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AMERICAN Homes News Release 4 Rent American Homes 4 Rent Reports Third Quarter 2021 Financial and Operating Results CALABASAS , Calif . , Nov. 4 , 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 ptember 30 , 2021 . Highlights Rents and other single - family property revenues increased 10.3 % year - over - year to $ 339.6 million for the third quarter of 2021 . Net income attributable to common shareholders totaled $ 36.9 million , or $ 0.11 per diluted share , for the third quarter of 2021 , compared to $ 22.6 million , or $ 0.07 per diluted share , for the third quarter of 2020 . Core Funds from Operations ( " Core FFO " ) attributable to common share and unit holders increased 17.8 % year - over year to $ 0.35 per FFO share and unit for the third quarter of 2021 and Adjusted Funds from Operations ( " Adjusted FFO " ) attributable common share and unit holders increased 20.7 % year - over - year to $ 0.30 per FFO share and unit for the third quarter of 2021 . Core Net Operating Income ( " Core NOI " ) from Same - Home properties increased by 8.2 % year - over - year for the third quarter of 2021 . Achieved Same - Home Average Occupied Days Percentage of 97.4 % in the third quarter of 2021 , while generating 15.9 % rate growth on new leases . Issued $ 450.0 million of 2.375 % unsecured senior notes due 2031 and $ 300.0 million of 3.375 % unsecured senior notes due 2051 during the third quarter of 2021 . Raised Full Year 2021 Core FFO attributable to common share and unit holders guidance midpoint by $ 0.04 per share and unit to $ 1.36 , representing anticipated full year growth of 17.2 % over prior year . " I am incredibly proud of the American Homes 4 Rent team as we produced another quarter of strong operational execution and increased our full - year 2021 Core FFO per share growth expectations to over 17 % , " stated David Singelyn , American Homes 4 Rent's Chief Executive Officer . " We continue to see a long runway of strong demand for single - family rentals driven by our country's housing shortage and the increasing number of households that desire single - family living but prefer the ease of rental lifestyle . And as we close out 2021 , our differentiated strategy has positioned us with a portfolio mix poised for the future of our country's migration patterns , with a highly efficient operating platform and industry leading build - to - rent development program . We believe that this will enable American Homes 4 Rent to continue producing industry leading cash flow growth and shareholder value creation into 2022 and beyond . " Third Quarter 2021 Financial Results Net income attributable to common shareholders totaled $ 36.9 million , or $ 0.11 per diluted share , for the third quarter of 2021 , compared to $ 22.6 million , or $ 0.07 per diluted share , for the third quarter of 2020. This increase was primarily due to growth in the Company's portfolio , a larger number of occupied properties and higher rental rates and fees , as well as lower financing costs as a result of the redemptions of our Series D and Series E perpetual preferred shares in the second quarter of 2021 . Rents and other single - family property revenues increased 10.3 % to $ 339.6 million for the third quarter of 2021 , compared to $ 307.9 million for the third quarter of 2020. Revenue growth was driven by an increase in our average occupied portfolio which grew to 52,889 homes for the third quarter of 2021 , compared to 50,630 homes for the third quarter of 2020 , as well as higher rental rates and fees . 1