American Homes 4 Rent (AMH)
American Homes 4 Rent is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on developing, renovating, leasing and managing homes as rental properties. As of June 30, 2026, we owned over 61,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States. American Homes 4 Rent was established on October 19, 2012 and incorporated in Maryland and is based in Las Vegas, United States.
- Symbol
- AMH
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Residential
- Market cap
- $11.15B
- 52 week range
- 27.22 - 35.07
Valuation
- Share price
- $30.93 (close of 2026-09-23)
- P/E (TTM)
- 24.55x
- Price to book
- 1.49x
- Price to free cash flow
- 12.90x
- Enterprise value
- $16.22B
- Book value per share
- $20.74
Price performance
| Period | Change |
|---|
| 1 day | -0.99% |
| 5 days | -2.18% |
| 1 month | -9.96% |
| 3 months | -4.71% |
| 6 months | +12.31% |
| Year to date | -3.64% |
| 1 year | -7.73% |
| 3 years | -9.88% |
| 5 years | -22.64% |
| 10 years | +41.88% |
| All time | +98.27% |
Profitability and growth
- Return on equity
- 6.66%
- Return on assets
- 3.88%
- Net income growth
- 9.67%
- Free cash flow growth
- 6.51%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 7.75%
- Net debt to EBITDA
- 4.08x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- EBITDA
- $1.20B
- Net income
- $513.39M
- Earnings per share
- $1.18
- Interest expense
- $185.20M
- Shares outstanding
- 370.56M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | - | $513.39M | $1.18 |
| 2024-12-31 | - | $468.14M | $1.08 |
| 2023-12-31 | - | $432.14M | $1.01 |
| 2022-12-31 | - | $310.02M | $0.72 |
| 2021-12-31 | - | $210.56M | $0.42 |
| 2020-12-31 | $1.18B | $154.83M | $0.28 |
| 2019-12-31 | $1.14B | $156.26M | $0.29 |
| 2018-12-31 | $1.07B | $112.44M | $0.08 |
| 2017-12-31 | $960.40M | $76.49M | $-0.08 |
| 2016-12-31 | $878.89M | $10.45M | $-0.14 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | - | 6.66% |
| 2024-12-31 | - | 5.96% |
| 2023-12-31 | - | 5.65% |
| 2022-12-31 | - | 4.32% |
| 2021-12-31 | - | 3.12% |
| 2020-12-31 | 13.09% | 2.39% |
| 2019-12-31 | 13.67% | 2.60% |
| 2018-12-31 | 10.48% | 1.88% |
| 2017-12-31 | 7.96% | 1.30% |
| 2016-12-31 | 1.19% | 0.21% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $108.52M | $5.10B |
| 2024-12-31 | $199.41M | $5.01B |
| 2023-12-31 | $59.38M | $4.46B |
| 2022-12-31 | $69.16M | $4.52B |
| 2021-12-31 | $48.20M | $3.88B |
| 2020-12-31 | $137.06M | $2.82B |
| 2019-12-31 | $37.58M | $2.83B |
| 2018-12-31 | $30.28M | $2.80B |
| 2017-12-31 | $46.16M | $2.48B |
| 2016-12-31 | $118.80M | $2.92B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $864.33M | $25.82M |
| 2024-12-31 | $811.53M | $30.98M |
| 2023-12-31 | $738.69M | $25.37M |
| 2022-12-31 | $665.52M | $27.31M |
| 2021-12-31 | $595.20M | $17.79M |
| 2020-12-31 | $474.10M | $9.83M |
| 2019-12-31 | $457.89M | $4.81M |
| 2018-12-31 | $410.88M | $3.43M |
| 2017-12-31 | $385.96M | $4.21M |
| 2016-12-31 | $278.87M | $3.64M |
Dividend history
- Most recent payment
- 2026-09-15
- Paid in the last twelve months
- $1.29
| Payment date | Dividend per share |
|---|
| 2026-09-15 | $0.33 |
| 2026-06-15 | $0.33 |
| 2026-03-13 | $0.33 |
| 2025-12-15 | $0.30 |
| 2025-09-15 | $0.30 |
| 2025-06-13 | $0.30 |
| 2025-03-14 | $0.30 |
| 2024-12-13 | $0.26 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.47
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $0.47 |
| 2026-05-06 | - | - |
| 2026-02-19 | - | - |
| 2025-10-29 | - | - |
| 2025-07-31 | - | - |
| 2025-07-30 | - | - |
| 2025-05-01 | - | - |
| 2025-04-30 | - | - |
Filings and sources
- Company website
- amh.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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