LAS
VEGAS, May 10, 2023 /PRNewswire/ -- AMH (NYSE:
AMH) (the "Company"), a leading owner, operator and developer of
single-family rental homes, today announced that Moody's Investor
Service ("Moody's") upgraded all the ratings for the Company,
including the senior unsecured rating to Baa2 from Baa3 with a
stable outlook.
According to Moody's published report, the upgraded rating and
stable outlook reflects the Company's strengthened credit metrics
and resilient business model. The report also cites management's
disciplined approach towards the balance sheet as part of the
ratings rationale as well as the favorable structural and secular
trends and the supply/demand imbalance that are benefitting the
single-family rental market.
"We are pleased with the upgrade announcement which is a
testament to our team's hard work and the strategic investments we
have been making into our balance sheet for years, demonstrating
another example of AMH's continued thought leadership in the
sector," stated Chris Lau, AMH's
Chief Financial Officer. "Our balance sheet strength and
flexibility continue to remain top strategic priorities at
AMH."
About AMH
AMH (NYSE: AMH) is a leading owner, operator, and developer of
single-family rental homes. We're an internally managed
Maryland real estate investment
trust (REIT) focused on acquiring, developing, renovating, leasing
and managing homes as rental properties. Our goal is to simplify
the experience of leasing a home and deliver peace of mind to
households across the country.
In recent years, we've been named one of Fortune's 2022 Best
Workplaces in Real Estate™, a 2023 Great Place to Work®, a 2023 Top
U.S. Homebuilder by Builder100, one of America's Most Responsible
Companies 2023 and America's Most Trustworthy Companies 2023 by
Newsweek and Statista Inc., and a Top ESG Regional Performer by
Sustainalytics. As of March 31, 2023,
we owned nearly 59,000 single-family properties in the Southeast,
Midwest, Southwest and Mountain West regions of the United States. Additional information
about AMH is available on our website at www.amh.com.
AMH refers to one or more of American Homes 4 Rent, American
Homes 4 Rent, L.P. and their subsidiaries and joint ventures. In
certain states, we operate under AMH Living or American Homes 4
Rent. Please see www.amh.com/dba to learn more.
AMH Contacts
Investor Relations
Nicholas Fromm
Phone: (855) 794-2447
Email: investors@amh.com
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SOURCE AMH