AMH's revenue has grown from $423.5M in 2024Q2 to $498.1M in 2026Q3, but top-line growth has decelerated to 4.1% year-over-year, and FFO fell 7.0% in the latest quarter even as management raised Core FFO guidance to a $1.97 midpoint.
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Revenue grew steadily to $498.1M in 2026Q3, but year-over-year growth slowed to 4.1% from roughly 8% in mid-2025 while NOI margins of 53.6% to 58.4% in most quarters are undermined by unreconciled near-zero NOI figures in 2026Q1 and 2025Q4.
AMH has a strong presence in high-demand markets like Dallas, Indianapolis, Atlanta, and Charlotte. The company plans to build approximately 1,900 homes in 2026, leveraging its substantial land holdings for future expansion.
AMH reported a revenue increase of 7.03% and earnings growth of 10.21% in 2025. The company's core FFO per share grew by 6.2% in Q3 2025 and 5.4% for the full year, alongside a market capitalization of $12.95 billion as of April 28, 2026.
AMH has initiated a US$500 million share repurchase authorization, reflecting management's confidence in the company's stock. This strategic move is part of their focus on portfolio optimization and disciplined capital management.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.23+24.9% vs $0.18 | $498M+1.9% vs $489M |
Q3 2026 Jul 30, 2026 | $0.31+72.4% vs $0.18 | $470M+0.8% vs $467M |
Q2 2026 May 6, 2026 | $0.35+98.5% vs $0.18 | $472M+0.3% vs $471M |
Q1 2026 Feb 19, 2026 | $0.33+74.9% vs $0.19 | $455M-0.9% vs $459M |
American Homes 4 Rent NYSE: AMH raised its 2026 earnings outlook after reporting third-quarter growth in rental revenue and receiving property tax assessments that came in below its expectations in several states.
American Homes 4 Rent ( AMH ) Q3 2026 Earnings Call November 5, 2026 12:00 PM EST Company Participants Nicholas Fromm - Director of Investor Relations Bryan Smith - CEO & Trustee Christopher Lau - CFO & Senior EVP Lincoln Palmer - Executive VP & Chief Operating Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Equity Research Nicholas Joseph - Citigroup Inc., Research Division James Feldman - Wells Fargo Securities, LLC, Research Division Steve Sakwa - Evercore ISI Institutional Equities, Research Division Michael Stefany - Mizuho Securities USA LLC, Research Division Jeffrey Spector - BofA Securities, Research Division Adam Kramer - Morgan Stanley, Research Division Jason Wayne - Barclays Bank PLC, Research Division Jesse Lederman - Zelman & Associates LLC David Segall - Green Street Advisors, LLC, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Peter Abramowitz - Deutsche Bank AG, Research Division Brad Heffern - RBC Capital Markets, Research Division Buck Horne - Raymond James & Associates, Inc., Research Division Presentation Operator Greetings, and welcome to the AMH Third Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
The headline numbers for American Homes 4 Rent (AMH) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
American Homes 4 Rent (AMH) came out with quarterly funds from operations (FFO) of $0.5 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.47 per share a year ago.
Benchmark AMH against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American Homes 4 Rent (AMH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.82 | $11.79B | 25.59 | 7.95% | 24.29% | 6.12% | 3.67% | |
| $27.10 | $16.1B | 23.37 | 4.21% | 23.55% | 7.45% | 4.29% | |
| $65.51 | $50.69B | -257.71 | 4.06% | -4.19% | -0.85% | 4.11% | |
| $118.93 | $13.84B | 35.57 | 0.83% | 17.43% | 6.86% | 5.09% | |
| $99.44 | $10B | 9.24 | 1.92% | 71.53% | 26.22% | 4.27% | |
| $36.58 | $11.89B | 16.98 | 2.42% | 40.75% | 19.52% | 4.69% |
American Homes 4 Rent (AMH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American Homes 4 Rent (AMH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 4, 2026·SEC
Jul 30, 2026·SEC
Jun 12, 2026·SEC
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American Homes 4 Rent (AMH) stock FAQ — growth, dividends, profitability & financials explained
American Homes 4 Rent (AMH) reported $1.90B in revenue over the trailing twelve months. Revenue was $1.87B in fiscal year 2025. That is 41005% more than the $4.5M of fiscal year 2012.
American Homes 4 Rent (AMH) grew revenue by 3.7% over the trailing twelve months, compared with the twelve months before.
Yes. American Homes 4 Rent (AMH) earned $461.5M in net income over the trailing twelve months (a 24.3% net margin).
Yes. American Homes 4 Rent (AMH) pays a dividend that yields 3.67% at the current price, a moderate yield.
American Homes 4 Rent (AMH) had a return on equity (ROE) of 6.1% over the trailing twelve months. That is below the market's typical 10-15%.
American Homes 4 Rent (AMH) generated Funds From Operations (FFO) of $969.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
American Homes 4 Rent (AMH) offers a 3.67% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
