$AMH
American Homes 4 Rent

2013 Q4 Form 10-K Financial Statement

#000119312514116022 Filed on March 26, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $64.90M $139.0M $3.300M
YoY Change 1866.67% 2962.38%
Cost Of Revenue $32.80M $73.80M $2.500M
YoY Change 1212.0% 1950.0%
Gross Profit $32.10M $65.30M $800.0K
YoY Change 3912.5% 6430.0%
Gross Profit Margin 49.46% 46.97% 24.24%
Selling, General & Admin $4.100M $9.900M $3.300M
YoY Change 24.24% 35.62%
% of Gross Profit 12.77% 15.16% 412.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.20M $70.99M $1.500M
YoY Change 2113.33% 3262.72%
% of Gross Profit 103.43% 108.71% 187.5%
Operating Expenses $37.30M $166.2M $5.700M
YoY Change 554.39% 1024.69%
Operating Profit -$5.200M -$100.9M -$4.900M
YoY Change 6.12% 632.32%
Interest Expense $0.00 $370.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$3.400M -$3.900M
YoY Change
Pretax Income -$9.500M -$20.10M -$5.800M
YoY Change 63.79% 97.06%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.471M -$19.07M -$5.831M
YoY Change 62.42% 86.26%
Net Earnings / Revenue -14.59% -13.71% -176.7%
Basic Earnings Per Share
Diluted Earnings Per Share -$71.97K -$261.3K -$166.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $149.0M $397.2M
YoY Change -62.49% -62.49%
Cash & Equivalents $149.0M $149.0M $397.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.900M $6.900M $6.600M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $155.9M $155.9M $403.8M
YoY Change -61.39% -61.39%
LONG-TERM ASSETS
Property, Plant & Equipment $3.861B $3.861B $505.7M
YoY Change 663.58% 663.58%
Goodwill $120.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $86.20M $74.90M $12.00M
YoY Change 618.33% 524.17%
Total Long-Term Assets $4.068B $4.068B $517.7M
YoY Change 685.89% 685.82%
TOTAL ASSETS
Total Short-Term Assets $155.9M $155.9M $403.8M
Total Long-Term Assets $4.068B $4.068B $517.7M
Total Assets $4.224B $4.224B $921.5M
YoY Change 358.42% 358.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $900.0K $900.0K $300.0K
YoY Change 200.0% 200.0%
Accrued Expenses $76.00M $76.00M $9.300M
YoY Change 717.2% 717.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $103.4M $103.4M $16.30M
YoY Change 534.36% 534.36%
LONG-TERM LIABILITIES
Long-Term Debt $375.0M $375.0M $0.00
YoY Change
Other Long-Term Liabilities $95.10M $95.10M $0.00
YoY Change
Total Long-Term Liabilities $470.1M $470.1M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $103.4M $103.4M $16.30M
Total Long-Term Liabilities $470.1M $470.1M $0.00
Total Liabilities $573.5M $1.289B $16.29M
YoY Change 3419.61% 7573.81%
SHAREHOLDERS EQUITY
Retained Earnings -$63.48M -$10.28M
YoY Change 517.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.935B $2.935B $904.7M
YoY Change
Total Liabilities & Shareholders Equity $4.224B $4.224B $921.5M
YoY Change 358.42% 358.39%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$9.471M -$19.07M -$5.831M
YoY Change 62.42% 86.26%
Depreciation, Depletion And Amortization $33.20M $70.99M $1.500M
YoY Change 2113.33% 3262.72%
Cash From Operating Activities $11.90M $16.17M -$2.700M
YoY Change -540.74% -346.94%
INVESTING ACTIVITIES
Capital Expenditures $2.012B
YoY Change 2199.24%
Acquisitions $36.76M
YoY Change
Other Investing Activities -$362.3M -$2.369B -$97.50M
YoY Change 271.59% 2330.15%
Cash From Investing Activities -$362.3M -$2.369B -$97.50M
YoY Change 271.59% 2330.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.548B
YoY Change -412.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 341.4M $2.105B 497.4M
YoY Change -31.36% 319.98%
NET CHANGE
Cash From Operating Activities 11.90M $16.17M -2.700M
Cash From Investing Activities -362.3M -$2.369B -97.50M
Cash From Financing Activities 341.4M $2.105B 497.4M
Net Change In Cash -9.000M -$248.2M 397.2M
YoY Change -102.27% -162.49%
FREE CASH FLOW
Cash From Operating Activities $11.90M $16.17M -$2.700M
Capital Expenditures $2.012B
Free Cash Flow -$1.996B
YoY Change 2021.96%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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2508000
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PreferredUnitsIssued
653492 shares
CY2013Q2 amh Number Of Real Estate Properties Sold
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RealEstateGrossAtCarryingValue
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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MinorityInterest
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Land
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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Assets
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CY2013Q4 amh Outstanding Commitment
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CY2013Q4 amh Debt Instrument Interest Rate Description
DebtInstrumentInterestRateDescription
All borrowings under the credit facility bear interest at 30 day LIBOR plus 2.75% until March 2017, and thereafter at 30 day LIBOR plus 3.125%.
CY2013Q4 amh Convertible Seriese Units
ConvertibleSerieseUnits
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us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Net Cash Provided By Used In Operating Activities
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-21000
us-gaap Earnings Per Share Basic And Diluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Profit Loss
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us-gaap Depreciation And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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27000
us-gaap Defined Benefit Plan Contributions By Employer
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us-gaap Operating Expenses
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amh Reclassification Of Net Investment To Additional Paid In Capital
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amh Single Family Properties Including Related Assets And Liabilities
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amh Vacant Single Family Operating Expenses
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CY2013Q2 us-gaap Gain Loss On Disposition Of Assets1
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CY2013Q1 amh Reclassification Of Net Investment To Additional Paid In Capital
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CY2013Q1 amh Decrease In Advisory Fee
DecreaseInAdvisoryFee
9800000
CY2012Q4 amh Percentage Of Promotional Interest Of All Distributable Cash Available For Distribution
PercentageOfPromotionalInterestOfAllDistributableCashAvailableForDistribution
0.20 pure
CY2011 us-gaap Real Estate Cost Of Real Estate Sold
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CY2011 us-gaap Real Estate Other Acquisitions
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CY2011 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
21000
CY2013 dei Trading Symbol
TradingSymbol
AMH
CY2013 dei Entity Registrant Name
EntityRegistrantName
American Homes 4 Rent
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001562401
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
The fair value of the Class A units issued in connection with the 2013 RJ Transaction has been estimated using the most recent trading price in the Company's Class A common shares, into which the Class A units are convertible into on a one-for-one basis.
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.00
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.050 pure
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><u>Note 1. Organization and operations</u></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> American Homes 4 Rent (the &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;our&#x201D; and &#x201C;us&#x201D;) is a Maryland real estate investment trust (&#x201C;REIT&#x201D;) formed on October&#xA0;19, 2012. We are focused on acquiring, renovating, leasing and operating single-family homes as rental properties. As of December&#xA0;31, 2013, the Company held 23,268 single-family properties in 22 states, including properties held for sale.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In November and December 2012, the Company raised approximately $530,413,000 before offering costs of $40,928,000, including $5,307,000 related to the value of the option issued to American Homes 4 Rent, LLC (the &#x201C;Sponsor&#x201D;), in an offering exempt from registration under the Securities Act of 1933 (the &#x201C;2012 Offering&#x201D;). In March 2013, the Company raised $747,500,000 before offering costs of $44,003,000 in an offering exempt from registration under the Securities Act of 1933 (the &#x201C;2013 Offering&#x201D;). In August&#xA0;2013, the Company raised $811,764,000 before offering costs of $41,981,000 in our initial public offering (the &#x201C;IPO&#x201D;). Concurrently with the IPO, the Company raised an additional $75,000,000 in private placements, which were made concurrently with the IPO offering price and without payment of any underwriting discount, to the Sponsor and the Alaska Permanent Fund Corporation (&#x201C;APFC&#x201D;) (collectively, the &#x201C;2013 Concurrent Private Placements&#x201D;). During the fourth quarter of 2013, the Company raised $226,500,000 before estimated offering costs of $13,904,000 through the sale of 5,060,000 5.0% Series A Participating Preferred Shares (&#x201C;Series A Preferred Shares&#x201D;) and 4,000,000 5.0% Series B Participating Preferred Shares (&#x201C;Series B Preferred Shares&#x201D;) (collectively, the &#x201C;Preferred Shares&#x201D;).</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> From our formation through June&#xA0;10, 2013, we were externally managed and advised by American Homes 4 Rent Advisor, LLC (the &#x201C;Advisor&#x201D;) and the leasing, managing and advertising of our properties was overseen and directed by American Homes 4 Rent Management Holdings, LLC (the &#x201C;Property Manager&#x201D;), both of which were subsidiaries of the Sponsor. On June&#xA0;10, 2013, we acquired the Advisor and the Property Manager from the Sponsor in exchange for 4,375,000 Series D units and 4,375,000 Series E units in our Operating Partnership (the &#x201C;Management Internalization&#x201D;). Under the terms of the contribution agreement, all administrative, financial, property management, marketing and leasing personnel, including executive management, became fully dedicated to us (see Note 10).</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Prior to the Management Internalization, the Sponsor exercised control over the Company through the contractual rights provided to the Advisor through an advisory management agreement. Accordingly, the contribution of certain properties by the Sponsor to the Company prior to the Management Internalization have been deemed to be transactions between entities under common control, and as such, the accounts relating to the properties contributed have been recorded by us as if they had been acquired by us on the dates such properties were acquired by the Sponsor (see Note 9). Accordingly, the accompanying consolidated financial statements include the Sponsor&#x2019;s historical results of operations and carrying values of the properties that had been acquired by the Sponsor. The Sponsor commenced acquiring these properties on June&#xA0;23, 2011, and accordingly, the statements of operations reflect activity prior to the Company&#x2019;s date of formation. Therefore, the accompanying consolidated financial statements are not indicative of the Company&#x2019;s past or future results and do not reflect its financial position, results of operations, changes in equity, and cash flows had they been presented as if the Company had been operated independently during the periods presented.</p> </div>
CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.37
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
123592086 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
16.03
CY2013 us-gaap Sec Schedule Iii Real Estate Number Of Units
SECScheduleIIIRealEstateNumberOfUnits
23268 Property
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16172000
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0.01
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.36
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
550000 shares
CY2013 us-gaap Description Of Lessor Leasing Arrangements Operating Leases
DescriptionOfLessorLeasingArrangementsOperatingLeases
Less than one year
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2013 us-gaap Preferred Stock Redemption Terms
PreferredStockRedemptionTerms
Any time between September 30, 2017 and September 30, 2020 (the "initial redemption period"), the Company has the option to redeem the Preferred Shares for cash or Class A common shares, at a redemption price equal to the initial liquidation preference, adjusted by an amount equal to 50% of the cumulative change in value of an index based on the purchase prices of single-family properties located in our top 20 markets (the "HPA adjustment").
CY2013 us-gaap Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
P1Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
60000 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63873266 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Concentration Risk Geographic
ConcentrationRiskGeographic
The Company did not have any geographic market concentrations representing over 10% of total net book value of single-family properties.
CY2013 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
65188000
CY2013 us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
104000
CY2013 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
10945000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
24589000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-43927000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1008000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-36760000
CY2013 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
500000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1050000000
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
904000
CY2013 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
7600000
CY2013 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
5227000
CY2013 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
1810000
CY2013 us-gaap Payments To Acquire Partners Interest In Real Estate Partnership Net Of Cash Acquired
PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired
5473000
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11314000
CY2013 us-gaap Profit Loss
ProfitLoss
-19066000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
-244000
CY2013 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
16238000
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-24235000
CY2013 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
9710000
CY2013 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
160485000
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-20074000
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
11829000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3339000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2104990000
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1160000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
9274000
CY2013 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1160000
CY2013 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
8124000
CY2013 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
13740000
CY2013 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
132722000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
5387000
CY2013 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
115000000
CY2013 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
382070000
CY2013 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
703856000
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1548280000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2011977000
CY2013 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
139032000
CY2013 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
212596000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39973000
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
10016000
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2013 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
-2508000
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
7998000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
33099000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8845000
CY2013 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2013 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
-22239000
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
9274000
CY2013 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-26430000
CY2013 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
3423903000
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
17216000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
33099000
CY2013 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
517000
CY2013 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
184000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
1079000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2273000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
70987000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-248209000
CY2013 us-gaap Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
13904000
CY2013 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
60254000
CY2013 us-gaap Interest Expense
InterestExpense
370000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1548280000
CY2013 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
500000
CY2013 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4799000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2369371000
CY2013 amh Other Revenue
OtherRevenue
1083000
CY2013 amh Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
186256000
CY2013 amh Proceeds From Distributions From Joint Ventures
ProceedsFromDistributionsFromJointVentures
3431000
CY2013 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
8844000
CY2013 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
966571000
CY2013 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
9646000
CY2013 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementLoss
2057000
CY2013 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
6352000
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1425000000
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70987000
CY2013 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
186000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10733000
CY2013 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
10456000
CY2013 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
13245000
CY2013 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
51411000
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
181000
CY2013 us-gaap Operating Expenses
OperatingExpenses
166184000
CY2013 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
115000000
CY2013 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
-833000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
1166000
CY2013 amh Change In Par Value Of Common Stock Value
ChangeInParValueOfCommonStockValue
6000
CY2013 amh Increased Preferred Dividend Rate
IncreasedPreferredDividendRate
0.10 pure
CY2013 amh Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
3672000
CY2013 amh Percentage Of Likelihood For Tax Benefit Recognized Upon Settlement
PercentageOfLikelihoodForTaxBenefitRecognizedUponSettlement
0.50 pure
CY2013 amh Lease Amortization Period
LeaseAmortizationPeriod
P1Y
CY2013 amh Cash Equivalents Maturity Period
CashEquivalentsMaturityPeriod
Three months or less
CY2013 amh Capital Lease Term
CapitalLeaseTerm
P1Y
CY2013 amh Reclassification Of Net Investment To Additional Paid In Capital
ReclassificationOfNetInvestmentToAdditionalPaidInCapital
384255000
CY2013 amh Reduction To Additional Paid In Capital
ReductionToAdditionalPaidInCapital
356442000
CY2013 amh Adjustment To Additional Paid In Capital Credit Associated To Properties Acquired
AdjustmentToAdditionalPaidInCapitalCreditAssociatedToPropertiesAcquired
19552000
CY2013 amh Contingent Convertible Liabilities Recorded At Fair Value At Acquisition
ContingentConvertibleLiabilitiesRecordedAtFairValueAtAcquisition
64881000
CY2013 amh Deferred Costs And Identifiable Intangible Assets
DeferredCostsAndIdentifiableIntangibleAssets
133195000
CY2013 amh Single Family Properties Including Related Assets And Liabilities
SingleFamilyPropertiesIncludingRelatedAssetsAndLiabilities
32229000
CY2013 amh Loss On Conversion Of Preferred Units To Common Units
LossOnConversionOfPreferredUnitsToCommonUnits
10456000
CY2013 amh Vacant Single Family Operating Expenses
VacantSingleFamilyOperatingExpenses
22341000
CY2013 amh Noncash Or Part Noncash Acquisition Noncontrolling Interests Assumed
NoncashOrPartNoncashAcquisitionNoncontrollingInterestsAssumed
39321000
CY2013 amh Maximum Internal Rate Of Return When Preferred Stock Liquidation Preference Considered
MaximumInternalRateOfReturnWhenPreferredStockLiquidationPreferenceConsidered
0.090 pure
CY2013 amh Preferred Stock Cumulative Change In Value Of Index Based On Purchase Prices
PreferredStockCumulativeChangeInValueOfIndexBasedOnPurchasePrices
0.50 pure
CY2013 amh Re Measurement Of Preferred Shares
ReMeasurementOfPreferredShares
1810000
CY2013 amh Re Measurement Of Seriese
ReMeasurementOfSeriese
2057000
CY2013 amh Preferred Derivative Liability Issuance
PreferredDerivativeLiabilityIssuance
26340000
CY2013 amh Preferred Derivative Liability Remeasurement
PreferredDerivativeLiabilityRemeasurement
1810000
CY2013 amh Convertible Seriese Units Liability Issuance
ConvertibleSerieseUnitsLiabilityIssuance
64881000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.42
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7225512 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.00
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6549000
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.42
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
700000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4719493 shares
CY2012 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
2306000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10236000
CY2012 us-gaap Profit Loss
ProfitLoss
-10236000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
4180000
CY2012 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
492000
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-13130000
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
11018000
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-10236000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
82000
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
CY2012 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
7393000
CY2012 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
4540000
CY2012 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2571000
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
494839000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
87506000
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
4540000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
676000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7199000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
501217000
CY2012 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
949000
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
504329000
CY2012 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
5888000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
70000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2111000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
397198000
CY2012 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
2111000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
494839000
CY2012 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
869000
CY2012 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
490000
CY2012 us-gaap Acquisition Costs
AcquisitionCosts
455000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97470000
CY2012 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
937000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2111000
CY2012 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1744000
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
163000
CY2012 us-gaap Operating Expenses
OperatingExpenses
14776000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
3312000
CY2012 amh Reclassification Of Net Investment To Additional Paid In Capital
ReclassificationOfNetInvestmentToAdditionalPaidInCapital
361483000
CY2012 amh Single Family Properties Including Related Assets And Liabilities
SingleFamilyPropertiesIncludingRelatedAssetsAndLiabilities
408639000
CY2012 amh Vacant Single Family Operating Expenses
VacantSingleFamilyOperatingExpenses
1846000
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7752000
CY2013Q1 us-gaap Profit Loss
ProfitLoss
-6857000
CY2013Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
6495000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-164000
CY2012Q1 us-gaap Profit Loss
ProfitLoss
-164000
CY2012Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
96000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1566000
CY2012Q2 us-gaap Profit Loss
ProfitLoss
-1566000
CY2012Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
184000
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13997000
CY2013Q2 us-gaap Profit Loss
ProfitLoss
1123000
CY2013Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
17020000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.81
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2675000
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-2675000
CY2012Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
983000
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7659000
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-3861000
CY2013Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
47364000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5831000
CY2012Q4 us-gaap Profit Loss
ProfitLoss
-5831000
CY2012Q4 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
3277000
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14519000
CY2013Q4 us-gaap Profit Loss
ProfitLoss
-9471000
CY2013Q4 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
61843000

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