American Homes 4 Rent Announces Home Price Appreciation Amounts for its 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares

AGOURA HILLS, Calif., Nov. 23, 2016 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH), a leading provider of high quality single-family rental homes ("the Company"), today posted the revised "Home Price Appreciation Factor" and "Home Price Appreciation Amount" through September 30, 2016, as those terms are defined in the final prospectuses for the Company's 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares (NYSE: AMHPRA, AMHPRB and AMHPRC).  The computations of these amounts are based on the results of the House Price Index of the Federal Housing Finance Agency, or FHFA, known as the Quarterly Purchase-Only Index, or POI, specifically the non-seasonally adjusted "Purchase-Only Index" for the "100 Largest Metropolitan Statistical Areas" as of September 30, 2016, which was released November 23, 2016.

Based on the weighting among our top 20 markets established under the terms of our 5% Series A and 5% Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30, 2013 to September 30, 2016 was 24.77%, resulting in a Home Price Appreciation Factor of 12.39%.  The Home Price Appreciation Amount on our 5% Series A and 5% Series B Participating Preferred Shares through September 30, 2016 was $3.097.

Additionally, based on the weighting among our top 20 markets established under the terms of our 5.5% Series C Participating Preferred Shares, cumulative home price appreciation for the period from December 31, 2013 to September 30, 2016 was 21.51%, resulting in a Home Price Appreciation Factor of 10.75%.  The Home Price Appreciation Amount on our 5.5% Series C Participating Preferred Shares through September 30, 2016 was $2.688.

The computation of these amounts appears at the end of this press release and has also been posted to the "For Investors" page of the Company's website (www.americanhomes4rent.com).  The Company anticipates announcing the next update to these amounts in approximately three months.

About American Homes 4 Rent

American Homes 4 Rent is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2016, we owned 48,153 single-family properties in selected submarkets in 22 states. 

Forward-Looking Statements

This press release contains "forward-looking statements." These forward-looking statements relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "potential," "plan," "goal" or other words that convey the uncertainty of future events or outcomes. Examples of forward-looking statements contained in this press release include the anticipated timing of the next update of the Home Price Appreciation Amount. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control and could cause actual results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statements to conform to actual results or changes in its expectations, unless required by applicable law. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company in general, see the "Risk Factors" disclosed in the Company's most recent Annual Report on Form 10-K in the Company's subsequent filings with the Securities and Exchange Commission.

Contact:
American Homes 4 Rent
Investor Relations
Phone: (855) 794-2447
Email: [email protected]

SOURCE American Homes 4 Rent

Related Links

https://www.americanhomes4rent.com