American Homes 4 Rent

AMH

$32.99

-1.29%

2026-09-02 16:00:03 EDT-$0.43

Real Estate

REIT - Residential

NYSE

Active Trading

American Homes 4 Rent (AMH, listed on the NYSE) holds a leading position in the single-family rental housing market. This company is ...

Price Action of AMH

$32.99

-1.29%-$0.43

High—

Low—

52W High-5.9%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

American Homes 4 Rent (AMH), headquartered in Las Vegas, Nevada, is a leading internally managed real estate investment trust (REIT) focused on single-family rental housing. Founded in 2012 by B. Wayne Hughes, the company has grown to become one of the largest owners of single-family rental homes in the United ...American Homes 4 Rent (AMH), headquartered in Las Vegas, Nevada, is a leading internally managed real estate investment trust (REIT) focused on single-family rental housing. Founded in 2012 by B. Wayne Hughes, the company has grown to become one of the largest owners of single-family rental homes in the United States, with over 60,000 properties in 22 states. AMH's business model involves strategic acquisition, development, refurbishment, leasing, and ongoing management of high-quality rental homes. The company aims to provide superior quality, excellent value, and high tenant satisfaction. As of late 2024, AMH had a market capitalization of over $12 billion, with a strong financial profile including an enterprise value of approximately $17.5 billion. The company generates revenue primarily through rental income, with a gross profit margin of about 30.6% and a net profit margin of 25.5%. AMH has a price-to-earnings ratio of around 27.5 and offers a dividend yield of approximately 3.6%. Under the leadership of CEO Bryan Smith, who took over in January 2025, AMH continues to expand its portfolio and enhance its digital platform to improve tenant experience. The company employs approximately 1,730 people and is listed on the New York Stock Exchange. AMH's properties are designed to support a better quality of life, with many communities being newly built. The company also emphasizes operational efficiency, with a debt-to-equity ratio of 0.756 and a current ratio of 1.61, indicating solid liquidity. AMH faces competition from other SFR REITs but maintains a strong brand and market position. The company also focuses on sustainability and community building, aiming to elevate single-family living standards.ExpandCollapse

Founded

2012

Employees

1598

CEO

Bryan Smith

Full Name

American Homes 4 Rent

Sector

Real Estate

Industry

REIT - Residential

ROE

6.85%

Market Cap

$11.85B

Current Ratio

1.61

WACC

7.03%

ROIC

5.64%

Contact Information

https://www.amh.com

805-413-5300

280 Pilot Road, Las Vegas, NV 89119-4012

Key Metrics of AMH

Snapshot

Latest / TTM · 6 periods

Market Cap

$11.85B

ROCE

3.8%

EV / EBITDA

14.05x

+0.4% YoY

FCF Yield

7.9%

+1.6% YoY

Cash Conversion Cycle

8.7d

Current Ratio

1.61

Quick take

TTM —

Positive CCC

Financial Highlights of AMH

Profitability trend

Latest / TTM · 6 periods

Gross Margin

30.6%

Net Margin

25.5%

P/E Ratio

25.96x

n/a

Debt / Equity

0.76

n/a

Current Ratio

1.61

Dividend Yield

3.9%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of AMH

Upcoming

Sep 15, 2026In 11 days
Ex-dividend date
$1.26 per share
Sep 30, 2026In 26 days
Dividend payment
$1.26 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.19 · Revenue $488.85M · 4 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.20 · Revenue $473.82M · 4 analysts

Recent history

Jul 31, 2026
Q2 FY2026 · Results reported
EPS $0.31 · Revenue $470.10M
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $0.35 · Revenue $472.02M
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $1.18 · Revenue $1.87B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $0.27 · Revenue $478.46M
View filing
Aug 1, 2025
Q2 FY2025 · Results reported
EPS $0.28 · Revenue $457.50M
View filing
May 2, 2025
Q1 FY2025 · Results reported
EPS $0.30 · Revenue $459.28M
View filing

Financial Statements of AMH

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.9B	+8.0%	-0.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$453.0M	+9.8%	-10.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+3.4%	-93.9%	+1573.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+24.2%	-52.1%	+6.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+24.3%	+1.7%	-10.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$746.1M	+8.2%	+75.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+40.0%	+0.2%	+76.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	72.9%	+3.8%	+1.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	62.90x	+6215.3%	+393.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$13.2B	-1.0%	-0.5%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.18 vs 1.02	+16.1%	0.31 vs 0.19	+65.1%
Revenue Surprise	$1.9B vs $1.9B	+0.7%	$470.1M vs $488.8M	-3.8%

Insider Transactions of AMH

Acquisitions (A)

Since Aug 10, 2026

Disposals (D)

Since Aug 10, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 24, 2026	CORRIGAN JACK E	director	Series G Perpetual Preferred Shares	A	1,000	$22.39
Aug 24, 2026	CORRIGAN JACK E	director	Series G Perpetual Preferred Shares	A	2,000	$22.43
Aug 24, 2026	CORRIGAN JACK E	director	Series G Perpetual Preferred Shares	A	1,800	$22.46
Aug 24, 2026	CORRIGAN JACK E	director	Series G Perpetual Preferred Shares	A	700	$22.39
Aug 24, 2026	CORRIGAN JACK E	director	Series G Perpetual Preferred Shares	A	100	$22.39

Earnings Call Transcript of AMH

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Greetings, and welcome to the AMH's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. The question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the conference over to Nicholas Fromm, Vice President of Investor Relations. Thank you, Nick. You may begin. Nicholas Fromm: Good morning. Thank you for joining us for our second quarter 2026 earnings conference call. With me today are Bryan Smith, Chief Executive Officer, Chris Lau, Chief Financial Officer, and Lincoln Palmer, Chief Operating Officer. Please be advised that this call may include forward-looking statements. All statements other than statements of historical fact included in this conference call are forward-looking statements that are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected in these statements. These risks and other factors that could adversely affect our business and future results are described in our press releases and in our filings with the SEC. All forward-looking statements speak only as of today, July 31st, 2026. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. A reconciliation of GAAP to non-GAAP financial measures is included in our earnings press release and supplemental information package. As a note, our operating and financial results, including GAAP and non-GAAP measures, are fully detailed in our earnings release and supplemental information package. You can find these documents as well as SEC reports and the audio webcast replay of this conference call on our website at www.amh.com. With that, I will turn the call over to our CEO, Bryan Smith. Bryan Smith: Welcome, everyone. Thank you for joining us today. Before we get into our results, I would like to briefly touch on the Road to Housing Act, which went into law last month following overwhelming bipartisan support. This law reflects a thoughtful approach by policymakers to address housing affordability and allows the industry to move forward with greater certainty. It recognizes the important role that single-family rentals play in the broader housing ecosystem and reinforces a number of aspects of our value proposition. First, it recognizes the role of new home construction in helping to address housing affordability. This highlights the importance of our in-house development program that continues to add newly built, high-quality homes across the country. Second, by grandfathering in existing single-family rental homes, the legislation acknowledges that professionally managed rental housing is a critical element of our country's housing landscape. Millions of …

Leadership Team of AMH

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Bryan Smith	Chief Executive Officer & Trustee	USD 2,420,478	Male	1974	Active
Christopher C. Lau	Chief Financial Officer & Senior EVice President	USD 1,812,721	Male	1982	Active
Sara H. Vogt-Lowell	Chief Legal & Administrative Officer and Secretary	USD 1,427,280	Female	1975	Active
Zackory Johnson	Executive Vice President & Chief Investment Officer	—	Male	—	Active
Lisa Phelps	Executive VP & Chief Human Resources Officer	—	Female	—	Active
Nicholas Fromm	Director of Investor Relations	—	—	—	Active
Philip Irby	Executive Vice President & Chief Technology Officer	—	Male	—	Active
Lincoln Palmer	Executive Vice President & Chief Operating Officer	—	—	—	Active
Brian F. Reitz	Executive Vice President & Chief Accounting Officer	—	Male	1981	Active
Raymond F. Huning	Executive Vice President of Corporate Tax	—	Male	—	Active

Recent News of AMH

Zacks Investment Research8/26/2026Neutral

Zacks Industry Outlook Essex Property, Equity LifeStyle and American Homes

Essex Property, Equity LifeStyle and American Homes have been highlighted in this Industry Outlook article.

Zacks Investment Research8/24/2026Neutral

3 Residential REITs Worth Considering as the Industry Recovers

ESS, ELS and AMH stand to benefit as apartment supply slows, occupancy stays strong and residential REIT fundamentals improve.

Defense World8/24/2026Neutral

Danske Bank A S Sells 35,145 Shares of American Homes 4 Rent $AMH

Danske Bank A S lowered its holdings in American Homes 4 Rent (NYSE: AMH) by 93.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,400 shares of the real estate investment trust's stock after selling 35,145 shares during the

Seeking Alpha8/23/2026Neutral

American Homes 4 Rent: Regulatory Clarity Creates A Compelling Buying Opportunity

American Homes 4 Rent is a Buy due to attractive valuation and regulatory clarity supporting scale advantages. AMH demonstrates strong Q2 occupancy at 96.1%, positive lease spreads, and disciplined expense growth, driving core FFO/share up 5.2% YoY. The ROAD to Housing Act limits new competitors, while AMH leverages its build-to-rent program and explores third-party management for capital-light growth.

Seeking Alpha8/21/2026Neutral

American Homes 4 Rent: Affordability Pressures Support Rental Demand

American Homes 4 Rent remains attractive despite regulatory headwinds, offering stable growth and a secure 3.8% dividend yield. New legislation restricts institutional SFR growth but grandfathers AMH's portfolio, enabling continued build-to-rent expansion and potential sector consolidation. AMH's Q2 results showed 2.7% same-property NOI growth, 96% occupancy, and raised FFO guidance to $1.93–1.97, supporting a positive long-term outlook.

Historical Employee Count of AMH

Current

1,598

Change

-7.63%

Minimum

1,538

Maximum

1,794

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	1,598	10-K	Feb 20, 2026	View
Dec 31, 2024	1,730	10-K	Feb 21, 2025	View
Dec 31, 2023	1,725	10-K	Feb 23, 2024	View
Dec 31, 2022	1,794	10-K	Feb 24, 2023	View
Dec 31, 2021	1,538	10-K	Feb 25, 2022	View

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American Homes 4 Rent