How do you interpret reportable legal entities — fair value of assets acquired?

An increase indicates aggressive portfolio expansion, while a decrease suggests a slowdown in acquisition activity or a more selective investment approach.

How does reportable legal entities — fair value of assets acquired compare across companies?

Standard across REITs as 'Acquisitions' or 'Property Acquisitions'.

American Homes 4 Rent AMH Reportable Legal Entities — Fair Value Of Assets Acquired

Discontinued — last reported Q4 '16

Similar metrics at other companies

REGReportable Legal Entities — Real Estate Investments

$6.97B—

CTREReportable Legal Entities — Total Assets

$1.33B+22.0%

REGReportable Legal Entities — Payments To Acquire Real Estate

$648.96M—

CMTGPhoenix AZ — Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Owned

$41.2M—

CGReportable Legal Entities — Loans Payable Of Real Estate Vie At Fair Value

$79.4M—

CTREReportable Legal Entities — Real Estate Investments Other

$13.87M+63.6%

Other financials

Income statement

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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:FairValueOfAssetsAcquired.

The official record: American Homes 4 Rent’s 10-K, filed February 23, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — fair value of assets acquired mean?: The total market value of all properties purchased by the company during the period.
How do you interpret reportable legal entities — fair value of assets acquired?: An increase indicates aggressive portfolio expansion, while a decrease suggests a slowdown in acquisition activity or a more selective investment approach.
How does reportable legal entities — fair value of assets acquired compare across companies?: Standard across REITs as 'Acquisitions' or 'Property Acquisitions'.