American Homes 4 Rent
Owns, develops, and manages single-family rental homes across U.S. growth regions.
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Profile
Owns, develops, and professionally manages single-family rental homes across several U.S. growth regions. Residential rents drive the business, while the internal AMH Development Program and third-party new-home purchases expand the portfolio within an integrated development, leasing, maintenance, and property-management platform.
Owns and professionally manages single-family rental homes, generating revenue from residential rents. Property operations span the Southeast, Midwest, Southwest, and Mountain West, with leasing, maintenance, and resident service handled through an integrated platform.
Adds purpose-built rental communities through the AMH Development Program and acquires additional new homes from third-party developers through the National Builder Program. This combines homebuilding, renovation, leasing, and property management within one operating model.
Depends on occupancy, rent collection, maintenance execution, property taxes, insurance, access to land and construction capacity, and capital-market funding. Institutional ownership of single-family homes is also subject to changing federal, state, and local policy.
Company facts
Categories
Key statistics
Year to date +5.1% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Morgan Stanley | Reiterate | Overweight | $38.50 | $38 | |
| Aug 3, 2026 | RBC Capital | Reiterate | Outperform | $35 | $37 | |
| Jul 14, 2026 | Barclays | Reiterate | Equal Weight | $32 | $36 | |
| Jul 8, 2026 | UBS | Reiterate | Neutral | $32 | $35 | |
| Jun 26, 2026 | Deutsche Bank | Target | $39 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.18 | $0.31 | +72.4% | $466.5M | $470.1M | +0.8% | +0.63% |
| May 6, 2026Q1 FY26 | $0.18 | $0.48 | +172.3% | $470.6M | $472.0M | +0.3% | −0.06% |
| Feb 19, 2026Q4 FY25 | $0.22 | $0.47 | +113.9% | $459.2M | $455.0M | −0.9% | −4.37% |
| Oct 29, 2025Q3 FY25 | $0.46 | $0.47 | +2.2% | $459.2M | $478.5M | +4.2% | +0.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $459.3M | $457.5M | $478.5M | $459.3M | $472.0M | $470.1M | |
| Gross profit | $254.5M | $263.0M | $263.5M | $20.9M | $16.5M | $274.3M | |
| Operating income | $233.7M | $116.1M | $116.3M | $115.9M | $118.3M | $125.1M | |
| Net income | $113.5M | $109.0M | $102.9M | $127.3M | $131.3M | $117.1M | |
| Diluted EPS | $0.30 | $0.28 | $0.27 | $0.33 | $0.35 | $0.31 | |
| Gross margin | 55.4% | 57.5% | 55.1% | 4.6% | 3.5% | 58.4% | |
| Operating margin | 50.9% | 25.4% | 24.3% | 25.2% | 25.1% | 26.6% |
Fiscal years (4-quarter sums)FY21 $1.30B · FY22 $1.49B · FY23 $1.62B · FY24 $1.73B · FY25 $1.85B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $83.7M · Total debt $5.15B · Total assets $13.10B · Shareholders' equity $6.81B
Dividends
Raised for 11 straight years — most recently to $0.33 from $0.30 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.33 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.33 | raised from $0.30 |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.30 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.30 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.30 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.30 | raised from $0.26 |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.26 | |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.26 |
Ownership
Shares outstanding 359.18M · Float 329.07M · 91.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 45.69M | 12.72% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 28.09M | 7.82% | 13F | Aug 13, 2026 |
| Norges Bank | 22.08M | 6.15% | 13F | Aug 12, 2026 |
| Principal Financial Group Inc | 20.69M | 5.76% | 13F | Aug 4, 2026 |
| State Street Corp | 15.62M | 4.35% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Jack E. Corrigan | director | +5,800 | $22.42 |
| Aug 12, 2026 | Douglas N. Benham | director | +500 | $22.51 |
| Aug 11, 2026 | Douglas N. Benham | director | +3,500 | $23.23 |
| Aug 10, 2026 | Jack E. Corrigan | director | +5,000 | $22.80 |
| May 15, 2026 | Jack E. Corrigan | director | +1,359 | $23.40 |
Peers
- Invitation Homes
Closest public peer in institutional single-family rentals
- D.R. Horton
Competes for land, build-to-rent output, and housing demand
- Mid-America Apartment Communities
Sun Belt apartment alternative and residential developer
- Camden Property Trust
Apartment alternative in overlapping growth markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Homes 4 Rent | $33.54 | 0.00% | $12.05B | 26.6 | 44.0 | 6.4 | +2.8% |
| Invitation Homes | $28.97 | −0.93% | $17.37B | 26.8 | 38.4 | 6.1 | +9.7% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Median | 31.1 | 39.9 | 6.4 | +0.5% |