XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 280,052 $ 246,836 $ 802,539 $ 717,598
Expenses:        
General and administrative expense 9,265 8,525 28,173 26,746
Interest expense 30,930 26,592 92,209 86,873
Acquisition fees and costs expensed 1,055 1,306 3,687 3,814
Depreciation and amortization 79,940 74,790 237,562 221,459
Hurricane-related charges, net 0 10,136 0 10,136
Other 1,069 1,285 3,520 4,202
Total expenses 254,724 238,025 735,049 672,800
Gain on sale of single-family properties and other, net 4,953 1,895 10,449 6,375
Loss on early extinguishment of debt 0 0 (1,447) (6,555)
Remeasurement of participating preferred units 0 8,391 1,212 1,341
Net income 30,281 19,097 77,704 45,959
Noncontrolling interest 2,881 309 845 (22)
Dividends on preferred shares/Preferred distributions 12,223 17,253 38,804 46,122
Redemption of participating preferred shares/units 0 0 32,215 0
Net income (loss) attributable to common shareholders/unitholders $ 15,177 $ 1,535 $ 5,840 $ (141)
Weighted-average shares/common units outstanding:        
Basic (in shares) 296,214,509 266,767,313 292,656,914 256,768,343
Diluted (in shares) 296,967,649 289,153,060 293,319,245 256,768,343
Net income (loss) attributable to common shareholders/unitholders per share/unit        
Basic (in dollars per share) $ 0.05 $ 0.01 $ 0.02 $ 0.00
Diluted (in dollars per share) 0.05 0.00 0.02 0.00
Dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
American Homes 4 Rent, L.P.        
Revenues:        
Total revenues $ 280,052 $ 246,836 $ 802,539 $ 717,598
Expenses:        
General and administrative expense 9,265 8,525 28,173 26,746
Interest expense 30,930 26,592 92,209 86,873
Acquisition fees and costs expensed 1,055 1,306 3,687 3,814
Depreciation and amortization 79,940 74,790 237,562 221,459
Hurricane-related charges, net 0 10,136 0 10,136
Other 1,069 1,285 3,520 4,202
Total expenses 254,724 238,025 735,049 672,800
Gain on sale of single-family properties and other, net 4,953 1,895 10,449 6,375
Loss on early extinguishment of debt 0 0 (1,447) (6,555)
Remeasurement of participating preferred units 0 8,391 1,212 1,341
Net income 30,281 19,097 77,704 45,959
Noncontrolling interest 0 (31) (259) 8
Dividends on preferred shares/Preferred distributions 12,223 17,253 38,804 46,122
Redemption of participating preferred shares/units 0 0 32,215 0
Net income (loss) attributable to common shareholders/unitholders $ 18,058 $ 1,875 $ 6,944 $ (171)
Weighted-average shares/common units outstanding:        
Basic (in shares) 351,564,662 322,303,138 348,007,067 312,315,728
Diluted (in shares) 352,317,802 344,688,885 348,669,398 312,315,728
Net income (loss) attributable to common shareholders/unitholders per share/unit        
Basic (in dollars per share) $ 0.05 $ 0.01 $ 0.02 $ 0.00
Diluted (in dollars per share) $ 0.05 $ 0.00 $ 0.02 $ 0.00
Rents from single-family properties        
Revenues:        
Total revenues $ 231,324 $ 207,490 $ 676,558 $ 613,245
Rents from single-family properties | American Homes 4 Rent, L.P.        
Revenues:        
Total revenues 231,324 207,490 676,558 613,245
Fees from single-family properties        
Revenues:        
Total revenues 2,711 2,843 8,298 8,137
Fees from single-family properties | American Homes 4 Rent, L.P.        
Revenues:        
Total revenues 2,711 2,843 8,298 8,137
Tenant charge-backs        
Revenues:        
Total revenues 44,152 36,094 112,876 91,849
Tenant charge-backs | American Homes 4 Rent, L.P.        
Revenues:        
Total revenues 44,152 36,094 112,876 91,849
Other        
Revenues:        
Total revenues 1,865 409 4,807 4,367
Other | American Homes 4 Rent, L.P.        
Revenues:        
Total revenues 1,865 409 4,807 4,367
Property operating expenses        
Expenses:        
Cost of goods and services sold 113,600 97,944 313,430 267,203
Property operating expenses | American Homes 4 Rent, L.P.        
Expenses:        
Cost of goods and services sold 113,600 97,944 313,430 267,203
Property management expenses        
Expenses:        
Cost of goods and services sold 18,865 17,447 56,468 52,367
Property management expenses | American Homes 4 Rent, L.P.        
Expenses:        
Cost of goods and services sold $ 18,865 $ 17,447 $ 56,468 $ 52,367