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AMERICAN Homes News Release 4 Rent American Homes 4 Rent Reports Second Quarter 2021 Financial and Operating Results CALABASAS , Calif . , August 5 , 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 ended June 30 , 2021 . Highlights Rents and other single - family property revenues increased 11.7 % to $ 313.7 million for the second quarter of 2021 . Net income attributable to common shareholders totaled $ 20.1 million , or $ 0.06 per diluted share , for the second quarter of 2021 , compared to $ 15.4 million , or $ 0.05 per diluted share , for the second quarter of 2020 . Core Funds from Operations ( " Core FFO " ) attributable to common share and unit holders increased 22.9 % to $ 0.33 per FFO share and unit for the second quarter of 2021 and Adjusted Funds from Operations ( " Adjusted FFO " ) attributable to common share and unit holders increased 26.4 % to $ 0.29 per FFO share and unit for the second quarter of 2021 . Core Net Operating Income ( “ Core NOI " ) from Same - Home properties increased by 12.2 % year - over - year for the second quarter of 2021 . Achieved new record high Same - Home Average Occupied Days Percentage of 97.9 % in the second quarter of 2021 , while generating 13.7 % rate growth on new leases . Record high seasonal demand continues in the third quarter 2021 , driving a 90 basis point year - over year increase in Same - Home Average Occupied Days Percentage to 97.4 % in July 2021 , while achieving over 16.5 % rate growth on new leases . 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 . Issued 5,500,000 Class A common shares raising net proceeds of $ 194.0 million during the second quarter of 2021 and offered 13,245,000 Class A common shares on a forward basis for future estimated net proceeds of $ 467.3 million . Redeemed all outstanding shares of the 6.500 % Series D and 6.350 % Series E perpetual preferred shares . Subsequent to quarter end , issued $ 450.0 million of 2.375 % unsecured senior notes due 2031 and $ 300.0 million of 3.375 % unsecured senior notes due 2051 . Raised Full Year 2021 Core FFO attributable to common share and unit holders guidance midpoint by $ 0.05 per share and unit to $ 1.32 , representing anticipated full year growth of 13.8 % over prior year . " The second quarter of 2021 was one of the strongest operational performances in the history of American Homes 4 Rent with quarterly Core FFO per share growth of nearly 23 % , " stated David Singelyn , American Homes 4 Rent's Chief Executive Officer . " Additionally , we recently achieved numerous milestone capital accomplishments , including the highly successful debut issuance of 30 - year unsecured bonds , which puts us in a position to further expand our 2021 external growth expectations . Coupled with our record - breaking operating results , we are increasing the midpoint of our full - year Core FFO guidance to $ 1.32 per share , which now represents nearly 14 % anticipated year - over - year growth . " Second Quarter 2021 Financial Results Net income attributable to common shareholders totaled $ 20.1 million , or $ 0.06 per diluted share , for the second quarter of 2021 , compared to $ 15.4 million , or $ 0.05 per diluted share , for the second quarter of 2020. This increase was primarily attributable to growth in the Company's portfolio , higher occupancy and higher rental rates , partially offset by a noncash charge related to the redemptions of our Series D and Series E perpetual preferred shares . 1