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American Homes 4 Rent (AMH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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American Homes 4 Rent (AMH) stock price & volume — 10-year historical chart
American Homes 4 Rent (AMH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
American Homes 4 Rent (AMH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.35vs $0.18+98.5% | $472Mvs $471M+0.3% |
| Q1 2026 | Feb 19, 2026 | $0.47vs $0.22+113.9% | $455Mvs $459M-0.9% |
| Q4 2025 | Oct 29, 2025 | $0.47vs $0.46+2.2% | $478Mvs $459M+4.2% |
| Q3 2025 | Jul 31, 2025 | $0.47vs $0.46+2.2% | $458Mvs $475M-3.8% |
American Homes 4 Rent (AMH) competitors in Single-family rental home REITs — business model, growth, and fundamentals comparison
American Homes 4 Rent (AMH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
American Homes 4 Rent (AMH) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 960.4M | 1.07B | 1.13B | 1.17B | 1.3B | 1.49B | 1.62B | 1.73B | 1.87B | 1.87B |
Revenue Growth % | 9.27% | 11.71% | 5.53% | 3.57% | 11.2% | 14.32% | 8.93% | 6.47% | 7.95% | 5.83% |
Property Operating Expenses | 429.41M | 492.7M | 523.99M | 549.46M | 602.82M | 688.24M | 739.73M | 767.4M | 1.8B | 1.3B |
Net Operating Income (NOI) | 530.99M▲ 0% | 580.15M▲ 9.3% | 608.15M▲ 4.8% | 623.06M▲ 2.5% | 701.06M▲ 12.5% | 802.29M▲ 14.4% | 883.87M▲ 10.2% | 961.3M▲ 8.8% | 62.81M▼ 93.5% | 563.84M▲ 0% |
NOI Margin % | 55.29% | 54.08% | 53.72% | 53.14% | 53.77% | 53.83% | 54.44% | 55.61% | 3.37% | 30.2% |
Operating Expenses | 34.73M | 36.58M | 43.21M | 48.52M | 56.44M | 70.76M | 77.61M | 86.99M | -389.05M | 97.27M |
G&A Expenses | 34.73M | 36.58M | 43.21M | 48.52M | 56.44M | 70.76M | 77.61M | 86.99M | 83.01M | 63.34M |
EBITDA | 784.35M | 851.26M | 886.24M | 913.59M | 1.01B | 1.16B | 1.26B | 1.35B | 956.21M | 973.33M |
EBITDA Margin % | 81.67% | 79.35% | 78.28% | 77.92% | 77.73% | 77.51% | 77.59% | 77.97% | 51.24% | 52.13% |
Depreciation & Amortization | 288.09M | 307.69M | 321.29M | 339.05M | 368.95M | 423.83M | 453.55M | 473.61M | 504.34M | 506.76M |
D&A / Revenue % | 30% | 28.68% | 28.38% | 28.92% | 28.3% | 28.43% | 27.93% | 27.4% | 27.03% | 27.14% |
Operating Income | 496.26M▲ 0% | 543.58M▲ 9.5% | 564.95M▲ 3.9% | 574.54M▲ 1.7% | 644.62M▲ 12.2% | 731.54M▲ 13.5% | 806.26M▲ 10.2% | 874.31M▲ 8.4% | 451.87M▼ 48.3% | 466.57M▲ 0% |
Operating Margin % | 51.67% | 50.67% | 49.9% | 49% | 49.44% | 49.08% | 49.66% | 50.58% | 24.21% | 24.99% |
Interest Expense | 112.62M | 122.9M | 127.11M | 117.04M | 114.89M | 134.87M | 140.2M | 165.35M | 185.2M | 4M |
Interest Coverage | 1.77x | 1.83x | 1.85x | 1.98x | 2.37x | 2.28x | 2.52x | 2.42x | 3.77x | - |
Non-Operating Income | 297.29M | 318.69M | 329.29M | 343.15M | 372.85M | 423.83M | 453.55M | 473.61M | -246.72M | -267.93M |
Pretax Income | 76.49M▲ 0% | 112.44M▲ 47.0% | 156.26M▲ 39.0% | 154.83M▼ 0.9% | 210.56M▲ 36.0% | 310.02M▲ 47.2% | 432.14M▲ 39.4% | 468.14M▲ 8.3% | 513.39M▲ 9.7% | 533.52M▲ 0% |
Pretax Margin % | 7.96% | 10.48% | 13.8% | 13.2% | 16.15% | 20.8% | 26.62% | 27.08% | 27.51% | 28.57% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 81M▲ 0% | 108.27M▲ 33.7% | 141.04M▲ 30.3% | 140.37M▼ 0.5% | 189.09M▲ 34.7% | 273.14M▲ 44.4% | 380.17M▲ 39.2% | 412.43M▲ 8.5% | 452.97M▲ 9.8% | 470.45M▲ 0% |
Net Margin % | 8.43% | 10.09% | 12.46% | 11.97% | 14.5% | 18.32% | 23.42% | 23.86% | 24.27% | 25.19% |
Net Income Growth % | 1109.84% | 33.67% | 30.26% | -0.47% | 34.71% | 44.45% | 39.19% | 8.49% | 9.83% | 13.88% |
Funds From Operations (FFO) | 369.09M▲ 0% | 415.96M▲ 12.7% | 462.33M▲ 11.1% | 479.43M▲ 3.7% | 558.04M▲ 16.4% | 696.97M▲ 24.9% | 833.72M▲ 19.6% | 886.04M▲ 6.3% | 957.32M▲ 8.0% | 977.21M▲ 0% |
FFO Margin % | 38.43% | 38.77% | 40.84% | 40.89% | 42.8% | 46.76% | 51.35% | 51.25% | 51.3% | 52.33% |
FFO Growth % | 34.62% | 12.7% | 11.15% | 3.7% | 16.4% | 24.9% | 19.62% | 6.28% | 8.04% | 38.43% |
FFO per Share | 1.40 | 1.41 | 1.54 | 1.56 | 1.71 | 1.99 | 2.30 | 2.41 | 2.58 | 2.68 |
FFO Payout Ratio % | 10.54% | 14.03% | 12.94% | 12.74% | 26.21% | 36.23% | 38.32% | 43.29% | 48.08% | 34.53% |
EPS (Diluted) | -0.08▲ 0% | 0.08▲ 195.0% | 0.29▲ 264.3% | 0.28▼ 3.4% | 0.41▲ 46.4% | 0.71▲ 73.2% | 1.01▲ 42.3% | 1.08▲ 6.9% | 1.18▲ 9.3% | 1.29▲ 0% |
EPS Growth % | 40.14% | 194.99% | 264.32% | -3.45% | 46.43% | 73.17% | 42.25% | 6.93% | 9.26% | 13.89% |
EPS (Basic) | -0.08 | 0.08 | 0.29 | 0.28 | 0.42 | 0.72 | 1.01 | 1.08 | 1.18 | - |
Diluted Shares Outstanding | 264.25M | 294.27M | 299.92M | 307.07M | 325.52M | 349.79M | 362.48M | 367.99M | 370.91M | 364.5M |
American Homes 4 Rent (AMH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 8.61B | 9B | 9.1B | 9.59B | 10.96B | 12.18B | 12.69B | 13.38B | 13.24B | 13.18B |
Asset Growth % | 6.19% | 4.56% | 1.1% | 5.42% | 14.27% | 11.06% | 4.21% | 5.46% | -1.04% | 3.46% |
Real Estate & Other Assets | 190.13M | 8.66B | 8.66B | 8.99B | 10.4B | 11.63B | 12.15B | 12.69B | 345.38M | 474.65M |
PP&E (Net) | 8.06B | 0 | 3.84M | 18.77M | 17.27M | 19.13M | 16.62M | 14.73M | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 212.97M | 204.24M | 230.57M | 342.14M | 268.7M | 268.1M | 265.74M | 399.18M | 273.81M | 256.4M |
Cash & Equivalents | 46.16M | 30.28M | 37.58M | 137.06M | 48.2M | 69.16M | 59.38M | 199.41M | 108.52M | 63.3M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | -35.18M | -1.1M | 126.54M | 163.54M | 143.57M | 148.81M | 162.48M | 150.8M | 122.17M | 144.86M |
Intangible Assets | -5.25M | -10.47M | -8.14M | 4.86M | 13.13M | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 2.73B | 3.03B | 3.08B | 3.12B | 4.22B | 5B | 5.04B | 5.53B | 5.53B | 5.58B |
Total Debt | 2.48B | 2.8B | 2.84B | 2.86B | 3.9B | 4.54B | 4.48B | 5.03B | 5.13B | 5.13B |
Net Debt | 2.43B | 2.77B | 2.8B | 2.72B | 3.85B | 4.47B | 4.42B | 4.83B | 5.02B | 4.67B |
Long-Term Debt | 2.34B | 2.55B | 2.83B | 2.82B | 3.53B | 4.39B | 4.37B | 5.01B | 5.11B | 5.13B |
Short-Term Borrowings | 140M | 250M | 0 | 0 | 350M | 130M | 90M | 0 | 4.35M | 4.74B |
Capital Lease Obligations | 0 | 0 | 7.83M | 38.33M | 18.72M | 20.75M | 18.29M | 16.31M | 12.84M | 46.17M |
Total Current Liabilities | 346.86M | 451.69M | 223.94M | 260.2M | 643.61M | 497.29M | 506.36M | 400.78M | 4.35M | 4.74B |
Accounts Payable | 1.73M | 195K | 5.04M | 432K | 1.11M | 5.72M | 36.06M | 96K | 0 | 0 |
Deferred Revenue | 20.73M | 22.51M | 19.97M | 24.42M | 31.19M | 26.92M | 30.32M | 30.15M | 33.19M | 0 |
Other Liabilities | 29.47M | 0 | 0 | 0 | 0 | 69.43M | 108.69M | 74.52M | 373.65M | 447.12M |
Total Equity | 5.88B▲ 0% | 5.97B▲ 1.7% | 6.02B▲ 0.8% | 6.47B▲ 7.5% | 6.74B▲ 4.1% | 7.17B▲ 6.5% | 7.65B▲ 6.7% | 7.85B▲ 2.6% | 7.71B▼ 1.8% | 7.6B▲ 0% |
Equity Growth % | 19% | 1.67% | 0.75% | 7.54% | 4.11% | 6.47% | 6.67% | 2.56% | -1.77% | -1.28% |
Shareholders Equity | 5.15B | 5.25B | 5.34B | 5.79B | 6.06B | 6.5B | 6.97B | 7.16B | 7.03B | 6.93B |
Minority Interest | 726.2M | 721.78M | 683.36M | 683.34M | 678.86M | 678.67M | 685.36M | 688.61M | 675.76M | 672.21M |
Common Stock | 2.87M | 2.97M | 3.01M | 3.17M | 3.38M | 3.54M | 3.65M | 3.7M | 3.67M | 3.64M |
Additional Paid-in Capital | 5.6B | 5.73B | 5.79B | 6.22B | 6.49B | 6.93B | 7.36B | 7.53B | 7.41B | 7.3B |
Retained Earnings | -453.95M | -491.21M | -465.37M | -443.52M | -438.71M | -440.79M | -394.91M | -380.63M | -387.64M | -380.21M |
Preferred Stock | 384K | 354K | 354K | 354K | 154K | 92K | 92K | 92K | 92K | 92K |
Return on Assets (ROA) | 0.97% | 1.23% | 1.56% | 1.5% | 1.84% | 2.36% | 3.06% | 3.16% | 3.4% | 3.53% |
Return on Equity (ROE) | 1.5% | 1.83% | 2.35% | 2.25% | 2.86% | 3.93% | 5.13% | 5.32% | 5.82% | 6.07% |
Debt / Assets | 28.76% | 31.15% | 31.22% | 29.77% | 35.57% | 37.26% | 35.31% | 37.57% | 38.71% | 38.92% |
Debt / Equity | 0.42x | 0.47x | 0.47x | 0.44x | 0.58x | 0.63x | 0.59x | 0.64x | 0.66x | 0.67x |
Net Debt / EBITDA | 3.10x | 3.26x | 3.16x | 2.98x | 3.80x | 3.87x | 3.51x | 3.58x | 5.25x | 4.80x |
Book Value per Share | 22.24 | 20.30 | 20.07 | 21.08 | 20.70 | 20.51 | 21.11 | 21.33 | 20.79 | 20.85 |
American Homes 4 Rent (AMH) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 385.96M | 410.88M | 457.89M | 474.1M | 595.2M | 665.52M | 738.69M | 811.53M | 864.33M | 640.92M |
Operating CF Growth % | 38.4% | 6.46% | 11.44% | 3.54% | 25.54% | 11.81% | 10.99% | 9.86% | 6.51% | -62.51% |
Operating CF / Revenue % | 40.19% | 38.3% | 40.44% | 40.43% | 45.65% | 44.65% | 45.5% | 46.94% | 46.32% | 34.32% |
Net Income | 76.49M | 112.44M | 156.26M | 154.83M | 210.56M | 310.02M | 380.17M | 468.14M | 439.03M | 470.45M |
Depreciation & Amortization | 297.29M | 318.69M | 329.29M | 343.15M | 372.85M | 426.53M | 456.55M | 477.01M | 504.34M | 506.76M |
Stock-Based Compensation | 4.21M | 3.43M | 4.81M | 9.83M | 17.79M | 27.31M | 25.37M | 30.98M | 25.82M | 18.15M |
Other Non-Cash Items | 22.67M | 6.83M | -32.6M | -30.57M | -42.52M | -122.14M | -143.46M | -205.99M | -125.19M | -436.32M |
Working Capital Changes | -14.7M | -30.5M | 129K | -3.15M | 36.52M | 23.8M | 20.06M | 41.39M | 20.34M | 95.5M |
Cash from Investing | -837.48M | -674.41M | -376.87M | -642.92M | -1.73B | -1.43B | -692.58M | -825.88M | -328.17M | -220.48M |
Acquisitions (Net) | 0 | -8.4M | 0 | 0 | -29.26M | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | -14.55M | -1.14M | -653K | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.67M | 0 | 0 |
Other Investing | -799.94M | -611.54M | -305.38M | -502.44M | -1.51B | -1.41B | -691.44M | -850.89M | -328.17M | -220.48M |
Cash from Financing | 384.1M | 255.92M | -92.12M | 269.78M | 1.06B | 786.18M | -42.21M | 142.7M | -655.69M | -408.61M |
Dividends Paid | -85.02M | -125.55M | -114.96M | -116.19M | -184.17M | -269.59M | -333.44M | -397.48M | -460.24M | -344.38M |
Common Dividends | -38.9M | -58.37M | -59.83M | -61.07M | -146.24M | -252.51M | -319.5M | -383.54M | -460.24M | -337.41M |
Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 3M |
Share Repurchases | -169K | -34.97M | 0 | 0 | -498.75M | -155M | 0 | 0 | -161.94M | -150.11M |
Other Financing | -8.33M | -404K | -11.54M | -12.03M | -72.16M | -12.26M | -49.04M | -1.11B | -114.1M | -525.75M |
Net Change in Cash | -67.42M▲ 0% | -7.61M▲ 88.7% | -11.1M▼ 45.8% | 100.96M▲ 1009.9% | -73.31M▼ 172.6% | 26.19M▲ 135.7% | 3.9M▼ 85.1% | 128.35M▲ 3190.3% | -119.53M▼ 193.1% | -10.69M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.53M |
Cash at Beginning | 250.24M | 182.82M | 175.21M | 164.12M | 265.08M | 191.77M | 217.96M | 221.86M | 350.22M | 230.69M |
Cash at End | 182.82M | 175.21M | 164.12M | 265.08M | 191.77M | 217.96M | 221.86M | 350.22M | 230.69M | 208.16M |
Free Cash Flow | 348.42M▲ 0% | 356.42M▲ 2.3% | 386.41M▲ 8.4% | 369.28M▼ 4.4% | 472.65M▲ 28.0% | 526.74M▲ 11.4% | 604.51M▲ 14.8% | 689.78M▲ 14.1% | 746.12M▲ 8.2% | 671.87M▲ 0% |
FCF Growth % | 38.78% | 2.29% | 8.41% | -4.43% | 27.99% | 11.44% | 14.77% | 14.11% | 8.17% | -4.6% |
FCF / Revenue % | 36.28% | 33.22% | 34.13% | 31.49% | 36.25% | 35.34% | 37.23% | 39.9% | 39.98% | 35.98% |
American Homes 4 Rent (AMH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 1.4 | 1.41 | 1.54 | 1.56 | 1.71 | 1.99 | 2.3 | 2.41 | 2.58 | 2.68 |
FFO Payout Ratio | 10.54% | 14.03% | 12.94% | 12.74% | 26.21% | 36.23% | 38.32% | 43.29% | 48.08% | 34.53% |
NOI Margin | 55.29% | 54.08% | 53.72% | 53.14% | 53.77% | 53.83% | 54.44% | 55.61% | 3.37% | 30.2% |
Net Debt / EBITDA | 3.10x | 3.26x | 3.16x | 2.98x | 3.80x | 3.87x | 3.51x | 3.58x | 5.25x | 4.80x |
Debt / Assets | 28.76% | 31.15% | 31.22% | 29.77% | 35.57% | 37.26% | 35.31% | 37.57% | 38.71% | 38.92% |
Interest Coverage | 1.77x | 1.83x | 1.85x | 1.98x | 2.37x | 2.28x | 2.52x | 2.42x | 3.77x | - |
Book Value / Share | 22.24 | 20.3 | 20.07 | 21.08 | 20.7 | 20.51 | 21.11 | 21.33 | 20.79 | 20.85 |
Revenue Growth | 9.27% | 11.71% | 5.53% | 3.57% | 11.2% | 14.32% | 8.93% | 6.47% | 7.95% | 5.83% |
American Homes 4 Rent (AMH) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Feb 27, 2026·SEC
Feb 19, 2026·SEC
American Homes 4 Rent (AMH) stock FAQ — growth, dividends, profitability & financials explained
American Homes 4 Rent (AMH) reported $1.87B in revenue for fiscal year 2025. This represents a 41029% increase from $4.5M in 2012.
American Homes 4 Rent (AMH) grew revenue by 8.0% over the past year. This is steady growth.
Yes, American Homes 4 Rent (AMH) is profitable, generating $470.4M in net income for fiscal year 2025 (24.3% net margin).
Yes, American Homes 4 Rent (AMH) pays a dividend with a yield of 3.91%. This makes it attractive for income-focused investors.
American Homes 4 Rent (AMH) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.
American Homes 4 Rent (AMH) generated Funds From Operations (FFO) of $977.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
American Homes 4 Rent (AMH) offers a 3.91% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.