AMHAmerican Homes 4 Rent

$10B

Q4 2018 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$270M+11.3% YoY

Gross Profit

$151M55.9% margin

Operating Income

$143M52.8% margin

Net Income

$31M11.6% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$20M

Stock-Based Comp.

$683,000

Balance Sheet

Total Assets

$9.0B

Total Liabilities

$3.0B

Stockholders' Equity

$5.3B

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$270M	$243M	+11.3%
Gross Profit	$151M	$137M	+10.5%
Operating Income	$143M	$129M	+10.9%
Net Income	$31M	$35M	-10.3%

Revenue Segments

Rent From Single Family Properties

$232M86%

Tenant Charge-backs

$34M13%

Fees From Single-Family Properties

$3M1%

Other Revenue

$1M1%

AMH Q4 2018 Earnings — American Homes 4 Rent Revenue & Financial Results | Market Cap Arena