Thursday 5 November 2026 Export AMH’s income statement to Excel — free account

American Homes 4 Rent

American Homes 4 Rent’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 7.03% from fiscal 2024.

Revenue: +2.75%
EPS: +10.7%
Free cash flow: +24.8%
Total debt: −0.55%

Quarter to June 2026, against a year earlier

32.71 1.19 +3.78%

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Market cap: $11.7B
P/E: 26.0×
Fwd P/E: 32.4×
Dividend yield: 3.94%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

American Homes 4 Rent (AMH) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2018: revenue by products and services, and margins
Rent From Single Family Properties	909	84.72%
Tenant Charge-backs	147	13.68%
Fees From Single-Family Properties	11	1.02%
Other Revenue	6	0.58%
Gross margin		54.56%
Operating margin		20.28%
Pre-tax margin		10.48%

Revenue by product or service $m

Line	FY2018	FY2017	FY2016
Rent From Single Family Properties	909 84.72%	824 85.80%	758 86.20%
Tenant Charge-backs	147 13.68%	120 12.50%	95 10.84%
Fees From Single-Family Properties	11 1.02%	11 1.12%	10 1.16%
Other Revenue	6 0.58%	6 0.58%	16 1.80%
Revenue	1,073	960	879

Gross profit by product or service $m, and margin

	FY2018	FY2017	FY2016
Property operating expenses	‡	‡	‡
Property management expenses	‡	‡	‡
Gross profit	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q3 FY2026	$0.45	$0.42	+7.14%
AMH Development Program deliveries	Q3 FY2026	498.00	651.00	−23.50%
Blended rate growth	Q3 FY2026	2.60%	3.60%	—
FFO a share	Q3 FY2026	$0.48	$0.45	+6.67%
Homes acquired	Q4 FY2025	17.00	6.00	+183.33%
Homes identified for sale	Q3 FY2026	243.00	—	—
Homes sold to third parties	Q3 FY2026	291.00	395.00	−26.33%
Joint venture development deliveries	Q3 FY2026	111.00	112.00	−0.89%
Properties held for sale	Q3 FY2026	665.00	1.0K	−35.31%
Properties held in unconsolidated joint ventures	Q3 FY2026	4.1K	3.7K	+9.33%
Rate growth on new leases	Q3 FY2026	1.00%	2.50%	—
Rate growth on renewals	Q3 FY2026	3.30%	4.00%	—
Same-home average monthly realized rent per property growth	Q3 FY2026	2.40%	3.50%	—
Same-home average occupied days percentage	Q3 FY2026	96.0%	95.9%	—
Wholly-owned development deliveries	Q3 FY2026	387.00	539.00	−28.20%
Wholly-owned portfolio homes	Q3 FY2026	60.6K	60.7K	−0.06%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AMH Development Program deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Blended rate growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Homes acquired	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Homes identified for sale	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Homes sold to third parties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Joint venture development deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Properties held for sale	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Properties held in unconsolidated joint ventures	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rate growth on new leases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rate growth on renewals	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same-home average monthly realized rent per property growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same-home average occupied days percentage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wholly-owned development deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wholly-owned portfolio homes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.