American Homes 4 Rent Just Beat Earnings Expectations: Here’s What Analysts Think Will Happen Next

As you might know, American Homes 4 Rent (NYSE:AMH) just kicked off its latest quarterly results with some very strong numbers. The company beat both earnings and revenue forecasts, with revenue of US$311m, some 3.9% above estimates, and statutory earnings per share (EPS) coming in at US$0.07, 97% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. earnings-and-revenue-growthNYSE:AMH Earnings and Revenue Growth November 7th 2020

Taking into account the latest results, the current consensus from American Homes 4 Rent’s 14 analysts is for revenues of US$1.24b in 2021, which would reflect a satisfactory 7.6% increase on its sales over the past 12

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A look at what didn’t happen this week

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts:



FILE - In this Oct. 26, 2020, file photo, an election worker sorts vote-by-mail ballots at the Miami-Dade County Board of Elections, in Doral, Fla. On Friday, Oct. 30, 2020, The Associated Press reported on stories circulating online incorrectly asserting that 23% of mail-in ballots have been rejected for missing signatures in Florida’s Miami-Dade County. The correct number is about 0.5%. (AP Photo/Lynne Sladky, File)


© Provided by Associated Press
FILE – In this Oct. 26, 2020, file photo, an election worker sorts vote-by-mail ballots at the Miami-Dade County Board of Elections, in Doral, Fla. On Friday, Oct. 30, 2020, The Associated Press reported on stories circulating online incorrectly asserting that 23% of mail-in ballots have been rejected for missing signatures in Florida’s Miami-Dade County. The correct number is about 0.5%. (AP Photo/Lynne Sladky, File)

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Biden tax plan would not raise taxes on majority of Americans

CLAIM: By reversing President Donald Trump’s tax cuts, Democratic presidential nominee Joe Biden would raise taxes on 82% of Americans.

THE FACTS: A popular but false

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NOT REAL NEWS: A look at what didn’t happen this week

THE FACTS: A popular but false post on Facebook claims, “By reversing the tax cuts @realDonaldTrump signed into law, Joe Biden would raise taxes on 82% of Americans.” The quote is attributed to Ronna McDaniel, chairwoman of the Republican National Committee, who made similar inaccurate claims at the party’s convention in August. In fact, Biden says he won’t raise taxes on anyone making less than $400,000, which translates to a small portion of American households. “If you’re looking only at individual income taxes and payroll taxes, we find that about 2 percent of all families would see their taxes go up directly under the Biden plan – almost all of them in the top 5 percent by income,” John Ricco, a senior tax analyst at the University of Pennsylvania’s Penn Wharton Budget Model, told The Associated Press in an email. Biden has also proposed repealing part of Trump’s corporate tax

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Theft of condo association funds does happen

Robert Ducharme
 |  Portsmouth Herald

“Earth provides enough to satisfy every man’s needs, but not every man’s greed.” –Mahatma Gandhi

Very few associations suffer the devastating effect of having someone (e.g. a board member, officer or a manager) steal the association’s money. But it happens.

One property manager in New Hampshire was sentenced to 18 months in federal prison and ordered to pay back over $900,000 stolen from 27 condo associations she was managing. A little closer to the seacoast, one property manager in Exeter was convicted of stealing over $67,000. And it’s worse than it reads because most associations don’t report the matter to the police for fear of the fallout. If your association makes the internet because you were not watching your money, the publicity may very well make it hard to sell units in the association, and certainly dampen the value as compared to units in other

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What Will Happen To Commercial Real Estate As More People Work From Home? : NPR

The coronavirus pandemic forced many people to work from home. NPR looks into what remote work from home could mean for commercial real estate.



AUDIE CORNISH, HOST:

People are going out less and working from home more because of the coronavirus pandemic. But what will happen to all the office buildings and retail space that depend on people leaving their homes and going to work? Stacey Vanek Smith and Cardiff Garcia from our daily economics podcast The Indicator From Planet Money look into what working from home could mean for commercial real estate.

(SOUNDBITE OF ARCHIVED NPR BROADCAST)

CARDIFF GARCIA: Steve Rappaport has been in the commercial real estate business in Manhattan for 15 years. And he says it is not for the faint of heart.

STACEY VANEK SMITH: You have to hustle for everything.

STEVE RAPPAPORT: Yep, so no deals, no commission.

VANEK SMITH: And, of course, it’s not

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