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American Homes 4 Rent AMH Property management expenses — Management fee income

Discontinued — last reported Q2 '23

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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

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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

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Operating cash flow$203.1M-9.1%
CapEx$9.4M+26.2%
Free cash flow$193.7M-10.3%

Valuation

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Market cap$11.41B-27.4%
Enterprise value$16.35B-19.4%
P/E21.4×-12.2×
P/S6.1×-2.8×

Profitability

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Net margin28.6%+2.1pp
FCF margin43%-2.5pp

Returns & leverage

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: American Homes 4 Rent’s 10-Q, filed August 1, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Homes 4 Rent's property management expenses — management fee income?
American Homes 4 Rent (AMH) reported property management expenses — management fee income of $2.9M in Q2 2023.
How has American Homes 4 Rent's property management expenses — management fee income changed year-over-year?
American Homes 4 Rent's property management expenses — management fee income decreased by 19.4% year-over-year, from $3.6M to $2.9M.
What does property management expenses — management fee income mean?
Revenue earned from providing property management services to the company's own portfolio or third-party clients.
How do you interpret property management expenses — management fee income?
An increase signals successful scaling of the management platform or an expansion of the fee-based service business.
How does property management expenses — management fee income compare across companies?
Comparable to 'management fee revenue' or 'third-party service income' reported by integrated real estate management firms.