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AMH

American Homes 4 Rent

AMH

American Homes 4 Rent • NYSE
$32.12 ▲ 0.53% (+0.17)
Market Cap $11.90 B
52w High $39.49
52w Low $31.01
Dividend Yield 1.16%
P/E 27.22
Volume 1.66M
Outstanding Shares 370.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $478.464M ▲ $147.159M ▲ $102.863M ▼ 21.499% ▼ $0.27 ▼ $291.656M ▼
Q2-2025 $457.503M ▼ $146.947M ▲ $109.039M ▼ 23.834% ▼ $0.28 ▼ $296.866M ▲
Q1-2025 $459.276M ▲ $20.771M ▼ $113.458M ▼ 24.704% ▼ $0.3 ▼ $233.733M ▲
Q4-2024 $436.593M ▼ $21.665M ▲ $126.716M ▲ 29.024% ▲ $0.33 ▲ $229.583M ▲
Q3-2024 $445.055M $20.147M $77.307M 17.37% $0.2 $218.299M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $45.631M ▼ $13.253B ▼ $5.415B ▼ $7.161B ▼
Q2-2025 $323.258M ▲ $13.592B ▲ $5.747B ▲ $7.165B ▲
Q1-2025 $69.698M ▼ $13.289B ▼ $5.447B ▼ $7.154B ▼
Q4-2024 $199.413M ▲ $13.381B ▲ $5.533B ▲ $7.16B ▲
Q3-2024 $162.477M $12.844B $5.149B $7.011B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $92.725M ▼ $223.254M ▼ $-52.226M ▲ $-461.893M ▼ $-290.865M ▼ $166.675M ▼
Q2-2025 $123.624M ▲ $271.858M ▲ $-120.716M ▼ $96.6M ▲ $247.742M ▲ $241.111M ▲
Q1-2025 $113.458M ▼ $223.403M ▲ $-107.689M ▲ $-247.072M ▼ $-131.358M ▼ $192.461M ▲
Q4-2024 $143.873M ▲ $102.187M ▼ $-532.828M ▼ $463.008M ▲ $32.367M ▲ $61.633M ▼
Q3-2024 $87.64M $233.568M $-185.132M $-612.629M $-563.797M $202.388M

Revenue by Products

Product Q4-2018Q1-2019Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $0 ▲$0 ▲$410.00M ▲$410.00M ▲
Other Revenue
Other Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Rental And Other Property Related Revenues
Rental And Other Property Related Revenues
 $0 ▲$280.00M ▲$0 ▼$0 ▲
Fees From SingleFamily Properties
Fees From SingleFamily Properties
 $0 ▲$0 ▲$0 ▲$0 ▲
Rent From Single Family Properties
Rent From Single Family Properties
 $230.00M ▲$0 ▼$0 ▲$0 ▲
Tenant Chargebacks
Tenant Chargebacks
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement American Homes 4 Rent shows a pattern of steady, healthy growth. Revenue has increased each year, and profits have generally grown faster than sales, suggesting improving efficiency and good cost control. Margins look solid for a residential REIT, and earnings per share have climbed consistently, which points to better use of the existing portfolio plus benefits from scale. Overall, the income statement reflects a mature, growing platform rather than a volatile or highly cyclical profile, though results will still be sensitive to rental demand, occupancy, and interest-rate conditions.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily as the company has added more homes and communities. Equity has grown over time, which is a positive sign of underlying value build. Debt has also risen, as is typical for a real estate trust, but it appears to be increasing in a gradual, controlled way rather than through aggressive leverage. Cash on hand is relatively modest, again common for REITs that tend to reinvest and distribute much of their cash. The overall picture is of a balance sheet geared for growth, with the usual trade‑off of higher interest‑rate and refinancing sensitivity that comes with a sizable debt load.

Cash Flow

Cash Flow Cash generation from the core rental business has been consistently strong and rising. Operating cash flow has increased year after year, and after funding new development and property investments, free cash flow has remained positive and growing. Capital spending is meaningful but not extreme, aligning with a steady build‑to‑rent and maintenance program rather than a boom‑and‑bust cycle. This pattern suggests the company has been able to support expansion and shareholder distributions from its own cash flows, though, like most REITs, it still relies on external capital for larger growth ambitions.

Competitive Edge

Competitive Edge American Homes 4 Rent is one of the established players in single‑family rentals, with a large and geographically diverse portfolio. Its vertically integrated model—owning, developing, leasing, and managing homes in‑house—helps control quality and costs and creates a more consistent resident experience. The in‑house build‑to‑rent pipeline is a key differentiator, giving it more control over product design and growth, rather than competing solely for existing homes. Its technology, brand, and scale give it advantages over smaller, fragmented landlords, though it still faces competition from other large institutional owners, traditional homebuyers, and changing housing policies in different markets.

Innovation and R&D

Innovation and R&D The company leans heavily into technology and process innovation rather than traditional lab‑style R&D. Its self‑tour “Let Yourself In” system, online leasing and service platform, and data‑driven pricing and acquisition tools are central to its model. The build‑to‑rent program allows it to design homes and communities specifically for renters, including the potential to integrate smart‑home features and energy‑efficient systems from the start. It is also experimenting with greener, more sustainable homes. Looking ahead, the key innovation areas to watch are deeper use of analytics, smarter resident apps and services, and continued refinement of its development and construction capabilities to keep costs controlled while maintaining quality.

Summary

American Homes 4 Rent combines steady financial growth with a scale advantage in the single‑family rental niche. The income statement shows rising revenues and improving profitability, while the balance sheet and cash flow profile support a long‑term build‑and‑hold strategy. Its main strengths lie in vertical integration, a growing build‑to‑rent pipeline, and a technology‑enabled resident experience that can differentiate it from smaller landlords. The main risks revolve around reliance on debt financing, exposure to interest rates and housing cycles, and increasing competition in single‑family rentals. Overall, it operates as a tech‑forward, operationally disciplined REIT in a segment that has strong structural demand but also evolving regulatory and competitive dynamics.

NEWS

November 5, 2025 · 5:16 PM UTC

AMH Announces Distributions

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October 29, 2025 · 4:08 PM UTC

AMH Reports Third Quarter 2025 Financial and Operating Results

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October 3, 2025 · 4:15 PM UTC

AMH Announces Dates of Third Quarter 2025 Earnings Release and Conference Call

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September 3, 2025 · 4:15 PM UTC

AMH to Participate in BofA Securities 2025 Global Real Estate Conference

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