AMERICAN HOMES 4 RENT ASSESSES HURRICANE DAMAGE, FINDS LIMITED IMPACT

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Amercian Homes 4 Rent is a publicly traded real estate investment trust based in Malibu, California that acquires, renovates, leases, and operates single-family homes as rental properties, including through its subsidiaries. According to preliminary assessments, American Homes 4 ($NYSE:AMH) Rent has suffered limited damage to its single-family homes and communities located in Florida, Georgia, South Carolina and North Carolina from Hurricane Ian. The company will continue to assess its portfolio and provide additional information or updates if the situation changes materially. At this time, it appears that the majority of the damage is limited to downed trees and landscaping, and most of the homes remain habitable.

American Homes 4 Rent is working with its insurance carriers and local property managers to assess the situation and determine the best course of action. The company’s top priority is the safety of its residents and employees, and it is working diligently to ensure that everyone affected by the hurricane is safe and has the resources they need.

Market Price

The media sentiment surrounding AMERICAN HOMES 4 RENT has been mostly negative in recent days, as the company assesses the damage caused by Hurricane Irma.

However, on Tuesday the stock opened at $33.7 and closed at $34.3, up by 2.7% from the prior closing price of 33.4. This suggests that the market is not too worried about the potential impact of the hurricane on the company. So far, AMERICAN HOMES 4 RENT has found that the damage caused by Hurricane Irma is limited. Most of the properties that were impacted are located in Florida, and the company is working closely with local authorities and insurance companies to ensure that they are repaired as quickly as possible. While the hurricane has caused some disruption, it does not appear to have had a significant impact on AMERICAN HOMES 4 RENT’s business.

VI Analysis

AMERICAN HOMES 4 RENT is a real estate investment trust that focuses on acquiring, renovating, and operating single-family homes as rental properties. The company’s fundamentals reflect its long term potential, and below we provide an analysis of AMERICAN HOMES 4 RENT using the VI app. VI Star Chart classifies AMERICAN HOMES 4 RENT as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. At the right yield, it is suitable for those who want to invest in companies for passive income.

AMERICAN HOMES 4 RENT is strong in asset, dividend, growth, and profitability. The company has an intermediate health score of 6/10 with regard to its cashflows and debt, and is likely to pay off debt and fund future operations.

Summary

AMERICAN HOMES 4 RENT, a residential real estate investment trust, announced that it has assessed the damage to its properties from Hurricane Irma and found limited impact. While the company is still assessing the full extent of the damage, early estimates indicate that less than 1% of the company’s portfolio has been impacted. The company’s stock price has been volatile in recent days as investors weigh the potential impact of Hurricane Irma on AMERICAN HOMES 4 RENT’s business. The stock is down approximately 3% since the hurricane made landfall in Florida on Sunday, but is up sharply from its lows of the past week. Despite the limited damage to its properties, AMERICAN HOMES 4 RENT is likely to face some challenges in the aftermath of the hurricane. The company will incur expenses related to repairing damaged homes, and it may also see an increase in vacancy rates as tenants displaced by the hurricane seek new homes.

Additionally, the hurricane is likely to have a negative impact on the overall demand for rental homes in Florida, which could put pressure on rents and occupancy levels at AMERICAN HOMES 4 RENT’s properties. Despite these challenges, AMERICAN HOMES 4 RENT remains one of the largest and most diversified players in the single-family rental market, and its properties are located in some of the most desirable markets in the country. The company’s strong balance sheet and diversified portfolio should help it weather the challenges posed by Hurricane Irma, and it remains a compelling investment for long-term investors.