American Homes 4 RentAMH

時価総額

$120億

PER

一戸建て賃貸の最大手。内製の開発プログラムと自社管理プラットフォームを展開。2024年に1,724戸を4.959億ドルで取得、2023年1月にブランド刷新。米国で60,531戸のポートフォリオ（2024年12月31日）を展開。

	2013年 12月31日	2014年 12月31日	2015年 12月31日	2016年 12月31日	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income	-19	-33	-48	10	76	112	156	155	211	310	432	468
Depreciation and amortization	71	166	243	299	297	319	329	343	373	427	457	477
Amortization of Debt Issuance Costs	0	2	8	10	8	8	7	7	9	12	12	11
Noncash share-based compensation	1	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt	-	-	-	-13	-7	-1	-1	-	-	-	-	-6
Equity in net loss (income) of unconsolidated entities	-	0	-1	1	2	1	1	-1	2	3	1	-0
Proceeds from Equity Method Investment, Distribution	-	-	-	8	9	37	23	129	58	6	3	2
Gain on sale and impairment of single-family properties and other, net	-	-	-	15	7	18	44	44	50	136	210	226
Rent and other receivables	-3	10	11	10	11	12	3	16	5	8	-1	2
Prepaid expenses and other assets	16	-4	8	6	11	17	10	-3	-0	7	22	-11
Deferred leasing costs	10	6	10	8	7	13	4	4	3	3	3	4
Accounts payable and accrued expenses	40	19	6	-13	10	12	17	14	45	44	44	34
Amounts due from related parties	-	-	-	-	-	-	-	0	0	2	0	-2
Net cash provided by operating activities	16	161	201	279	386	411	458	474	595	666	739	812
Cash paid for single-family properties	-	1,350	609	253	785	490	120	269	850	595	13	496
Change in escrow deposits for purchase of single-family properties	-	-	-	-	-	-2	7	0	33	-20	-5	-5
Proceeds from Sale, Real Estate, Held-for-Investment	-	-	-	-	-	-	222	229	132	293	469	573
Proceeds received from storm-related insurance claims	-	-	-	-	-	5	2	4	5	2	4	-
Proceeds from Collection of Notes Receivable	-	-	-	-	-	-	-	-	1	34	1	1
Investment in unconsolidated joint ventures	0	-	-	-	-	-	-	-	-	-	-	-
Distributions from joint ventures	-	-	-	-	-	-	-	-	-	68	48	116
Renovations to single-family properties	382	185	148	40	48	52	22	17	48	98	40	34
Recurring and other capital expenditures for single-family properties	-	14	27	28	38	54	71	105	123	139	134	122
Cash paid for development activity	-	-	-	-	-	216	383	564	824	921	980	846
Cash paid for deposits on land option contracts	-	-	-	-	-	-	-	-	-	15	1	1
Proceeds from asset-backed securitization certificates	-	-	-	-	-	-	-	-	-	-	-	26
Other investing activities	-	-	-	-	-	-	-	-	-	50	39	29
Net cash used for investing activities	-2,369	-1,901	-885	-522	-837	-674	-377	-643	-1,733	-1,426	-693	-826
Class A common shares	-	-	-	104	695	-	-	2	729	561	399	143
Proceeds from Issuance of Common Stock	1,548	308	-	103	695	-	-	414	-	-	-	-
Class A common shares	-	-	-	1	11	-	-	1	1	0	0	1
Redemption of perpetual preferred shares	-	-	-	-	-	-	-	-	499	155	-	-
Proceeds from issuances under share-based compensation plans	-	-	-	-	-	-	-	-	-	5	7	6
Payments related to tax withholding for share-based compensation	-	-	-	-	-	-	1	2	3	5	4	9
Payments on asset-backed securitizations	-	3	20	381	478	21	22	23	24	23	24	952
Proceeds from Lines of Credit	1,425	1,828	827	951	-	-	-	130	-	-	-	-
Payments on revolving credit facility	1,050	1,996	1,034	951	-	-	-	-	-	-	-	-
Proceeds from Issuance of Unsecured Debt	-	-	-	-	-	497	398	-	737	877	-	1,594
Settlement of cash flow hedging instruments	-	-	-	-	-	-	-	-	4	-	-	-9
Proceeds from liabilities related to consolidated land not owned	-	-	-	-	-	-	-	-	-	60	-	-
Payments related to liabilities to repurchase consolidated land not owned	-	-	-	-	-	-	-	-	-	-	-	82
Distributions to noncontrolling interests	12	24	24	11	8	11	11	10	23	37	45	53
Distributions to common shareholders	-	40	42	48	39	58	60	61	146	253	319	384
Distributions to preferred shareholders	1	19	22	40	46	67	55	55	38	17	14	14
Deferred financing costs paid	-	-	-	-	-	-	4	-	18	8	-	25
Net cash provided by (used for) financing activities	2,105	1,700	632	325	384	256	-92	270	1,065	786	-42	143
Net increase in cash, cash equivalents and restricted cash	-	-	-	-	-67	-8	-11	101	-73	26	4	128
Cash payments for interest, net of amounts capitalized	-	-	-	116	101	105	113	110	96	116	128	128
Capital Expenditures Incurred but Not yet Paid	-	-	-	-	-	-	18	37	45	71	72	70
Transfer Of Completed Homebuilding Deliveries To Properties	-	-	-	-	5	94	168	322	396	502	684	837
Property and land contributions to unconsolidated joint ventures	-	-	-	-	-	41	20	132	57	36	46	157
Distributions of Property	-	-	-	-	-	-	-	-	-	8	-	-
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	-	-	-	-	-	-	-	17	1	5	1	2
Accrued distributions to affiliates	-	-	-	-	5	0	5	5	-	0	1	2
Accrued distributions to non-affiliates	-	-	-	-	-	-	13	14	-	0	0	0