How do you interpret reportable legal entities — payments for capital improvements?

High spending indicates proactive asset management, while low spending may suggest deferred maintenance or aging portfolio quality.

How does reportable legal entities — payments for capital improvements compare across companies?

Comparable to CapEx or 'recurring capital expenditures' reported by all residential and commercial REITs.

American Homes 4 Rent AMH Reportable Legal Entities — Payments For Capital Improvements

Discontinued — last reported Q1 '18

Similar metrics at other companies

EQRPayments For Capital Expenditures To Real Estate

$62M+0.1%

ELSHome Sales And Rentals — Payments For Capital Improvements

$45.04M+57.2%

LADRReal Estate — Payments for Capital Improvements

$700K-22.2%

ELSOperating Segments — Payments For Capital Improvements

$46.04M+77.1%

PLDPayment For Property Improvements

$109.4M-10.7%

KREFPayments For Capital Expenditures, Real Estate Owned

$2.94M+129%

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:PaymentsForCapitalImprovements.

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

Questions, answered.

What does reportable legal entities — payments for capital improvements mean?: Cash spent on major property upgrades and renovations to improve or maintain asset value.
How do you interpret reportable legal entities — payments for capital improvements?: High spending indicates proactive asset management, while low spending may suggest deferred maintenance or aging portfolio quality.
How does reportable legal entities — payments for capital improvements compare across companies?: Comparable to CapEx or 'recurring capital expenditures' reported by all residential and commercial REITs.