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Companies / Real Estate / American Homes 4 Rent
AMH

American Homes 4 Rent

Ticker AMHLAS VEGAS, NVFiscal year ends DecemberBook value per share $18.53Diluted shares 361.7M

American Homes 4 Rent (NYSE: AMH) is a real estate investment trust that develops, renovates, leases and manages single-family homes as rental properties across the United States. Its homes serve residential tenants, and the company directly manages its properties, including those held through unconsolidated joint… From the company’s description.

Over the twelve months to Sep 30, 2026, American Homes 4 Rent reported revenue of $1.90B, up 3.5% from a year earlier, and net income of $523.32M. Its operating margin was 25.4%, and operations generated $879.90M in cash. In fiscal 2025, it reported revenue of $1.85B, up 7.0% from fiscal 2024, and net income of $513.39M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.85BFY2025
+7.0% year over year
Last 12 mo $1.90B
24.42%FY2025
+11.3 percentage points
Last 12 mo 25.40%
$513.39MFY2025
+9.7% year over year
Last 12 mo $523.32M
7.30%FY2025
+0.8 percentage points
Last 12 mo 7.81%
Cash & financing
$864.33MFY2025
+6.5% year over year
Last 12 mo $879.90M
$705.47MFY2025
+7.6% year over year
Last 12 mo $726.85M
0.72FY2025
Was 0.70× a year earlier
Last 12 mo 0.77
370.9MFY2025
+0.8% year over year
Last 12 mo 361.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What American Homes 4 Rent does

In the company’s own words

American Homes 4 Rent (NYSE: AMH) is a real estate investment trust that develops, renovates, leases and manages single-family homes as rental properties across the United States. Its homes serve residential tenants, and the company directly manages its properties, including those held through unconsolidated joint ventures. The business includes an internal development program that builds homes specifically for rental, as well as selective purchases of homes from third-party developers and other owners. As of December 31, 2025, the company held 61,479 properties across 24 states, excluding 3,785 additional properties in unconsolidated joint ventures, and had 56,756 occupied properties. It operates through American Homes 4 Rent, the publicly traded REIT, and its operating partnership, which owns substantially all company assets and conducts substantially all operations; management treats them as one business. The company launched its AMH Development Program in 2017 and has developed more than 14,000 built-for-rental homes through the program. Its website is www.amh.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
1562401
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-242.26M$340.68M$923.62M$1.51B$2.09B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns American Homes 4 Rent — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

392
funds hold it
0 of 35
superinvestors hold it
$4.19B
held by funds, at market
35.8%
of shares held by funds
10
bond issues held by funds

Largest fund holders · American Homes 4 Rent’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.29%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.13%of fund net assets
Real Estate Securities Fund
PRERX · Principal Funds, Inc
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

American Homes 4 Rent’s bonds, as funds hold them

Funds report holding 10 issues of American Homes 4 Rent’s debt, $1.18B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.55%, maturing 2028 to 2052.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do American Homes 4 Rent and its peers compare on margins and cash generation over ten years?”
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