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.

Ticker: AMH
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Residential
Market cap: $11.73B
52-week range: $27.22 - $35.07

Valuation

Share price: $32.82 (close of Nov 6, 2026)
P/E (TTM): 26.90x
Price to book: 1.59x
Price to free cash flow: 13.33x
Enterprise value: $16.84B
Book value per share: $20.61

Price performance

Period	Change
1 day	-0.82%
5 days	+3.86%
1 month	+7.71%
3 months	-5.01%
6 months	+1.17%
Year to date	+2.24%
1 year	+3.89%
3 years	-6.42%
5 years	-17.68%
10 years	+54.45%
All time	+110.38%

Short interest

As of: Oct 15, 2026
Short % of float: 5.43%
Shares short: 13.36M
Days to cover: 5.02
Change since prior report: -3.39%
Source: FINRA consolidated short interest

Members of Congress who disclosed AMH trades

Lisa McClain · Ritchie Torres

Super investors holding AMH

Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers) · Third Avenue Management (Third Avenue Management LLC)

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): 7.50%
Net debt to EBITDA: 4.17x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
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: Sep 15, 2026
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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.47
2026-07-30	Jun 2026	$0.47
2026-05-06	Mar 2026	$0.48
2026-02-19	Dec 2025	$0.47
2025-10-29	Sep 2025	$0.46
2025-07-31	Jun 2025	$0.46
2025-05-01	Mar 2025	$0.45
2025-02-20	Dec 2024	$0.45

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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