What does houston, TX — gross book value of encumbered assets mean?

The total value of real estate assets in the Houston market that are used as collateral for loans.

How do you interpret houston, TX — gross book value of encumbered assets?

An increase suggests higher use of secured debt financing for regional assets, while a decrease indicates a reduction in secured leverage or a shift toward unencumbered asset ownership.

How does houston, TX — gross book value of encumbered assets compare across companies?

Peers in the single-family rental industry typically report encumbered asset values to disclose the extent of secured debt exposure relative to their total regional portfolio value.

American Homes 4 Rent AMH Houston, TX — Gross Book Value of Encumbered Assets

Other geography segments

Charlotte, NC

$146.11M-54.2%

Indianapolis, IN

$114.25M-62.7%

Cincinnati, OH

$113.95M-53.1%

Dallas-Fort Worth, TX

$107.34M-63.2%

Salt Lake City, UT

$104.61M-35.9%

Columbus, OH

$103.75M-29.8%

Raleigh, NC

$102.9M-55.0%

Charleston, SC

$85.45M+0.9%

Atlanta, GA

$84.51M-59.1%

Greater Chicago area, IL and IN

$78.87M-53.4%

Greenville, SC

$76.32M+1.1%

Jacksonville, FL

$63.63M+0.4%

Greensboro, NC

$55.35M+1.4%

San Antonio, TX

$49.29M-20.5%

Orlando, FL

$47.94M0.0%

Winston Salem, NC

$45.36M+1.3%

Nashville, TN

$33.83M-85.8%

Savannah/Hilton Head, SC

$25.6M-40.4%

Austin, TX

$25.55M-30.4%

Knoxville, TN

$18.05M+0.3%

Tampa, FL

$16.64M-64.9%

Memphis, TN

$11.76M-33.1%

Boise, ID

$8.2M+0.7%

Miami, FL

$3.56M+1.9%

Albuquerque, NM

$0—

Colorado Springs, CO

$0—

Denver, CO

$0—

Inland Empire, CA

$0—

Kansas City, MO

$0—

Las Vegas, NV

$0-100%

Milwaukee, WI

$0—

Oklahoma City, OK

$0—

Phoenix, AZ

$0-100%

Portland, OR

$0-100%

Seattle, WA

$0-100%

Tucson, AZ

$0-100%

Similar metrics at other companies

INVHHouston — Number of Encumbered Properties

70-1.8%

PSAHouston — Encumbrances

$0—

LADRHouston, TX — Encumbrances

$0—

TRTXHouston — Mortgage Loans On Real Estate

$149.93M—

TRTXHouston, TX — Carrying value

$46M—

NYM

NYMTHouston, TX — Encumbrances

——

Other financials

Income statement

See full

Revenue$472.0M+2.8%

Net income$148.8M+15.6%

EPS (diluted)$0.35+16.7%

Balance sheet

See full

Cash & equivalents$208.2M-4.9%

Total debt$5.1B+4.0%

Total equity$6.9B-3.2%

Total assets$13.2B-0.9%

Cash flow

See full

Operating cash flow$203.1M-9.1%

CapEx$9.4M+26.2%

Free cash flow$193.7M-10.3%

Valuation

See full

Market cap$11.41B-27.4%

Enterprise value$16.35B-19.4%

P/E21.4×-12.2×

P/S6.1×-2.8×

Profitability

See full

Net margin28.6%+2.1pp

FCF margin43%-2.5pp

Returns & leverage

See full

Return on equity7.6%+1.0pp

Debt / equity0.7×+0.1×

Where this comes from

Reported directly by American Homes 4 Rent in its filing.

Tagged under the XBRL concept srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances.

The official record: American Homes 4 Rent’s 10-K, filed February 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Homes 4 Rent's houston, TX — gross book value of encumbered assets?: American Homes 4 Rent (AMH) reported houston, TX — gross book value of encumbered assets of $84.21M in Q4 2024.
What does houston, TX — gross book value of encumbered assets mean?: The total value of real estate assets in the Houston market that are used as collateral for loans.
How do you interpret houston, TX — gross book value of encumbered assets?: An increase suggests higher use of secured debt financing for regional assets, while a decrease indicates a reduction in secured leverage or a shift toward unencumbered asset ownership.
How does houston, TX — gross book value of encumbered assets compare across companies?: Peers in the single-family rental industry typically report encumbered asset values to disclose the extent of secured debt exposure relative to their total regional portfolio value.