What does reportable legal entities — tenant reimbursements mean?

Revenue received from tenants to reimburse the company for property-related operating expenses.

How do you interpret reportable legal entities — tenant reimbursements?

An increase suggests effective cost-recovery mechanisms or rising recoverable expenses, which helps stabilize net operating margins.

How does reportable legal entities — tenant reimbursements compare across companies?

Standard metric for property management and rental companies to gauge expense recovery efficiency.

American Homes 4 Rent AMH Reportable Legal Entities — Tenant Reimbursements

Discontinued — last reported Q1 '18

Similar metrics at other companies

CTREReportable Legal Entities — Tenant Reimbursements

$1.79M+45.6%

LADRCorporate Non — Tenant Reimbursements

$0—

UDRReimbursements Revenue — Revenue

$11.69M+5.6%

MAASame Store — Tenant Reimbursements

$22.35M+2.4%

WPCRevenue From Reimbursements — Operating property revenues

$0-100%

PEA

PEAKTenant Reimbursements — Operating Leases Income Statement Lease Revenue

——

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:TenantReimbursements.

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 — tenant reimbursements mean?: Revenue received from tenants to reimburse the company for property-related operating expenses.
How do you interpret reportable legal entities — tenant reimbursements?: An increase suggests effective cost-recovery mechanisms or rising recoverable expenses, which helps stabilize net operating margins.
How does reportable legal entities — tenant reimbursements compare across companies?: Standard metric for property management and rental companies to gauge expense recovery efficiency.