American Homes 4 Rent AMH

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

American Homes 4 Rent ("AMH" or the "General Partner") is an internally managed Maryland real estate investment trust ("REIT") formed on October 19, 2012. American Homes 4 Rent, L.P., a Delaware limited partnership formed on October 22, 2012, and its consolidated subsidiaries (collectively, the "Operating Partnership" or the "OP") is the entity through which the Company conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. References to the "Company," "we," "our" and "us" mean collectively AMH, the Operating Partnership and those entities/subsidiaries owned or controlled by AMH and/or the Operating Partnership. We are focused on developing, renovating, leasing and managing single-family homes as rental properties. We commenced operations in November 2012.

Last close 31.92 2026-10-23
Market cap $11.51B estimated share count
52-week range 27.21 - 35.07

Valuation FY2025 figures against the last close

P/S—
P/E27.1x
P/FCF14.0x
EV/EBITDA—
Dividend yield3.9%
Diluted EPS1.18

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue —————$1.18B$1.14B$1.07B$960.4M$878.9M
SG&A $83.0M$83.6M$74.6M$68.1M$56.4M$48.5M$43.2M$36.6M$34.7M$33.1M
Total operating expenses $1.58B$1.50B$1.41B$1.32B$1.15B$1.06B$1.02B$978.1M$887.0M$874.0M
Interest expense $185.2M$165.4M$140.2M$134.9M$114.9M$117.0M$127.1M$122.9M$112.6M$130.8M
Net income $513.4M$468.1M$432.1M$310.0M$210.6M$154.8M$156.3M$112.4M$76.5M$10.4M
EPS, basic 1.181.081.010.720.420.280.290.08-0.08-0.14
EPS, diluted 1.181.081.010.710.410.280.290.08-0.08-0.14
Shares, diluted (wtd. avg.) 370.9M368.0M362.5M349.8M325.5M307.1M299.9M294.3M264.3M234.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $108.5M$199.4M$59.4M$218.0M$191.8M$265.1M$164.1M$175.2M$182.8M$250.2M
Goodwill $120.3M$120.3M$120.3M$120.3M$120.3M$120.3M$120.3M$120.3M$120.3M$120.3M
Other intangibles $9.5M$12.4M$7.6M$10.2M$13.1M$4.9M$6.8M$12.7M——
Total assets $13.24B$13.38B$12.69B$12.18B$10.96B$9.59B$9.10B$9.00B$8.61B$8.11B
Long-term debt $5.10B$5.01B$4.46B$4.52B$3.88B$2.82B$2.83B$2.80B$2.48B$2.92B
Total liabilities $5.53B$5.53B$5.04B$5.00B$4.22B$3.12B$3.08B$3.03B$2.73B$3.17B
Retained earnings -$387.6M-$380.6M-$394.9M-$440.8M-$438.7M-$443.5M-$465.4M-$491.2M-$454.0M-$378.6M
Total equity $7.03B$7.16B$7.65B$7.17B$6.74B$6.47B$6.02B$5.97B$5.88B$4.94B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $864.3M$811.5M$738.7M$665.5M$595.2M$474.1M$457.9M$410.9M$386.0M$278.9M
Depreciation and amortisation $504.3M$477.0M$456.6M$426.5M$372.8M$343.2M$329.3M$318.7M$297.3M$298.7M
Stock-based compensation $25.8M$31.0M$25.4M$27.3M$17.8M$9.8M$4.8M$3.4M$4.2M$3.6M
Capital expenditure $40.6M$34.1M$40.1M$98.0M$47.7M$17.0M$21.9M$52.4M$47.9M$39.9M
Investing cash flow -$328.2M-$825.9M-$692.6M-$1.43B-$1.73B-$642.9M-$376.9M-$674.4M-$837.5M-$522.4M
Financing cash flow -$655.7M$142.7M-$42.2M$786.2M$1.06B$269.8M-$92.1M$255.9M$384.1M$324.8M
Dividends paid $446.3M$383.5M$319.5M$252.5M$146.2M$61.1M$59.8M$58.4M$38.9M$48.2M
Buybacks —————$0$0$35.0M$0$96.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001562401-26-000010.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 878.9M Net income, FY2016: 10.4M Revenue, FY2017: 960.4M Net income, FY2017: 76.5M Revenue, FY2018: 1.1B Net income, FY2018: 112.4M Revenue, FY2019: 1.1B Net income, FY2019: 156.3M Revenue, FY2020: 1.2B Net income, FY2020: 154.8M Net income, FY2021: 210.6M Net income, FY2022: 310M Net income, FY2023: 432.1M Net income, FY2024: 468.1M Net income, FY2025: 513.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $878.9M $960.4M $1.07B $1.14B $1.18B — — — — —
Gross profit — — — — — — — — — —
Net income $10.4M $76.5M $112.4M $156.3M $154.8M $210.6M $310.0M $432.1M $468.1M $513.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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