Welcome!

News Feed Item

American Homes 4 Rent Announces Home Price Appreciation Amounts for its 5% Series A and B Participating Preferred Shares and Declares Distributions

AGOURA HILLS, Calif., March 3, 2014 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company,") today posted the revised "Home Price Appreciation Factor" and "Home Price Appreciation Amount" through December 31, 2013, as those terms are defined in the final prospectuses for the Company's 5% Series A and Series B Participating Preferred Shares (NYSE: AMHPRA and AMHPRB).  The computations of these amounts are based on the results of the House Price Index of the Federal Housing Finance Agency, or FHFA, known as the Quarterly Purchase-Only Index, or POI, specifically the non-seasonally adjusted "Purchase-Only Index" for the "100 Largest Metropolitan Statistical Areas" as of December 31, 2013, which was released February 25, 2014.

Based on the weighting among our top 20 markets established under the terms of our 5% Series A and Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30, 2013 to December 31, 2013 was 2.65%, resulting in a Home Price Appreciation Factor of 1.32%.  The Home Price Appreciation Amount through December 31, 2013 was $0.331

The computation of these amounts appears on the following page, and has also been posted to the "For Investors" page of the Company's website (www.americanhomes4rent.com), together with the FHFA report.  This detailed information is provided at the end of this press release.  The Company anticipates announcing the next update to these amounts in approximately three months.

Declaration of Distributions on Series A and Series B Participating Preferred Shares

The Company announced that on February 26, 2014, the Board of Trustees declared a quarterly cash dividend in the amount of $0.3125 per share on the Series A Participating Preferred Shares.   The Board of Trustees also declared a quarterly cash dividend of $0.35 per share on the Series B Participating Preferred Shares, which includes accrued dividends from the date the Series B shares were issued.  Both dividends are payable on March 31, 2014 to shareholders of record on March 15, 2014.

Company Information

American Homes 4 Rent (NYSE: AMH) is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating high quality, single-family homes as rental properties. As of December 31, 2013, we owned 23,268 single-family properties in selected submarkets in 22 states.  We are a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. Our common stock is a component of the Russell 1000 and Russell 3000 Indexes.

Forward-Looking Statements

This press release contains "forward-looking statements." These forward -looking statements relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "anticipate," "potential," or other words that convey the uncertainty of future events or outcomes. These forward-looking statements include the anticipated timing of the next update of the Home Price Appreciation Amount and the expected dividend payment date for the Company's Series A and Series B Participating Preferred Shares. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties that may be difficult to predict or beyond the Company's control. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statement to conform to actual results or changes in expectations, except as required by applicable law.


December 31, 2013
Measurement of Aggregate HPA Amount Per Series A and Series B Participating Preferred Shares  (1)



June 30, 2013


December 31, 2013


Metropolitan Statistical Area

Relative
Weighting
Applied in Determining HPA

Actual POI Value (2)

Assigned
Baseline
Value

Actual POI
Value

POI Value
Relative to
June 30, 2013
Baseline

Dallas – Plano – Irving, TX

4.754%

194.12

100

198.79

2.41%

Fort Worth – Arlington, TX

4.754%

180.86

100

186.40

3.06%

Indianapolis, IN

8.880%

164.50

100

165.40

0.55%

Greater Chicago Area, IL

7.679%

182.20

100

185.58

1.86%

Atlanta, GA

7.545%

174.20

100

179.66

3.13%

Nashville, TN

6.390%

230.70

100

237.75

3.06%

Houston, TX

6.312%

241.20

100

251.00

4.06%

Cincinnati, OH

6.119%

166.30

100

166.16

-0.08%

Salt Lake City, UT

5.495%

323.90

100

323.59

-0.10%

Tampa, FL

5.361%

209.60

100

218.28

4.14%

Charlotte, NC

5.354%

186.80

100

193.47

3.57%

Phoenix, AZ

5.270%

232.50

100

247.72

6.55%

Jacksonville, FL

4.776%

211.70

100

216.03

2.05%

Las Vegas, NV

4.371%

133.30

100

149.08

11.84%

Raleigh, NC

4.040%

197.10

100

198.65

0.79%

Columbus, OH

3.167%

178.90

100

180.44

0.86%

Orlando, FL

3.036%

180.00

100

181.11

0.62%

Tucson, AZ

1.867%

206.70

100

216.99

4.98%

Greensboro, NC

1.789%

161.00

100

157.21

-2.35%

Austin, TX

1.550%

316.10

100

317.68

0.50%

San Antonio, TX

1.490%

226.50

100

227.56

0.47%

Cumulative HPA





2.65%

HPA Factor (50% Cumulative HPA)





1.32%

HPA Amount





$0.331

(1) The Actual POI Value and HPA  Amount for each quarter since the issuance of the Series A and Series B Participating Preferred Shares are available on the Company's website on the "For Investors" page.

(2) Actual POI Value as of June 30, 2013 represents the value as published in the POI for each market as of October 18, 2013 and will remain constant  for purposes of calculating the HPA Amount notwithstanding any subsequent revisions by the FHFA.

Contact: Peter J. Nelson
Tel: (858)794-2447

American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. As of June 30, 2013, we owned more than 17,900 single-family properties in selected submarkets in 21 states and we continually evaluate potential target markets that meet our underwriting criteria and are located where we believe we can achieve sufficient scale for internalized property management. We are a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.

Photo - http://photos.prnewswire.com/prnh/20130717/MM48816LOGO

SOURCE American Homes 4 Rent

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
SYS-CON Events announced today TMCnet has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.