v3.24.2.u1
Condensed Consolidated Statements of Operations (L.P.) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Rents and other single-family property revenues $ 423,494 $ 395,548 $ 847,049 $ 793,251
Expenses:        
General and administrative expense 21,693 19,937 43,578 37,792
Interest expense 38,678 34,844 77,255 70,726
Acquisition and other transaction costs 2,937 4,175 6,261 9,251
Depreciation and amortization 117,603 113,199 233,329 225,916
Total expenses 362,763 345,374 729,604 694,772
Gain on sale and impairment of single-family properties and other, net 43,892 62,758 112,793 147,417
Loss on early extinguishment of debt (63) 0 (1,017) 0
Other income and expense, net 3,974 2,482 7,408 7,217
Net income 108,534 115,414 236,629 253,113
Preferred distributions 3,486 3,486 6,972 6,972
Net income attributable to common shareholders/unitholders 92,142 98,029 201,431 215,494
Property operating expenses        
Expenses:        
Cost of goods and services sold 149,470 142,553 305,397 289,621
Property management expenses        
Expenses:        
Cost of goods and services sold 32,382 30,666 63,784 61,466
American Homes 4 Rent, L.P.        
Rents and other single-family property revenues 423,494 395,548 847,049 793,251
Expenses:        
General and administrative expense 21,693 19,937 43,578 37,792
Interest expense 38,678 34,844 77,255 70,726
Acquisition and other transaction costs 2,937 4,175 6,261 9,251
Depreciation and amortization 117,603 113,199 233,329 225,916
Total expenses 362,763 345,374 729,604 694,772
Gain on sale and impairment of single-family properties and other, net 43,892 62,758 112,793 147,417
Loss on early extinguishment of debt (63) 0 (1,017) 0
Other income and expense, net 3,974 2,482 7,408 7,217
Net income 108,534 115,414 236,629 253,113
Preferred distributions 3,486 3,486 6,972 6,972
Net income attributable to common shareholders/unitholders $ 105,048 $ 111,928 $ 229,657 $ 246,141
Weighted-average common units outstanding:        
Basic (in shares) 418,155,313 413,525,891 418,022,776 412,644,015
Diluted (in shares) 418,689,935 413,856,922 418,519,606 412,970,154
Net income attributable to common unitholders per unit:        
Basic (in dollars per share) $ 0.25 $ 0.27 $ 0.55 $ 0.59
Diluted (in dollars per share) $ 0.25 $ 0.27 $ 0.55 $ 0.59
American Homes 4 Rent, L.P. | Property operating expenses        
Expenses:        
Cost of goods and services sold $ 149,470 $ 142,553 $ 305,397 $ 289,621
American Homes 4 Rent, L.P. | Property management expenses        
Expenses:        
Cost of goods and services sold $ 32,382 $ 30,666 $ 63,784 $ 61,466