REITResearch

American Homes 4 Rent AMH

Listed / Traded Residential NYSE Mgmt:

AMH (NYSE: AMH) 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.

Snapshot

Price
$31.83
Market cap
$11.43B
Enterprise value
$16.51B
Dividend yieldi
4.15%
Annual dividendi
$1.32
Frequency
Quarterly
FFO / sharei
$1.87 · Q1 2026
Core FFO / sharei
$1.87 · Q1 2026
Net debt / EBITDAi
5.30x · Adj. EBITDA
Op. cash flow / sharei
$2.33
Price / OCFi
13.66
Payout (% of OCF)i
56.64%
Debt / book capitali
42.62%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-28) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-152026-06-152026-06-30 2026-05-14$0.33Quarterly
2026-03-132026-03-132026-03-31 2026-02-12$0.33Quarterly
2025-12-152025-12-152025-12-31 2025-11-05$0.30Quarterly
2025-09-152025-09-152025-09-30 2025-08-20$0.30Quarterly
2025-06-132025-06-132025-06-30 2025-05-07$0.30Quarterly
2025-03-142025-03-142025-03-31 2025-02-12$0.30Quarterly
2024-12-132024-12-132024-12-31 2024-11-06$0.26Quarterly
2024-09-132024-09-132024-09-30 2024-08-22$0.26Quarterly
2024-06-142024-06-142024-06-28 2024-05-09$0.26Quarterly
2024-03-142024-03-152024-03-28 2024-02-21$0.26Quarterly
2023-12-142023-12-152023-12-29 2023-10-30$0.22Quarterly
2023-09-142023-09-152023-09-29 2023-08-01$0.22Quarterly
2023-06-142023-06-152023-06-30 2023-05-09$0.22Quarterly
2023-03-142023-03-152023-03-31 2023-02-10$0.22Quarterly
2022-12-142022-12-152022-12-30 2022-11-10$0.18Quarterly
2022-09-142022-09-152022-09-30 2022-08-03$0.18Quarterly
2022-06-142022-06-152022-06-30 2022-05-03$0.18Quarterly
2022-03-142022-03-152022-03-31 2022-02-17$0.18Quarterly
2021-12-142021-12-152021-12-31 2021-11-04$0.10Quarterly
2021-09-142021-09-152021-09-30 2021-08-04$0.10Quarterly
2021-06-142021-06-152021-06-30 2021-05-06$0.10Quarterly
2021-03-122021-03-152021-03-31 2021-02-24$0.10Quarterly
2020-12-312021-01-042021-01-11 2020-11-12$0.05Quarterly
2020-09-142020-09-152020-09-30 2020-08-05$0.05Quarterly

Coverage (payout of operating cash flow): 56.64%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$5.13B
Cash
$108.52M
Net debt / EBITDAi
4.09x
Debt / book capitali
42.62%
Total assets
$13.24B
Total equity
$7.03B

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $1.87B $452.97M $504.34M $1.20B $864.33M
2024 $1.73B $412.43M $473.61M $874.31M $811.53M
2023 $1.62B $380.17M $453.55M $806.26M $738.69M
2022 $1.49B $273.14M $423.83M $731.54M $665.52M
2021 $1.30B $189.09M $368.95M $640.72M $595.20M
2020 $1.17B $140.37M $339.05M $570.44M $474.10M

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.