American Homes 4 Rent Added to Russell 1000 and Russell 3000 Indexes
AGOURA HILLS, Calif., Oct. 1, 2013 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) (the "Company") announced today that it has been added to the Russell 1000 and Russell 3000 Indexes. The Company was one of seven newly public companies to be added to the Russell 1000 Index on October 1, 2013.
"We are pleased to receive this important recognition for the Company following our recent IPO," said David P. Singelyn, Chief Executive Officer. "We believe that our addition to the well-known and widely-used Russell indexes will broaden our shareholder base and provide increasing visibility and validation of our company's growth."
Membership in the Russell 3000 Index is reconstituted annually and includes the 3,000 largest public companies in the U.S. based on market capitalization. The Russell 1000 Index is comprised of the largest 1,000 companies in the Russell 3000 Index. Additional information about the Russell indexes is available at www.russell.com
About American Homes 4 Rent
American Homes 4 Rent, a member of the Russell 1000 and Russell 3000 Indexes, is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. As of July 31, 2013, we owned 19,825 single-family properties in selected submarkets in 22 states and we continually evaluate potential target markets that meet our underwriting criteria and are located where we believe we can achieve sufficient scale for internalized property management. We are 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.
Forward Looking Statements
This press release contains "forward looking statements." These forward-looking statements relate to beliefs, expectations or intentions and similar statements concerning matters that are not of historical fact and are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "potential," "plan," "goal" or other words that convey the uncertainty of future events or outcomes. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While the Company's management considers these expectations to be reasonable, they are inherently subject to risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. Investors should not place undue reliance on these forward-looking statements. All information in this press release is current as of the date of the release. The Company undertakes no obligation to update any forward-looking statements to conform to actual results or changes in its expectations. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company in general, see the Company's filings with the Securities and Exchange Commission.
Contact: Peter J. Nelson
American Homes 4 Rent
Tel: (310) 774-5394
SOURCE American Homes 4 Rent