American Homes 4 Rent (NYSE:AMH) Q2 2024 Earnings Conference Call August 2, 2024 12:00 PM ET
Company Participants
Nick Fromm - Director Investor Relations
David Singelyn - Chief Executive Officer
Bryan Smith - Chief Operating Officer
Chris Lau - Chief Financial Officer
Conference Call Participants
Juan Sanabria - BMO Capital Markets
Eric Wolfe - Citibank
Jamie Feldman - Wells Fargo
Jeff Spector - Bank of America
Linda Tsai - Jefferies
John Pawlowski - Green Street
Daniel Tricarico - Scotiabank
Jesse Lederman - Zelman & Associates
Adam Kramer - Morgan Stanley
Brad Heffern - RBC Capital
John Pawlowski - Green Street
Operator
Greetings, and welcome to the AMH Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host Nick Fromm, Director Investor Relations. Thank you, Nick. You may begin.
Nick Fromm
Good morning. Thank you for joining us for our second quarter 2024 earnings conference call. With me today are David Singelyn, Chief Executive Officer; Bryan Smith, Chief Operating Officer; and Chris Lau, Chief Financial Officer.
Please be advised that this call may include forward-looking statements. All statements other than statements of historical facts included in this conference call are forward-looking statements that are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected in these statements. These risks and other factors that could adversely affect our business and future results are described in our press releases and in our filings with the SEC. All forward-looking statements speak only as of today, August 2, 2024. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. A reconciliation of GAAP to non-GAAP financial measures is included in our earnings press release and supplemental information package. As a note, our operating and financial results including GAAP and non-GAAP measures are fully detailed in our earnings release and supplemental information package. You can find these documents as well as SEC reports and the audio webcast replay of this conference call on our website at www.amh.com.
With that I will turn the call over to our CEO, David Singelyn.
David Singelyn
Welcome everyone, and thank you for joining us today. The power of the AMH platform continues to be on full display. We posted strong second quarter results with core FFO per share growth of 8.5% year-over-year. Our teams executed well and rental fundamentals continue to be strong leading us to increase our core FFO per share outlook by $0.03 to $1.76 at the midpoint. This represents 6% growth for the full year. And was driven by increased same-home core revenue and NOI guidance.