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
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.