American Homes 4 Rent Management

Management criteria checks 2/4

American Homes 4 Rent's CEO is David Singelyn, appointed in Oct 2012, has a tenure of 11.5 years. total yearly compensation is $8.08M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 1.92% of the company’s shares, worth €273.30M. The average tenure of the management team and the board of directors is 10.8 years and 7.7 years respectively.

Key information

David Singelyn

Chief executive officer

US$8.1m

Total compensation

CEO salary percentage	9.9%
CEO tenure	11.5yrs
CEO ownership	1.9%
Management average tenure	10.8yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Singelyn's remuneration changed compared to American Homes 4 Rent's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$8m	US$800k	US$365m
Sep 30 2023	n/a	n/a	US$376m
Jun 30 2023	n/a	n/a	US$353m
Mar 31 2023	n/a	n/a	US$311m
Dec 31 2022	US$6m	US$800k	US$250m
Sep 30 2022	n/a	n/a	US$211m
Jun 30 2022	n/a	n/a	US$197m
Mar 31 2022	n/a	n/a	US$160m
Dec 31 2021	US$5m	US$700k	US$135m
Sep 30 2021	n/a	n/a	US$114m
Jun 30 2021	n/a	n/a	US$100m
Mar 31 2021	n/a	n/a	US$95m
Dec 31 2020	US$3m	US$570k	US$85m
Sep 30 2020	n/a	n/a	US$82m
Jun 30 2020	n/a	n/a	US$83m
Mar 31 2020	n/a	n/a	US$90m
Dec 31 2019	US$1m	US$550k	US$86m
Sep 30 2019	n/a	n/a	US$80m
Jun 30 2019	n/a	n/a	US$71m
Mar 31 2019	n/a	n/a	US$34m
Dec 31 2018	US$473k	US$450k	US$23m
Sep 30 2018	n/a	n/a	-US$16m
Jun 30 2018	n/a	n/a	-US$30m
Mar 31 2018	n/a	n/a	-US$15m
Dec 31 2017	US$268k	US$250k	-US$22m

Compensation vs Market: David's total compensation ($USD8.08M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.

CEO

David Singelyn (62 yo)

11.5yrs

Tenure

US$8,077,735

Compensation

Mr. David P. Singelyn, CPA, has been the Chief Executive Officer and Trustee of American Homes 4 Rent, a General Partner of American Homes 4 Rent, L.P. since October 2012. He serves as Chief Executive Offi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Singelyn	CEO & Trustee	11.5yrs	US$8.08m	1.92% $ 273.3m
Christopher Lau	CFO & Senior EVP	5.8yrs	US$3.73m	0.011% $ 1.6m
Bryan Smith	Chief Operating Officer	4.5yrs	US$3.73m	0.022% $ 3.2m
Sara Vogt-Lowell	Chief Legal Officer & Secretary	11.5yrs	US$2.30m	0.016% $ 2.2m
Brian Reitz	Executive Vice President & Chief Accounting Officer	no data	no data	0.0020% $ 278.6k
Philip Irby	Executive VP & Chief Technology Officer	no data	no data	no data
Nicholas Fromm	Director of Investor Relations	no data	no data	no data
Eduardo Nigro	Senior Vice President of Marketing & Analytics	no data	no data	no data
Lisa Phelps	Senior Vice President of Human Resources	no data	no data	no data
Raymond Huning	Executive Vice President of Corporate Tax	10.8yrs	no data	no data
Matthew Halliday	Executive Vice President of Centralized Operations	no data	no data	no data
Scott Nelles	Executive Vice President Field Operations	no data	no data	no data

10.8yrs

Average Tenure

48yo

Average Age

Experienced Management: A4XA's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Singelyn	CEO & Trustee	11.5yrs	US$8.08m	1.92% $ 273.3m
Matthew Hart	Independent Chairman	11.4yrs	US$261.25k	0.010% $ 1.4m
David Goldberg	Independent Trustee	4.9yrs	US$200.00k	0.013% $ 1.8m
Lynn Swann	Independent Trustee	3.7yrs	US$242.63k	0.0063% $ 897.1k
James Kropp	Independent Trustee	11.4yrs	US$246.38k	0.010% $ 1.5m
Douglas Benham	Independent Trustee	8.1yrs	US$249.75k	0.0058% $ 827.4k
Winifred Webb	Independent Trustee	5.3yrs	US$239.50k	0.0038% $ 536.0k
J. Lynch	Advisory Board Member	no data	no data	no data
Tamara Gustavson	Independent Trustee	7.7yrs	US$227.50k	5.85% $ 831.4m
Matthew Zaist	Independent Trustee	4.2yrs	US$247.25k	0.0040% $ 567.3k
Michelle Kerrick	Independent Trustee	3.6yrs	US$248.75k	0.0027% $ 391.0k
John Corrigan	Trustee	11.5yrs	US$227.50k	0.062% $ 8.9m

7.7yrs

Average Tenure

65.5yo

Average Age

Experienced Board: A4XA's board of directors are considered experienced (7.7 years average tenure).

American Homes 4 Rent Management

Management criteria checks 2/4

Key information

Recent management updates

American Homes 4 Rent, Annual General Meeting, May 10, 2024

AMH Announces Chief Executive Officer Changes

Trustee recently sold €1.7m worth of stock

Insufficient new directors

Chief Legal Officer & Secretary recently sold €278k worth of stock

Chief Financial Officer recently sold €1.0m worth of stock

Recent updates

American Homes 4 Rent to Report Q1, 2024 Results on May 02, 2024

American Homes 4 Rent, Annual General Meeting, May 10, 2024

Upcoming dividend of US$0.26 per share

Fourth quarter dividend of US$0.26 announced

Full year 2023 earnings released: EPS: US$1.01 (vs US$0.72 in FY 2022)

AMH Announces Chief Executive Officer Changes

AMH Declares Dividend for the First Quarter of 2024, Payable on March 28, 2024

New minor risk - Shareholder dilution

Now 21% undervalued

New minor risk - Shareholder dilution

American Homes 4 Rent to Report Q4, 2023 Results on Feb 22, 2024

Now 20% undervalued

New minor risk - Shareholder dilution

Upcoming dividend of US$0.22 per share at 2.5% yield

Now 21% undervalued after recent price drop

Trustee recently sold €1.7m worth of stock

Now 20% undervalued

American Homes 4 Rent has withdrawn its Follow-on Equity Offering in the amount of $1 billion.

American Homes 4 Rent has withdrawn its Follow-on Equity Offering in the amount of $1 billion.

Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.14 in 3Q 2022)

AMH Declares Dividend on its Common Shares for the Fourth Quarter of 2023, Payable on December 29, 2023

American Homes 4 Rent to Report Q3, 2023 Results on Nov 02, 2023

New minor risk - Shareholder dilution

Upcoming dividend of US$0.22 per share at 2.5% yield

Insufficient new directors

American Homes 4 Rent Declares Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.16 in 2Q 2022)

American Homes 4 Rent to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.22 per share at 2.5% yield

Chief Legal Officer & Secretary recently sold €278k worth of stock

AMH Declares Cash Dividend on its Common Shares for the Second Quarter of 2023, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.16 in 1Q 2022)

American Homes 4 Rent Provides Revenue Guidance for the Year 2023

Now 21% undervalued after recent price drop

Chief Financial Officer recently sold €1.0m worth of stock

Upcoming dividend of US$0.22 per share at 2.8% yield

Insider recently sold €119k worth of stock

Full year 2022 earnings released: EPS: US$0.72 (vs US$0.42 in FY 2021)

American Homes 4 Rent Declares Dividend for the First Quarter of 2023, Payable on March 31, 2023

American Homes 4 Rent to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.18 per share

American Homes 4 Rent Declares Dividend for the Fourth Quarter of 2022, payable on December 30, 2022

Third quarter 2022 earnings released: FFO per share: US$0.4 (vs US$0.39 in 3Q 2021)

American Homes 4 Rent to Report Q3, 2022 Results on Nov 03, 2022

Independent Trustee recently bought €15m worth of stock

Independent Trustee recently bought €5.5m worth of stock

Upcoming dividend of US$0.18 per share

Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.063 in 2Q 2021)

American Homes 4 Rent Declares Dividend for the Third Quarter of 2022, Payable on September 30, 2022

American Homes 4 Rent to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.18 per share

Independent Trustee recently bought €27m worth of stock

American Homes 4 Rent Announces Brian Reitz Perform the Duties of the Company’s Principal Accounting Officer

First quarter 2022 earnings released: EPS: US$0.17 (vs US$0.095 in 1Q 2021)

American Homes 4 Rent Provides Revenue Guidance for the Full Year of 2022

American Homes 4 Rent Announces Retirement of Jack Corrigan as Chief Investment Officer, Effective May 31, 2022

American Homes 4 Rent Announces Dividend for the Second Quarter of 2022, Payable on June 30, 2022

American Homes 4 Rent to Report Q1, 2022 Results on May 05, 2022

Land & Buildings Investment Management LLC Issues an Open Letter to American Homes 4 Rent

Upcoming dividend of US$0.18 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

American Homes 4 Rent Provides Earnings Guidance for the Full Year of 2022

American Homes 4 Rent Declares Dividend for the First Quarter of 2022, Payable on March 31, 2022

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

American Homes 4 Rent has completed a Follow-on Equity Offering in the amount of $391.5 million.

Chief Investment Officer & Trustee recently sold €934k worth of stock

Upcoming dividend of US$0.10 per share

Third quarter 2021 earnings released: FFO US$0.39 per share (vs US$0.33 in 3Q 2020)