Single Family Rentals

AMH reported strong 4Q20 earnings and 2021 outlook as demand in the single family rental market remains strong despite increasing blended lease rates and US housing starts forecast to slow to 3% growth in 2021.

AMH occupancy was 97.2% with cash collections at 96.7% for 4Q20. AMH delivered 195 homes for $58MM and is targeting 2,000 developed homes in 2021. Bad debt expense is forecast to improve in 2H2021 as the economy accelerates.

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