shareholders per share - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-0.04	-0.02	-0.10	-0.14	-0.08	-0.08	-0.09	-0.11	-0.07	-0.07	-0.07	0.02	-0.15	-0.16
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	-	-	-	-	-	-	-	-	-	-
American Homes 4 Rent, L.P.
Rents and other single-family property revenues
0	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees from single-family properties
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant charge-backs
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
1,153,768	1,143,378	1,129,684	1,111,432	1,094,055	1,072,855	1,045,340	1,012,124	984,649	960,399	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management expenses
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expense
45,037	43,206	39,430	37,588	36,779	36,575	36,159	35,419	34,668	34,732	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
124,914	127,114	126,642	126,107	125,514	122,900	117,956	113,618	110,032	112,620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and other transaction costs
4,537	3,224	3,993	4,397	4,748	5,225	4,496	4,747	4,838	4,623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
330,953	329,293	327,197	325,064	320,543	318,685	313,393	308,243	302,640	297,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hurricane-related charges, net
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
11,819	6,733	8,893	7,352	7,462	7,265	4,323	4,539	4,274	5,005	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
1,041,402	1,030,332	1,019,887	1,004,187	989,943	978,128	949,268	932,569	908,392	887,019	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of single-family properties and other, net
48,989	43,873	40,392	31,824	21,339	17,946	10,900	7,842	7,056	6,826	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net
-	-	0	0	-	1,212	2,712	11,103	9,463	2,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
160,696	156,260	149,530	138,410	124,004	112,438	108,237	97,053	86,221	76,492	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest
-	-	0	0	-	-259	-126	-157	92	141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred shares
55,128	55,128	55,128	53,569	51,771	52,586	53,400	58,430	61,728	60,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of participating preferred shares/units
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common shareholders
105,568	101,132	94,402	84,841	40,266	27,896	-19,668	-35,851	-18,015	-26,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common units outstanding - basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	314,451	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
352,840	352,762	352,714	352,363	352,000	352,051	351,564	350,812	341,533	-	322,303	-	299,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
353,332	353,189	353,166	352,888	352,611	353,265	352,317	350,812	342,078	-	344,688	-	299,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
0.07	0.08	0.08	0.08	0.05	0.06	0.05	-0.05	0.02	-	0.01	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.07	0.08	0.08	0.08	0.05	0.06	0.05	-0.05	0.02	-	0.00	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common unitholders per unit - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees from single-family properties
Total revenues
-	-	-	-	-	-	-	-	10,956	-	10,552	10,607	10,641	10,234	9,784	9,032	8,512	7,646	6,873	6,256	5,941	5,968	0	0	0	-	-	0	0
Tenant charge-backs
Total revenues
-	-	-	-	-	-	-	-	127,515	-	115,026	109,740	102,611	95,254	88,408	77,481	69,190	56,546	45,836	30,237	21,413	14,931	0	0	0	-	-	0	-
Property operating expenses
Cost of goods and services sold
434,667	433,854	430,541	424,350	418,602	412,905	401,301	385,645	372,756	355,074	345,526	340,070	332,003	317,310	256,264	248,828	242,380	232,976	0	0	0	-	-	-	-	-	-	-	-
Property management expenses
Cost of goods and services sold
89,475	86,908	83,191	79,329	76,295	74,573	73,813	72,395	71,221	69,712	69,914	70,802	71,456	70,724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-