Welcome!

News Feed Item

American Homes 4 Rent Announces Home Price Appreciation Amounts for its 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares

AGOURA HILLS, Calif., Aug. 26, 2014 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH), a leading provider of high quality single-family rental homes ("AMH," "the Company," "we" or "us"), today posted the revised "Home Price Appreciation Factor" and "Home Price Appreciation Amount" through June 30, 2014, as those terms are defined in the final prospectuses for the Company's 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares (NYSE: AMHPRA, AMHPRB and AMHPRC).  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 June 30, 2014, which was released August 26, 2014.

Based on the weighting among our top 20 markets established under the terms of our 5% Series A and 5% Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30, 2013 to June 30, 2014 was 7.11%, resulting in a Home Price Appreciation Factor of 3.56%.  The Home Price Appreciation Amount on our 5% Series A and 5% Series B Participating Preferred Shares through June 30, 2014 was $0.889.

Additionally, based on the weighting among our top 20 markets established under the terms of our 5.5% Series C Participating Preferred Shares, cumulative home price appreciation for the period from December 31, 2013 to June 30, 2014 was 4.36%, resulting in a Home Price Appreciation Factor of 2.18%.  The Home Price Appreciation Amount on our 5.5% Series C Participating Preferred Shares through June 30, 2014 was $0.545.

The computation of these amounts appears at the end of this press release and has also been posted to the "For Investors" page of the Company's website (www.americanhomes4rent.com).  The Company anticipates announcing the next update to these amounts in approximately three months.

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," "potential," "plan," "goal" or other words that convey the uncertainty of future events or outcomes. Examples of forward-looking statements contained in this press release include the anticipated timing of the next update of the Home Price Appreciation Amount. 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, most of which are difficult to predict and many of which are beyond the Company's control and could cause actual results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. 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 statements to conform to actual results or changes in its expectations, unless required by applicable law. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company in general, see the "Risk Factors" disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 that has been filed with the Securities and Exchange Commission.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is 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. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of June 30, 2014, we owned 27,173 single-family properties in selected submarkets in 22 states. 

Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.

Contact:

American Homes 4 Rent
Investor Relations
Phone: (858) 794-2447
Email: [email protected]

 

Measurement of Aggregate HPA Amount Per
5% Series A and 5% Series B Participating Preferred Share (1)
June 30, 2014




June 30, 2013

June 30, 2014

Metropolitan Statistical Area

Relative

Weighting

Applied in

Determining

HPA

Actual POI

Value (2)

Assigned 

Baseline

Value

Actual POI

Value

POI Value

Relative to

Jun 30, 2013

Baseline

Dallas – Plano – Irving, TX

4.754%

194.12

100

207.64

6.96%

Fort Worth – Arlington, TX

4.754%

180.86

100

192.08

6.20%

Indianapolis, IN

8.880%

164.50

100

171.62

4.33%

Greater Chicago Area, IL

7.679%

182.20

100

189.95

4.25%

Atlanta, GA

7.545%

174.20

100

192.07

10.26%

Nashville, TN

6.390%

230.70

100

248.83

7.86%

Houston, TX

6.312%

241.20

100

263.25

9.14%

Cincinnati, OH

6.119%

166.30

100

174.55

4.96%

Salt Lake City, UT

5.495%

323.90

100

342.04

5.60%

Tampa, FL

5.361%

209.60

100

221.65

5.75%

Charlotte, NC

5.354%

186.80

100

198.15

6.08%

Phoenix, AZ

5.270%

232.50

100

256.62

10.37%

Jacksonville, FL

4.776%

211.70

100

220.58

4.19%

Las Vegas, NV

4.371%

133.30

100

158.27

18.73%

Raleigh, NC

4.040%

197.10

100

206.90

4.97%

Columbus, OH

3.167%

178.90

100

190.74

6.62%

Orlando, FL

3.036%

180.00

100

192.72

7.07%

Tucson, AZ

1.867%

206.70

100

220.27

6.57%

Greensboro, NC

1.789%

161.00

100

169.92

5.54%

Austin, TX

1.550%

316.10

100

348.02

10.10%

San Antonio, TX

1.490%

226.50

100

242.85

7.22%







Cumulative HPA



0.00%


7.11%







HPA Factor (50%  Cumulative HPA)



0.00%


3.56%







HPA Amount





$        0.889

(1) The Actual POI Value and HPA Amount for each quarter since the issuance of the 5% Series A and 5% 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. 

 


 

Measurement of Aggregate HPA Amount Per
5.5% Series C Participating Preferred Share
June 30, 2014




December 31, 2013

June 30, 2014

Metropolitan Statistical Area

Relative

Weighting

Applied in

Determining

HPA

Actual POI

Value (1)

Assigned 

Baseline

Value

Actual POI

Value

POI Value

Relative to

Dec 31, 2013

Baseline

Dallas – Plano – Irving, TX

4.754%

198.79

100

207.64

4.45%

Fort Worth – Arlington, TX

4.754%

186.40

100

192.08

3.05%

Indianapolis, IN

8.880%

165.40

100

171.62

3.76%

Greater Chicago Area, IL

7.679%

185.58

100

189.95

2.35%

Atlanta, GA

7.545%

179.66

100

192.07

6.91%

Nashville, TN

6.390%

237.75

100

248.83

4.66%

Houston, TX

6.312%

251.00

100

263.25

4.88%

Cincinnati, OH

6.119%

166.16

100

174.55

5.05%

Salt Lake City, UT

5.495%

323.59

100

342.04

5.70%

Tampa, FL

5.361%

218.28

100

221.65

1.54%

Charlotte, NC

5.354%

193.47

100

198.15

2.42%

Phoenix, AZ

5.270%

247.72

100

256.62

3.59%

Jacksonville, FL

4.776%

216.03

100

220.58

2.11%

Las Vegas, NV

4.371%

149.08

100

158.27

6.16%

Raleigh, NC

4.040%

198.65

100

206.90

4.15%

Columbus, OH

3.167%

180.44

100

190.74

5.71%

Orlando, FL

3.036%

181.11

100

192.72

6.41%

Tucson, AZ

1.867%

216.99

100

220.27

1.51%

Greensboro, NC

1.789%

157.21

100

169.92

8.08%

Austin, TX

1.550%

317.68

100

348.02

9.55%

San Antonio, TX

1.490%

227.56

100

242.85

6.72%







Cumulative HPA



0.00%


4.36%







HPA Factor (50%  Cumulative HPA)



0.00%


2.18%







HPA Amount





$        0.545

(1) Actual POI Value as of December 31, 2013 represents the value as published in the POI for each market as of April 1, 2014 and will remain constant for purposes of calculating the HPA Amount, notwithstanding any subsequent revisions by the FHFA.

American Homes 4 Rent is 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. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive single-family homes as rental properties. As of March 31, 2014, we owned 25,505 single-family properties in selected submarkets in 22 states. Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.

Logo - 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
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...