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American Homes 4 Rent books 7.7% YOY rise in Q3 core FFO per share from SNL Real Estate Daily American Homes 4 Rent books 7.7% YOY rise in Q3 core FFO per shareByline: S&P Global Market Intelligence American Homes 4 Rent reported third-quarter core funds from operations attributable to common share and unit holders of $97.4 million, or 28 cents per share, a rise of 7.7% on a per-share basis from $92.2 million, or 26.0 cents per share, in the 2018 third quarter. For the third quarter, adjusted FFO increased from the year-ago period on a per-share basis to $83.9 million, or 24.0 cents per share, from $79.4 million, or 23.0 cents per share. The S&P Global Market Intelligence consensus FFO-per-share estimate for the quarter was 27 cents. Total revenues amounted to $298.3 million, a 6.5% rise year over year from $280.1 million. In reporting results, the single-family real estate investment trust said it revised its core FFO-per-share guidance for the 2019 full year in the range of $1.10 to $1.12, from the previous range of $1.06 to $1.14. The S&P Global Market Intelligence consensus FFO-per-share estimate for 2019 is $1.11. |
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