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American Homes 4 Rent Announces Tax Treatment of 2018 Distributions

January 24, 2019

AGOURA HILLS, Calif., Jan. 24, 2019 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high quality single-family homes for rent, today announced the tax treatment of the Company's 2018 distributions.

American Homes 4 Rent is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive single-family homes as rental properties. As of March 31, 2014, we owned 25,505 single-family properties in selected submarkets in 22 states. Additional information about American Homes 4 Rent is available on our website at  www.americanhomes4rent.com . (PRNewsFoto/American Homes 4 Rent) (PRNewsfoto/American Homes 4 Rent)

For the tax year ended December 31, 2018, distributions for its:

  • Class A common shares(1)
  • 5.5% Series C participating preferred shares(2)
  • 6.5% Series D redeemable perpetual preferred shares(2)
  • 6.35% Series E redeemable perpetual preferred shares(2)
  • 5.875% Series F redeemable perpetual preferred shares(2)
  • 5.875% Series G redeemable perpetual preferred shares(2)
  • 6.25% Series H redeemable perpetual preferred shares(2)

were classified as follows:

Classification

Percent

Ordinary Income Dividend(3)(4)

97.385981%

Capital Gain Distribution

2.614019%

Total

100.000000%



(1)

For the Company's distribution related to its Class A common shares paid on January 7, 2019 to shareholders of record on January 2, 2019, all of the distribution was determined to relate to 2019 and will be included in next year's reporting.



(2)

For the Company's distribution related to its Preferred shares paid on December 31, 2018 to shareholders of record on December 14, 2018, all of the distributions were determined to relate to 2018.



(3)

None of the Ordinary Income Dividend represents "Qualified Dividend Income."



(4)

100% of the Ordinary Income Dividend are treated as Internal Revenue Code Section 199A Qualified REIT Dividend Income.

The Company's tax return for the year ended December 31, 2018, has not yet been filed. As a result, the income tax classification for the distributions discussed above has been calculated using the best available information as of the date of this release.

The Company encourages shareholders to consult with their own tax advisors as to the specific tax treatment of these distributions.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2018, we owned 52,464 single-family properties in selected submarkets in 22 states.

Additional information about American Homes 4 Rent is available on our website at www.americanhomes4rent.com.

Contact:
American Homes 4 Rent
Investor Relations
Phone: (855) 794-2447
Email: investors@ah4r.com

 

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SOURCE American Homes 4 Rent

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