AMH on NYSE

American Homes 4 Rent

American real estate investment firm

Price unavailable

Last updated Oct 16, 2026.

Overview

$513.4MNet income, fiscal 2025⁴

2012Founded¹

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TickerAMH on NYSE¹
Industryreal estate investment trust¹
HeadquartersAgoura Hills¹
Websitewww.americanhomes4rent.com
Incorporated inMD⁵
Business address280 Pilot Road, Las Vegas, Nv 89119⁵
Filer categoryLarge accelerated filer⁵

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American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta (9.3% of total homes), Dallas-Fort Worth (8.4% of total homes), and Charlotte, North Carolina (7.2% of total homes).³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

13.1%Net margin⁷

3.5%Revenue growth, 2020⁸

2.7%Return on equity⁹

0.49×Debt to equity⁹

Where the money goes

Where each dollar of revenue went, fiscal 2020

Other costsProfit

Other costs77¢$911.0M
Interest10¢$117.0M
Profit13¢$154.8M

Out of $1.2B in revenue.⁸⁷

Where each dollar of operating cash went, fiscal 2020

Dividends paidKept or used elsewhere

Dividends paid13¢$61.1M
Kept or used elsewhere87¢$413.0M

Out of $474.1M of cash from operations.⁷⁸

Financial statements

Revenue⁸$1.2B in 2020+10% since 2018

Net income⁸⁹⁷$154.8M in 2020+38% since 2018

Every line of the income statement in the latest annual report, as filed.¹⁴

Period ending	2025-12-31	2024-12-31	2023-12-31
Rents and other single-family property revenues	$1.9B	$1.7B	$1.6B
General and administrative expense	$83.0M	$83.6M	$74.6M
Interest expense	$185.2M	$165.4M	$140.2M
Acquisition and other transaction costs	$12.3M	$12.2M	$16.9M
Depreciation and amortization	$504.3M	$477.0M	$456.6M
Hurricane-related charges, net	$0	$8.9M	$0
Total expenses	$1.6B	$1.5B	$1.4B
Gain on sale and impairment of single-family properties and other, net	$231.5M	$225.8M	$209.8M
Loss on early extinguishment of debt	-$396.0K	-$6.3M	$0
Other income and expense, net	$15.7M	$22.2M	$9.8M
Net income	$513.4M	$468.1M	$432.1M
Noncontrolling interest	$60.4M	$55.7M	$52.0M
Dividends on preferred shares	$13.9M	$13.9M	$13.9M
Net income attributable to common shareholders / unitholders	$439.0M	$398.5M	$366.2M
Basic (in shares)	370.6M shares	367.5M shares	362.0M shares
Diluted (in shares)	370.9M shares	368.0M shares	362.5M shares
Basic (in dollars per share)	$1.18	$1.08	$1.01
Diluted (in dollars per share)	$1.18	$1.08	$1.01

Total assets¹⁵⁸⁹$9.6B in 2020+7% since 2018

Total liabilities¹⁵⁸⁹$3.1B in 2020+3% since 2018

Shareholders’ equity¹⁵⁸⁹$5.8B in 2020+10% since 2018

Cash⁸⁹⁷$137.1M in 2020+353% since 2018

Long-term debt¹⁵⁸⁹$2.8B in 2020+0% since 2018

Every line of the balance sheet in the latest annual report, as filed.¹⁴

Period ending	2025-12-31	2024-12-31	2023-12-31
Land	$2.4B	$2.4B
Buildings and improvements	$12.0B	$11.6B
Single-family properties in operation	$14.4B	$13.9B
Less: accumulated depreciation	-$3.4B	-$3.0B
Single-family properties in operation, net	$11.0B	$10.9B
Single-family properties under development and development land	$1.2B	$1.3B
Single-family properties and land held for sale, net	$225.9M	$212.8M
Total real estate assets, net	$12.5B	$12.4B
Cash and cash equivalents	$108.5M	$199.4M	$59.4M
Restricted cash	$122.2M	$150.8M	$162.5M
Rent and other receivables	$43.1M	$48.5M
Escrow deposits, prepaid expenses and other assets	$228.0M	$337.4M
Investments in unconsolidated joint ventures	$148.9M	$159.1M
Goodwill	$120.3M	$120.3M
Total assets	$13.2B	$13.4B
Revolving credit facility	$360.0M	$0
Asset-backed securitizations, net	$0	$924.3M
Unsecured senior notes, net	$4.7B	$4.1B
Accounts payable and accrued expenses	$436.9M	$521.8M
Total liabilities	$5.5B	$5.5B
Preferred shares	$92.0K	$92.0K
Additional paid-in capital	$7.4B	$7.5B
Accumulated deficit	-$387.6M	-$380.6M
Accumulated other comprehensive income	$6.6M	$7.9M
Total shareholders' equity	$7.0B	$7.2B
Noncontrolling interest	$675.8M	$688.6M
Total equity	$7.7B	$7.8B	$7.7B
Total liabilities and equity/capital	$13.2B	$13.4B
Preferred shares, par value (in dollars per share)	$0.01	$0.01
Preferred shares, shares authorized (in shares)	100.0M shares	100.0M shares
Preferred shares, shares issued (in shares)	9.2M shares	9.2M shares
Preferred shares, shares outstanding (in shares)	9.2M shares	9.2M shares

Cash from operations⁸⁹⁷$474.1M in 2020+15% since 2018

Dividends paid⁸⁹⁷$61.1M in 2020+5% since 2018

Share buybacks⁸$0 in 2020

Every line of the cash flow in the latest annual report, as filed.¹⁴

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$513.4M	$468.1M	$432.1M
Depreciation and amortization	$504.3M	$477.0M	$456.6M
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments	$10.0M	$11.5M	$12.3M
Noncash share-based compensation	$25.8M	$31.0M	$25.4M
Loss on early extinguishment of debt	$396.0K	$6.3M	$0
Equity in net (income) loss of unconsolidated entities	-$320.0K	$6.0K	-$1.2M
Return on investment from unconsolidated joint ventures	$3.6M	$1.9M	$3.3M
Gain on sale and impairment of single-family properties and other, net	-$231.5M	-$225.8M	-$209.8M
Rent and other receivables	$1.3M	-$1.7M	$879.0K
Prepaid expenses and other assets	$22.0M	$11.2M	-$21.5M
Deferred leasing costs	-$3.6M	-$4.0M	-$3.1M
Accounts payable and accrued expenses	$18.2M	$34.4M	$44.3M
Amounts due from related parties	$690.0K	$1.5M	-$421.0K
Net cash provided by operating activities	$864.3M	$811.5M	$738.7M
Cash paid for single-family properties	-$23.6M	-$495.9M	-$12.8M
Change in escrow deposits for purchase of single-family properties	-$2.5M	$5.5M	$4.9M
Net proceeds received from sales of single-family properties and other	$630.4M	$573.2M	$469.5M
Proceeds received from storm-related insurance claims	$4.0M	$0	$4.0M
Proceeds from notes receivable related to the sale of properties	$215.0K	$540.0K	$698.0K
Investment in unconsolidated joint ventures	-$15.1M	-$19.7M	-$12.6M
Distributions from unconsolidated entities	$78.7M	$116.3M	$47.7M
Renovations to single-family properties	-$40.6M	-$34.1M	-$40.1M
Recurring and other capital expenditures for single-family properties	-$118.2M	-$121.8M	-$134.2M
Cash paid for development activity	-$810.5M	-$845.9M	-$979.8M
Cash paid for deposits on land option contracts	$0	-$653.0K	-$1.1M
Proceeds from asset-backed securitization certificates	$0	$25.7M	$0
Other investing activities	-$30.9M	-$29.2M	-$38.8M
Net cash used for investing activities	-$328.2M	-$825.9M	-$692.6M
Proceeds from issuances under share-based compensation plans	$6.1M	$6.4M	$6.5M
Payments related to tax withholding for share-based compensation	-$11.9M	-$9.0M	-$4.0M
Payments on asset-backed securitizations	-$925.8M	-$952.2M	-$24.5M
Proceeds from unsecured senior notes, net of discount	$646.4M	$1.6B	$0
Settlement of cash flow hedging instruments	$31.0K	$8.6M	$0
Payments related to liabilities to repurchase consolidated land not owned	-$54.0M	-$82.0M	$0
Distributions to noncontrolling interests	-$61.0M	-$53.3M	-$45.1M
Distributions to common shareholders	-$446.3M	-$383.5M	-$319.5M
Distributions to preferred shareholders	-$13.9M	-$13.9M	-$13.9M
Deferred financing costs paid	-$5.2M	-$25.2M	$0
Net cash (used for) provided by financing activities	-$655.7M	$142.7M	-$42.2M
Net (decrease) increase in cash, cash equivalents and restricted cash	-$119.5M	$128.4M	$3.9M
Cash payments for interest, net of amounts capitalized	-$172.2M	-$128.1M	-$128.0M
Accrued property renovations and development expenditures	$52.7M	$69.9M	$71.6M
Transfers of completed homebuilding deliveries to properties	$780.9M	$837.3M	$683.7M
Property and land contributions to unconsolidated joint ventures	-$66.0M	-$156.9M	-$46.1M
Noncash right-of-use assets obtained in exchange for operating lease liabilities	$4.6M	$1.6M	$963.0K
Accrued distributions to affiliates	$1.7M	$1.9M	$1.2M
Accrued distributions to non-affiliates	$177.0K	$149.0K	$142.0K

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How it started

History

The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage. It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012. Early funding for the company included a $600 million investment from the Alaska Permanent Fund.

In August 2013, the company became a public company via an initial public offering.

In March 2016, the company merged with American Residential Properties, Inc.

In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors.

From Wikipedia’s article on American Homes 4 Rent, shared under CC BY-SA 4.0.³

Leadership

Who has led American Homes 4 Rent, and when. Pick a name to see everywhere that person has worked.

FounderB. Wayne Hughes¹

Timeline

Aug 1, 2013Went public Listed on NYSE¹
2012Founded Founded¹

Recent filings

Sep 14, 20264
Sep 11, 2026SCHEDULE 13D/A
Sep 11, 2026SCHEDULE 13D
Sep 9, 20268-K
Aug 26, 20264
Aug 13, 20264
Aug 12, 20264
Jul 31, 202610-Q
Jul 30, 20268-K
Jun 12, 2026S-3ASR
Jun 12, 2026424B5
Jun 12, 20268-K
Jun 12, 2026424B7
Jun 9, 20264
May 28, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataAmerican Homes 4 Rent on Wikidata
2
SEC EDGARAmerican Homes 4 Rent filings on SEC EDGAR
3
WikipediaAmerican Homes 4 Rent on Wikipedia
4
SEC EDGARAmerican Homes 4 Rent 10-K for fiscal 2025
5
SEC EDGARAmerican Homes 4 Rent filings on SEC EDGAR
6
Company websiteAmerican Homes 4 Rent photo
7
SEC EDGARAmerican Homes 4 Rent 10-K for fiscal 2020
8
SEC EDGARAmerican Homes 4 Rent 10-K for fiscal 2020
9
SEC EDGARAmerican Homes 4 Rent 10-K for fiscal 2020
10
SEC EDGARAmerican Homes 4 Rent 10-Q for fiscal 2025
11
SEC EDGARAmerican Homes 4 Rent 10-Q for fiscal 2025
12
SEC EDGARAmerican Homes 4 Rent 10-Q for fiscal 2026
13
SEC EDGARAmerican Homes 4 Rent 10-Q for fiscal 2026
14
SEC EDGARAmerican Homes 4 Rent 10-K filed 2026-02-20: income statement
15
SEC EDGARAmerican Homes 4 Rent 10-K for fiscal 2018