American Homes 4 Rent Forecasts Strong Growth as Renters Flee Cities
American Homes 4 Rent (NYSE: AMH) is in the right asset class at the right time. Single-family homes are in high demand, supply is tight, and home prices are rising over 10% a year, at least according to the latest numbers from CoreLogic. While COVID-19 has created some headwinds for single-family landlords in terms of struggling tenants, it has also increased demand for the company's rentals. American Homes 4 Rent recently reported full-year earnings and gave some color on how its business is looking.
American Homes 4 Rent is a real estate investment trust (REIT) that buys and builds single-family homes for rental properties. As of Dec. 31, 2020, the company owned 53,584 single-family homes in 22 states. American Homes 4 Rent's biggest markets are Atlanta, Dallas, Charlotte, and Phoenix. The company also builds properties for rent, and was one of the pioneers in this business.
Image source: Getty Images.
Source Fool.com
