<p>这三只股票刚刚被升级——并可能继续上涨</p>
<p>American Homes 4 Rent NYSE: AMH 表示，2026 年第一季度开始时季节性需求强劲，3 月份的租赁量创下纪录，并在 4 月份持续增长，同时管理层维持全年展望不变。</p>
<p>获取 <strong>American Homes 4 Rent</strong> 的提醒：</p>
<p>在公司 5 月 7 日的财报电话会议上，首席执行官 Bryan Smith 表示，尽管政治和经济不确定性，季度反映出 “强劲的季节性需求和出色的执行”。Smith 表示，租赁需求在季度后半段有所回升，尽管开始稍晚，3 月份的租赁量创下纪录，4 月份的趋势有所改善。</p>
<ul>
<li>房地产熊市来临：三只最有前景的 REITs</li>
</ul>
<p>“最近的入住率和新租赁差距使我们在进入租赁高峰季节的剩余时间里处于良好位置，” Smith 说。</p>
<h2>核心 FFO 上升，同房净运营收入增长</h2>
<p>首席财务官 Chris Lau 表示，AMH 在第一季度实现归属于普通股股东的净收入为 1.28 亿美元，或每股摊薄收益 0.35 美元。核心 FFO 为每股 0.48 美元，同比增长 4.6%，调整后 FFO 为每股 0.45 美元，同比增长 8%。</p>
<p>Smith 表示，同房核心净运营收入在本季度增长了 3.7%，得益于较低的同房核心运营费用。Lau 表示，费用表现反映了时机和公司团队的 “非常出色的执行”，尤其是在本季度有较高的租约到期和搬出情况。</p>
<p>Lau 表示，物业税预期保持不变，全年展望仍在 3% 左右。他补充说，公司在 2 月底完成了保险续保，并看到 2026 年的保险费率下降约 10%，这已纳入指导中。</p>
<h2>4 月和 5 月租赁势头改善</h2>
<p>管理层表示，4 月份的新租赁差距改善至 1.2%，而同房平均入住天数上升至 95.6%，环比改善 30 个基点。首席运营官 Lincoln Palmer 表示，5 月份 “到目前为止感觉非常好”，与年初看到的强劲活动没有变化。</p>
<p>Palmer 将新租赁的改善归因于平衡的收入管理策略，支持了入住率和租金。他表示，4 月和 5 月的租赁活动比去年高出约 15%，公司预计在租赁高峰季节期间，入住率和租金将继续增长。</p>
<p>关于续租，Palmer 表示 AMH 的全年指导考虑到续租增长在 3% 左右。第一季度的续租率为 3.2%，他表示第二季度的续租率应保持在类似水平。公司正在邮寄第三季度的续租，预计在中 3% 范围内。</p>
<p>Palmer 表示，公司通常不提供租金优惠，包括在新开发社区中。他表示，AMH 能够将交付与需求匹配，并且不会以需要优惠的方式建立库存。</p>
<h2>开发活动适度，处置资金支持增长</h2>
<p>AMH 在本季度向其全资和合资组合交付了 539 套住宅。Lau 表示，全资组合占其中 457 套，投资总成本约为 1.87 亿美元。Smith 表示，公司交付了超过 500 套专门开发的住宅，平均初始收益率为 5.3%。</p>
<p>Smith 表示，今年较低的资产负债表开发活动水平将通过公司处置计划的收益进行匹配。AMH 在第一季度出售了超过 700 套住宅，产生了约 2 亿美元的净收益。Lau 表示，这些处置的平均经济收益率在 4% 左右。</p>
<p>当被问及处置房屋的质量时，Smith 表示它们通常较小、较旧，租金略低于更广泛的投资组合。他将其描述为由于位置或需求特征而主要是非核心资产。Lau 表示，平均净收益约为每套 20 万美元。</p>
<p>Smith 还表示，AMH 正在监测通货膨胀压力和商品成本，包括木材。然而，他表示，目前的开发项目 “价格基本锁定”，如果压力持续，任何成本影响可能会在 2026 年晚些时候或 2027 年出现。</p>
<h2>股票回购持续，资产负债表仍然受到关注</h2>
<p>Lau 表示，AMH 在季度末的净债务，包括优先股，与调整后 EBITDA 的比率为 5.3 倍。公司拥有约 6300 万美元的现金和在其 12.5 亿美元循环信贷额度中提取的 3.9 亿美元。</p>
<p>在第一季度，AMH 以每股平均 31.49 美元的价格回购了 370 万股普通股，耗资 1.15 亿美元。在季度结束后，又以每股平均 29.37 美元的价格回购了 320 万股，耗资 9400 万美元。</p>
<p>在过去六个月中，管理层表示 AMH 回购了 3.6 亿美元的普通股，约占总流通股和单位的 3%。Lau 表示，公司在现有授权下仍有超过 4 亿美元的回购额度。</p>
<h2>在监管不确定性中指导不变</h2>
<p>Lau 表示，AMH 保持 2026 年的指导不变，指出这一年仍然较早，春季租赁活动和搬出季节的大部分仍在前面。</p>
<p>管理层还讨论了监管发展，包括华盛顿关于 21 世纪道路法案及相关住房立法的讨论。Smith 表示，AMH 仍然专注于确保单户住宅租赁住房 “得到充分理解和适当代表”。</p>
<p>Smith 表示，众议院正在就一项参议院住房法案进行回应，该法案涉及建造出租住房并包含限制。他表示，时机和结果仍然难以预测，但补充说 AMH 相信其规模、运营平台和内部开发能力使其能够适应。</p>
<p>在被问及供应情况时，帕尔默表示，大多数 AMH 市场的情况总体上正在改善，尽管亚利桑那州和德克萨斯州仍有大量库存，可能需要更长时间才能消化。他表示，公司几乎所有市场的入住率都超过 95%，在这个季节还会有进一步的增量改善。</p>
<p>史密斯在电话会议结束时表示，公司仍然专注于提供优质住房和 “卓越的居民体验”，同时继续应对市场和监管的不确定性。</p>
<h2>关于 American Homes 4 Rent NYSE: AMH</h2>
<p>American Homes 4 Rent NYSE: AMH 是一家公开交易的房地产投资信托基金（REIT），专注于单户出租房屋的收购、开发和管理。自 2013 年 4 月首次公开募股以来，公司一直致力于建立一个大规模、专业管理的房屋组合，以满足当今租户的需求。其商业模式强调收购位置优越的物业，并结合一致的内部物业管理，以推动入住率和长期价值。</p>
<p>根据最新报告，American Homes 4 Rent 在美国拥有和运营数万套房屋，主要集中在关键的阳光带和高增长市场。</p>
<h2>进一步阅读</h2>
<ul>
<li>我们更看好的五只股票超过 American Homes 4 Rent</li>
</ul>
<p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 1000 美元在 American Homes 4 Rent 吗？</h2>
<p>在你考虑投资 American Homes 4 Rent 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而 American Homes 4 Rent 并不在名单上。</p>
<p>虽然 American Homes 4 Rent 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

<p>美国住房租赁公司（American Homes 4 Rent，NYSE: AMH）公布了 2026 年第一季度的强劲业绩，创下了租赁量的新纪录，需求稳健。首席执行官 Bryan Smith 指出，尽管经济不确定性存在，但执行表现出色。净收入为 1.28 亿美元，核心资金运营收益（Core FFO）同比增长 4.6%。租赁活动有所改善，4 月份的新租赁差价为 1.2%。公司出售了超过 700 套房屋，净收益为 2 亿美元，并回购了价值 1.15 亿美元的股票。AMH 专注于管理通货膨胀压力，并采取平衡的收入策略，以支持高峰租赁季节的入住率和租金</p>

<ul>
<li>These 3 Stocks Just Got Upgraded—and Could Keep Climbing</li>
</ul>
<div class="lb-trans"><p>这三只股票刚刚被升级——并可能继续上涨</p>
</div><p>American Homes 4 Rent NYSE: AMH said its first quarter of 2026 began with solid seasonal demand, record March leasing volumes and continued momentum into April, while management left its full-year outlook unchanged.</p>
<div class="lb-trans"><p>American Homes 4 Rent NYSE: AMH 表示，2026 年第一季度开始时季节性需求强劲，3 月份的租赁量创下纪录，并在 4 月份持续增长，同时管理层维持全年展望不变。</p>
</div><p>Get <strong>American Homes 4 Rent</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>American Homes 4 Rent</strong> 的提醒：</p>
</div><p>On the company’s May 7 earnings call, Chief Executive Officer Bryan Smith said the quarter reflected “solid seasonal demand and excellent execution” by field and asset management teams, despite political and economic uncertainty. Smith said leasing demand picked up in the back half of the quarter after a slightly later start, producing record leasing volumes in March and improving trends in April.</p>
<div class="lb-trans"><p>在公司 5 月 7 日的财报电话会议上，首席执行官 Bryan Smith 表示，尽管政治和经济不确定性，季度反映出 “强劲的季节性需求和出色的执行”。Smith 表示，租赁需求在季度后半段有所回升，尽管开始稍晚，3 月份的租赁量创下纪录，4 月份的趋势有所改善。</p>
</div><ul>
<li>The Bear Market is In for Real Estate: 3 Most Promising REITs</li>
</ul>
<div class="lb-trans"><ul>
<li>房地产熊市来临：三只最有前景的 REITs</li>
</ul>
</div><p>“The recent occupancy and new lease spread trajectories put us in a good position as we move through the remainder of peak leasing season,” Smith said.</p>
<div class="lb-trans"><p>“最近的入住率和新租赁差距使我们在进入租赁高峰季节的剩余时间里处于良好位置，” Smith 说。</p>
</div><h2>Core FFO Rises as Same-Home NOI Grows</h2>
<div class="lb-trans"><h2>核心 FFO 上升，同房净运营收入增长</h2>
</div><p>Chief Financial Officer Chris Lau said AMH generated net income attributable to common shareholders of $128 million, or $0.35 per diluted share, in the first quarter. Core FFO was $0.48 per share and unit, up 4.6% year over year, while Adjusted FFO was $0.45 per share and unit, up 8%.</p>
<div class="lb-trans"><p>首席财务官 Chris Lau 表示，AMH 在第一季度实现归属于普通股股东的净收入为 1.28 亿美元，或每股摊薄收益 0.35 美元。核心 FFO 为每股 0.48 美元，同比增长 4.6%，调整后 FFO 为每股 0.45 美元，同比增长 8%。</p>
</div><p>Smith said same-home Core net operating income grew 3.7% in the quarter, aided by lower same-home Core operating expenses. Lau said the expense performance reflected both timing and “really great execution” by the company’s teams, particularly given a higher level of scheduled lease expirations and move-outs during the quarter.</p>
<div class="lb-trans"><p>Smith 表示，同房核心净运营收入在本季度增长了 3.7%，得益于较低的同房核心运营费用。Lau 表示，费用表现反映了时机和公司团队的 “非常出色的执行”，尤其是在本季度有较高的租约到期和搬出情况。</p>
</div><p>Lau said property tax expectations remain unchanged, with the full-year outlook still in the 3% area. He added that the company completed its insurance renewal at the end of February and saw 2026 insurance rates decrease by about 10%, which was already incorporated into guidance.</p>
<div class="lb-trans"><p>Lau 表示，物业税预期保持不变，全年展望仍在 3% 左右。他补充说，公司在 2 月底完成了保险续保，并看到 2026 年的保险费率下降约 10%，这已纳入指导中。</p>
</div><h2>Leasing Momentum Improves in April and May</h2>
<div class="lb-trans"><h2>4 月和 5 月租赁势头改善</h2>
</div><p>Management said April new lease spreads improved to 1.2%, while same-home average occupied days rose to 95.6%, a 30-basis-point sequential improvement. Chief Operating Officer Lincoln Palmer said May was “feeling really good so far,” with no change in the strong activity seen earlier in the year.</p>
<div class="lb-trans"><p>管理层表示，4 月份的新租赁差距改善至 1.2%，而同房平均入住天数上升至 95.6%，环比改善 30 个基点。首席运营官 Lincoln Palmer 表示，5 月份 “到目前为止感觉非常好”，与年初看到的强劲活动没有变化。</p>
</div><p>Palmer attributed the improvement in new leases to a balanced revenue management strategy that supported both occupancy and rate. He said leasing activity in April and May was about 15% higher than last year, and the company expects occupancy and rate to continue building during peak leasing season.</p>
<div class="lb-trans"><p>Palmer 将新租赁的改善归因于平衡的收入管理策略，支持了入住率和租金。他表示，4 月和 5 月的租赁活动比去年高出约 15%，公司预计在租赁高峰季节期间，入住率和租金将继续增长。</p>
</div><p>On renewals, Palmer said AMH’s full-year guidance contemplates renewal growth in the 3% area. First-quarter renewals came in at 3.2%, and he said second-quarter renewal rates should land at a similar level. The company is mailing third-quarter renewals in the mid-3% range.</p>
<div class="lb-trans"><p>关于续租，Palmer 表示 AMH 的全年指导考虑到续租增长在 3% 左右。第一季度的续租率为 3.2%，他表示第二季度的续租率应保持在类似水平。公司正在邮寄第三季度的续租，预计在中 3% 范围内。</p>
</div><p>Palmer said the company does not generally offer rent concessions, including in new development communities. He said AMH is able to match deliveries with demand and does not build inventory in a way that would require concessions.</p>
<div class="lb-trans"><p>Palmer 表示，公司通常不提供租金优惠，包括在新开发社区中。他表示，AMH 能够将交付与需求匹配，并且不会以需要优惠的方式建立库存。</p>
</div><h2>Development Activity Moderates as Dispositions Fund Growth</h2>
<div class="lb-trans"><h2>开发活动适度，处置资金支持增长</h2>
</div><p>AMH delivered 539 homes to its wholly owned and joint venture portfolios during the quarter. Lau said the wholly owned portfolio accounted for 457 of those homes, representing a total investment cost of about $187 million. Smith said the company delivered more than 500 purpose-built development homes at a 5.3% average initial yield.</p>
<div class="lb-trans"><p>AMH 在本季度向其全资和合资组合交付了 539 套住宅。Lau 表示，全资组合占其中 457 套，投资总成本约为 1.87 亿美元。Smith 表示，公司交付了超过 500 套专门开发的住宅，平均初始收益率为 5.3%。</p>
</div><p>Smith said this year’s lower level of on-balance sheet development activity will be match funded with proceeds from the company’s disposition program. AMH sold more than 700 homes in the first quarter, generating roughly $200 million in net proceeds. Lau said those dispositions were completed at an average economic yield “in the 4% area.”</p>
<div class="lb-trans"><p>Smith 表示，今年较低的资产负债表开发活动水平将通过公司处置计划的收益进行匹配。AMH 在第一季度出售了超过 700 套住宅，产生了约 2 亿美元的净收益。Lau 表示，这些处置的平均经济收益率在 4% 左右。</p>
</div><p>Asked about the quality of the disposed homes, Smith said they were generally smaller, older and carried slightly lower rents than the broader portfolio. He described them as largely non-core assets due to location or demand characteristics. Lau said average net proceeds were approximately $200,000 per home.</p>
<div class="lb-trans"><p>当被问及处置房屋的质量时，Smith 表示它们通常较小、较旧，租金略低于更广泛的投资组合。他将其描述为由于位置或需求特征而主要是非核心资产。Lau 表示，平均净收益约为每套 20 万美元。</p>
</div><p>Smith also said AMH is monitoring inflationary pressures and commodity costs, including lumber. However, he said current developments are “pretty well locked in on price,” and any cost impact would likely appear later in 2026 or into 2027 if pressures persist.</p>
<div class="lb-trans"><p>Smith 还表示，AMH 正在监测通货膨胀压力和商品成本，包括木材。然而，他表示，目前的开发项目 “价格基本锁定”，如果压力持续，任何成本影响可能会在 2026 年晚些时候或 2027 年出现。</p>
</div><h2>Share Repurchases Continue, Balance Sheet Remains in Focus</h2>
<div class="lb-trans"><h2>股票回购持续，资产负债表仍然受到关注</h2>
</div><p>Lau said AMH ended the quarter with net debt, including preferred shares, to Adjusted EBITDA of 5.3 times. The company had about $63 million of cash and $390 million drawn on its $1.25 billion revolving credit facility.</p>
<div class="lb-trans"><p>Lau 表示，AMH 在季度末的净债务，包括优先股，与调整后 EBITDA 的比率为 5.3 倍。公司拥有约 6300 万美元的现金和在其 12.5 亿美元循环信贷额度中提取的 3.9 亿美元。</p>
</div><p>During the first quarter, AMH repurchased 3.7 million common shares for $115 million at an average price of $31.49 per share. After quarter-end, it repurchased another 3.2 million shares for $94 million at an average price of $29.37 per share.</p>
<div class="lb-trans"><p>在第一季度，AMH 以每股平均 31.49 美元的价格回购了 370 万股普通股，耗资 1.15 亿美元。在季度结束后，又以每股平均 29.37 美元的价格回购了 320 万股，耗资 9400 万美元。</p>
</div><p>Over the past six months, management said AMH repurchased $360 million of common stock, representing roughly 3% of total shares and units outstanding. Lau said the company still has more than $400 million remaining under its existing authorization.</p>
<div class="lb-trans"><p>在过去六个月中，管理层表示 AMH 回购了 3.6 亿美元的普通股，约占总流通股和单位的 3%。Lau 表示，公司在现有授权下仍有超过 4 亿美元的回购额度。</p>
</div><h2>Guidance Unchanged Amid Regulatory Uncertainty</h2>
<div class="lb-trans"><h2>在监管不确定性中指导不变</h2>
</div><p>Lau said AMH is keeping its 2026 guidance unchanged, noting that the year remains early and that the majority of spring leasing activity and move-out season is still ahead.</p>
<div class="lb-trans"><p>Lau 表示，AMH 保持 2026 年的指导不变，指出这一年仍然较早，春季租赁活动和搬出季节的大部分仍在前面。</p>
</div><p>Management also addressed regulatory developments, including discussions in Washington around the 21st Century ROAD Act and related housing legislation. Smith said AMH remains focused on ensuring that single-family rental housing is “well understood and appropriately represented.”</p>
<div class="lb-trans"><p>管理层还讨论了监管发展，包括华盛顿关于 21 世纪道路法案及相关住房立法的讨论。Smith 表示，AMH 仍然专注于确保单户住宅租赁住房 “得到充分理解和适当代表”。</p>
</div><p>Smith said the House is working on a response to a Senate housing bill that addressed build-to-rent housing and included restrictions. He said the timing and outcome remain difficult to predict, but added that AMH believes its scale, operating platform and in-house development capabilities position it to adapt.</p>
<div class="lb-trans"><p>Smith 表示，众议院正在就一项参议院住房法案进行回应，该法案涉及建造出租住房并包含限制。他表示，时机和结果仍然难以预测，但补充说 AMH 相信其规模、运营平台和内部开发能力使其能够适应。</p>
</div><p>Asked about supply, Palmer said conditions are generally improving across most AMH markets, though Arizona and Texas still have heavy inventory that may take longer to absorb. He said nearly all of the company’s markets are running above 95% occupancy, with further incremental improvements during the season.</p>
<div class="lb-trans"><p>在被问及供应情况时，帕尔默表示，大多数 AMH 市场的情况总体上正在改善，尽管亚利桑那州和德克萨斯州仍有大量库存，可能需要更长时间才能消化。他表示，公司几乎所有市场的入住率都超过 95%，在这个季节还会有进一步的增量改善。</p>
</div><p>Smith closed the call by saying the company remains focused on providing quality housing and an “exceptional resident experience,” while continuing to navigate market and regulatory uncertainty.</p>
<div class="lb-trans"><p>史密斯在电话会议结束时表示，公司仍然专注于提供优质住房和 “卓越的居民体验”，同时继续应对市场和监管的不确定性。</p>
</div><h2>About American Homes 4 Rent NYSE: AMH</h2>
<div class="lb-trans"><h2>关于 American Homes 4 Rent NYSE: AMH</h2>
</div><p>American Homes 4 Rent NYSE: AMH is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today's renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.</p>
<div class="lb-trans"><p>American Homes 4 Rent NYSE: AMH 是一家公开交易的房地产投资信托基金（REIT），专注于单户出租房屋的收购、开发和管理。自 2013 年 4 月首次公开募股以来，公司一直致力于建立一个大规模、专业管理的房屋组合，以满足当今租户的需求。其商业模式强调收购位置优越的物业，并结合一致的内部物业管理，以推动入住率和长期价值。</p>
</div><p>As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.</p>
<div class="lb-trans"><p>根据最新报告，American Homes 4 Rent 在美国拥有和运营数万套房屋，主要集中在关键的阳光带和高增长市场。</p>
</div><h2>Further Reading</h2>
<div class="lb-trans"><h2>进一步阅读</h2>
</div><ul>
<li>Five stocks we like better than American Homes 4 Rent</li>
</ul>
<div class="lb-trans"><ul>
<li>我们更看好的五只股票超过 American Homes 4 Rent</li>
</ul>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in American Homes 4 Rent Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 American Homes 4 Rent 吗？</h2>
</div><p>Before you consider American Homes 4 Rent, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑投资 American Homes 4 Rent 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Homes 4 Rent wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而 American Homes 4 Rent 并不在名单上。</p>
</div><p>While American Homes 4 Rent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 American Homes 4 Rent 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

American Homes 4 Rent 第一季度财报电话会议要点