American Homes 4 Rent

Listed Company

AMH-PGCIK 0001562401NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$513.39M

Total Assets

$13.24B

Equity

$7.03B

Shares Out

—

Op. Cash Flow

$864.33M

AMH$34.07−6.17% · past yearDBEQ Basic

Daily closing prices

Business

American Homes 4 Rent is an internally managed REIT that develops, renovates, leases and manages single-family homes as rental properties across 24 states. The company operates primarily through its AMH Development Program, which constructs built-for-rental homes, and also acquires homes through traditional channels and third-party developers. The company maintains a geographically diversified portfolio through in-house property management, tenant leasing, maintenance and technology systems, positioning itself in high-growth metropolitan markets.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rents and other single-family property revenues	1,850	1,729	1,624	1,491	1,304
General and administrative expense	83	84	75	68	56
Interest expense	185	165	140	135	115
Acquisition and other transaction costs	12	12	17	23	16
Depreciation and amortization	504	477	457	427	373
Hurricane-related charges, net	0	9	0	6	0
Total expenses	1,584	1,502	1,411	—	—
Gain on sale and impairment of single-family properties and other, net	231	226	210	136	50
Loss on early extinguishment of debt	−396,000	−6	0	0	0
Other income and expense, net	16	22	10	—	—
Net income	513	468	432	310	211
Noncontrolling interest	60	56	52	37	21
Dividends on preferred shares	14	14	14	17	38
Net income attributable to common shareholders / unitholders	439	398	366	251	135
Basic (in shares)	371	367	362	349	324
Diluted (in shares)	371	368	362	350	326
Basic (in dollars per share)	1.18	1.08	1.01	0.72	0.42
Diluted (in dollars per share)	1.18	1.08	1.01	0.71	0.41

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	2,406	2,370	2,234	2,197	2,062
Buildings and improvements	11,972	11,559	10,651	10,128	9,258
Single-family properties in operation	14,378	13,929	12,886	12,325	11,320
Less: accumulated depreciation	−3,367	−3,049	−2,720	−2,386	−2,073
Single-family properties in operation, net	11,012	10,881	10,166	9,939	9,247
Single-family properties under development and development land	1,234	1,272	1,409	1,187	882
Single-family properties and land held for sale, net	226	213	182	199	115
Total real estate assets, net	12,471	12,366	11,757	11,325	10,245
Cash and cash equivalents	109	199	59	69	48
Restricted cash	122	151	162	149	144
Rent and other receivables	43	48	43	48	42
Escrow deposits, prepaid expenses and other assets	228	337	406	331	217
Investments in unconsolidated joint ventures	149	159	114	107	122
Goodwill	120	120	120	120	120
Total assets	13,242	13,381	12,688	12,175	10,962
Revolving credit facility	360	0	90	130	350
Asset-backed securitizations, net	0	924	1,871	1,891	1,908
Unsecured senior notes, net	4,736	4,086	2,500	2,495	1,622
Accounts payable and accrued expenses	437	522	574	484	344
Total liabilities	5,533	5,533	5,035	5,000	4,224
Commitments and contingencies (see Note 14)	—	—	—	—	—
Preferred shares	92,000	92,000	92,000	92,000	154,000
Additional paid-in capital	7,411	7,529	7,358	6,932	6,493
Accumulated deficit	−388	−381	−395	−441	−439
Accumulated other comprehensive income	7	8	843,000	1	2
Total shareholders' equity	7,034	7,160	6,968	6,496	6,060
Noncontrolling interest	676	689	685	679	679
Total equity	7,710	7,849	7,653	7,175	6,738
Total liabilities and equity/capital	13,242	13,381	12,688	12,175	10,962

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	504	477	457	427	373
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments	10	11	12	12	9
Noncash share-based compensation	26	31	25	27	18
Equity in net (income) loss of unconsolidated entities	−320,000	6,000	−1	−3	−2
Return on investment from unconsolidated joint ventures	4	2	3	6	0
Rent and other receivables	1	−2	879,000	−8	−5
Prepaid expenses and other assets	22	11	−22	−7	465,000
Deferred leasing costs	−4	−4	−3	−3	−3
Accounts payable and accrued expenses	18	34	44	44	45
Amounts due from related parties	690,000	2	−421,000	−2	−153,000
Net cash provided by operating activities	864	812	739	666	595
Cash paid for single-family properties	−24	−496	−13	−595	−850
Change in escrow deposits for purchase of single-family properties	−2	5	5	20	−33
Net proceeds received from sales of single-family properties and other	630	573	469	293	132
Proceeds received from storm-related insurance claims	4	0	4	2	5
Proceeds from notes receivable related to the sale of properties	215,000	540,000	698,000	34	1
Investment in unconsolidated joint ventures	−15	−20	−13	−25	−29
Distributions from unconsolidated entities	79	116	48	68	58
Renovations to single-family properties	−41	−34	−40	−98	−48
Recurring and other capital expenditures for single-family properties	−118	−122	−134	−139	−123
Cash paid for development activity	−811	−846	−980	−921	−824
Cash paid for deposits on land option contracts	0	−653,000	−1	−15	0
Proceeds from asset-backed securitization certificates	0	26	0	0	—
Other investing activities	−31	−29	−39	−50	−22
Net cash used for investing activities	−328	−826	−693	−1,426	−1,733
Proceeds from issuances under share-based compensation plans	6	6	7	5	4
Payments related to tax withholding for share-based compensation	−12	−9	−4	−5	−3
Payments on asset-backed securitizations	−926	−952	−24	−23	−24
Proceeds from unsecured senior notes, net of discount	646	1,594	0	877	737
Settlement of cash flow hedging instruments	31,000	9	0	0	−4
Payments related to liabilities to repurchase consolidated land not owned	−54	−82	0	0	—
Distributions to noncontrolling interests	−61	−53	−45	−37	−23
Distributions to common shareholders	−446	−384	−319	−253	−146
Distributions to preferred shareholders	−14	−14	−14	−17	−38
Deferred financing costs paid	−5	−25	0	−8	−18
Net cash (used for) provided by financing activities	−656	143	−42	786	1,065
Net (decrease) increase in cash, cash equivalents and restricted cash	−120	128	4	26	−73
Cash payments for interest, net of amounts capitalized	−172	−128	−128	−116	−96
Accrued property renovations and development expenditures	53	70	72	71	45
Transfers of completed homebuilding deliveries to properties	781	837	684	502	396
Property and land contributions to unconsolidated joint ventures	−66	−157	−46	−36	−57
Noncash right-of-use assets obtained in exchange for operating lease liabilities	5	2	963,000	5	1
Accrued distributions to affiliates	2	2	1	404,000	0
Accrued distributions to non-affiliates	177,000	149,000	142,000	106,000	0

Filings

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Frequently asked questions

What is American Homes 4 Rent's CIK number?

American Homes 4 Rent's SEC CIK number is 0001562401 (1562401). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find American Homes 4 Rent's SEC filings?

All of American Homes 4 Rent's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did American Homes 4 Rent last report earnings?

American Homes 4 Rent (AMH-PG) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001562401-26-000028). This is American Homes 4 Rent's most recent earnings filing of record — not a forecast of its next earnings date.

What is American Homes 4 Rent's most recent earnings 8-K?

American Homes 4 Rent's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001562401-26-000028. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View American Homes 4 Rent's latest earnings 8-K →
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