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AMERICAN Homes News Release American Homes 4 Rent Reports First Quarter 2021 Financial and Operating Results CALABASAS , Calif . , May 6 , 2021 - American Homes 4 Rent ( NYSE : AMH ) ( the " Company " ) , a leading provider of high quality single - family homes for rent , today announced its financial and operating results for the quarter en March 31 , 2021 . Highlights 4 Rent ● Rents and other single - family property revenues increased 8.8 % to $ 312.6 million for the first quarter of 2021 from $ 287.3 million for the first quarter of 2020 . Net income attributable to common shareholders totaled $ 30.2 million , or $ 0.09 per diluted share , for the first quarter of 2021 , compared to $ 20.2 million , or $ 0.07 per diluted share , for the first quarter of 2020 . Core Funds from Operations ( " Core FFO " ) attributable to common share and unit holders increased 8.5 % to $ 0.32 per FFO share and unit for the first quarter of 2021 from $ 0.29 per FFO share and unit for the first quarter of 2020 and Adjusted Funds from Operations ( " Adjusted FFO " ) attributable to common share and unit holders increased 8.9 % to $ 0.29 per FFO share and unit for the first quarter of 2021 from $ 0.26 per FFO share and unit for the first quarter of 2020 . Core Net Operating Income ( " Core NOI " ) from Same - Home properties increased by 4.0 % year - over - year for the first quarter of 2021 . Continued to experience record demand with a Same - Home portfolio Average Occupied Days Percentage of 97.3 % in the first quarter of 2021 , while achieving 10.0 % rental rate growth on new leases , which accelerated further in April to an Average Occupied Days Percentage in the high 97 % range while achieving over 11 % rental rate growth on new leases . Subsequent to quarter end , closed a $ 1.25 billion sustainability - linked credit facility , which amends the Company's existing credit facility and provides for expanded revolving capacity and lower borrowing cost . Subsequent to quarter end , announced the Company's intent to redeem all outstanding shares of the 6.500 % Series D and 6.350 % Series E perpetual preferred shares . Raised Full Year 2021 Core FFO attributable to common share and unit holders guidance midpoint by $ 0.02 per share and unit to $ 1.27 , representing anticipated full year growth of 9.5 % over prior year . " We are off to a strong start this year with quarterly Core FFO growth of 8.5 % , which reflects our high - growth trajectory and record leasing results that continued strengthening into April , " stated David Singelyn , American Homes 4 Rent's Chief Executive Officer . " In an undersupplied market , we are providing access to high - quality , Class A homes and leveraging the benefits of our one - of - a - kind development program to help meet our country's housing needs . Thanks to our team's hard work and based on our ability to capitalize on the strong operating environment , coupled with our recently announced plan to accretively redeem our series D and E preferred shares , we are increasing the midpoint of our full year Core FFO guidance to $ 1.27 per share , which now represents 9.5 % anticipated year - over - year growth . " First Quarter 2021 Financial Results Net income attributable to common shareholders totaled $ 30.2 million , or $ 0.09 per diluted share , for the first quarter of 2021 , compared to $ 20.2 million , or $ 0.07 per diluted share , for the first quarter of 2020. This increase was primarily attributable to growth in the Company's portfolio , higher occupancy and higher rental rates , as well as an increase in gain on sale and impairment of single - family properties and other , net , partially offset by increased uncollectible rents related to the COVID - 19 pandemic . 1