American Homes 4 Rent (AMH)
Market Price (7/8/2026): $34.0 | Market Cap: $12.4 BilSector: Real Estate | Industry: Single-Family Residential REITs
American Homes 4 Rent (AMH)
Market Price (7/8/2026): $34.0Market Cap: $12.4 BilSector: Real EstateIndustry: Single-Family Residential REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 3.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 5.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% Low stock price volatilityVol 12M is 20% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech. Themes include IoT for Buildings, Building Management Systems, and Real Estate Data Analytics. | Trading close to highsDist 52W High is -3.7% Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -65% | Key risksAMH key risks include [1] regulatory changes targeting institutional landlords through ownership limits and adverse tenant-protection laws, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 3.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 5.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech. Themes include IoT for Buildings, Building Management Systems, and Real Estate Data Analytics. |
| Trading close to highsDist 52W High is -3.7% |
| Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -65% |
| Key risksAMH key risks include [1] regulatory changes targeting institutional landlords through ownership limits and adverse tenant-protection laws, Show more. |
Qualitative Assessment
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Updated on 7/1/2026
American Homes 4 Rent (AMH) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. American Homes 4 Rent reported robust fiscal Q1 2026 earnings that significantly surpassed analyst expectations. The company announced earnings per share (EPS) of $0.48 for the quarter ended March 31, 2026, outperforming the consensus analyst estimates of $0.18 to $0.19 by approximately $0.30. Additionally, revenue increased by 2.8% year-over-year to $472.02 million, slightly exceeding analyst projections. These strong financial results, announced on May 6, 2026, indicated better-than-anticipated performance.
2. The stock benefited from multiple analyst upgrades and favorable price target revisions, driven by improving fundamentals and positive industry outlooks. On June 26, 2026, BMO Capital upgraded American Homes 4 Rent to "Outperform" from "Market Perform," maintaining a price target of $39.00, citing attractive valuation and gradually improving fundamentals. Raymond James also upgraded the stock to "Outperform" with a $35.00 price target, highlighting stronger single-family rental demand. Overall, the consensus among analysts stood at a "Moderate Buy" with an average 12-month price target of approximately $36.08.
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American Homes 4 Rent (AMH) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. American Homes 4 Rent reported robust fiscal Q1 2026 earnings that significantly surpassed analyst expectations. The company announced earnings per share (EPS) of $0.48 for the quarter ended March 31, 2026, outperforming the consensus analyst estimates of $0.18 to $0.19 by approximately $0.30. Additionally, revenue increased by 2.8% year-over-year to $472.02 million, slightly exceeding analyst projections. These strong financial results, announced on May 6, 2026, indicated better-than-anticipated performance.
2. The stock benefited from multiple analyst upgrades and favorable price target revisions, driven by improving fundamentals and positive industry outlooks. On June 26, 2026, BMO Capital upgraded American Homes 4 Rent to "Outperform" from "Market Perform," maintaining a price target of $39.00, citing attractive valuation and gradually improving fundamentals. Raymond James also upgraded the stock to "Outperform" with a $35.00 price target, highlighting stronger single-family rental demand. Overall, the consensus among analysts stood at a "Moderate Buy" with an average 12-month price target of approximately $36.08.
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Updated on 7/1/2026
American Homes 4 Rent (AMH) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. American Homes 4 Rent reported robust fiscal Q1 2026 earnings that significantly surpassed analyst expectations. The company announced earnings per share (EPS) of $0.48 for the quarter ended March 31, 2026, outperforming the consensus analyst estimates of $0.18 to $0.19 by approximately $0.30. Additionally, revenue increased by 2.8% year-over-year to $472.02 million, slightly exceeding analyst projections. These strong financial results, announced on May 6, 2026, indicated better-than-anticipated performance.
2. The stock benefited from multiple analyst upgrades and favorable price target revisions, driven by improving fundamentals and positive industry outlooks. On June 26, 2026, BMO Capital upgraded American Homes 4 Rent to "Outperform" from "Market Perform," maintaining a price target of $39.00, citing attractive valuation and gradually improving fundamentals. Raymond James also upgraded the stock to "Outperform" with a $35.00 price target, highlighting stronger single-family rental demand. Overall, the consensus among analysts stood at a "Moderate Buy" with an average 12-month price target of approximately $36.08.
3. An aggressive share repurchase program contributed to the stock's positive movement. American Homes 4 Rent executed substantial share buybacks, repurchasing 3.7 million common shares for $115 million at an average price of $31.49 per share during fiscal Q1 2026. Following the quarter, the company continued its buyback efforts, repurchasing an additional 3.2 million common shares for $94 million at an average price of $29.37 per share. Over the six months preceding May 7, 2026, a total of $360 million in common shares were repurchased, representing about 3% of total shares and units outstanding.
4. Strong operating performance and favorable macroeconomic factors in the single-family rental market bolstered investor confidence. The company demonstrated strong same-home core Net Operating Income (NOI) growth of 3.7% for fiscal Q1 2026. Leasing momentum improved, with new lease spreads increasing to 1.2% in April and average occupied days rising to 95.6% within the same-home portfolio. Furthermore, the market environment saw a decline in "build-for-rent" supply, dropping approximately 60% from peak levels, and political uncertainties surrounding housing regulations appeared to stabilize with bipartisan support maintaining the status quo for build-for-rent initiatives.
Show less
American Homes 4 Rent (AMH) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. American Homes 4 Rent reported robust fiscal Q1 2026 earnings that significantly surpassed analyst expectations. The company announced earnings per share (EPS) of $0.48 for the quarter ended March 31, 2026, outperforming the consensus analyst estimates of $0.18 to $0.19 by approximately $0.30. Additionally, revenue increased by 2.8% year-over-year to $472.02 million, slightly exceeding analyst projections. These strong financial results, announced on May 6, 2026, indicated better-than-anticipated performance.
2. The stock benefited from multiple analyst upgrades and favorable price target revisions, driven by improving fundamentals and positive industry outlooks. On June 26, 2026, BMO Capital upgraded American Homes 4 Rent to "Outperform" from "Market Perform," maintaining a price target of $39.00, citing attractive valuation and gradually improving fundamentals. Raymond James also upgraded the stock to "Outperform" with a $35.00 price target, highlighting stronger single-family rental demand. Overall, the consensus among analysts stood at a "Moderate Buy" with an average 12-month price target of approximately $36.08.
3. An aggressive share repurchase program contributed to the stock's positive movement. American Homes 4 Rent executed substantial share buybacks, repurchasing 3.7 million common shares for $115 million at an average price of $31.49 per share during fiscal Q1 2026. Following the quarter, the company continued its buyback efforts, repurchasing an additional 3.2 million common shares for $94 million at an average price of $29.37 per share. Over the six months preceding May 7, 2026, a total of $360 million in common shares were repurchased, representing about 3% of total shares and units outstanding.
4. Strong operating performance and favorable macroeconomic factors in the single-family rental market bolstered investor confidence. The company demonstrated strong same-home core Net Operating Income (NOI) growth of 3.7% for fiscal Q1 2026. Leasing momentum improved, with new lease spreads increasing to 1.2% in April and average occupied days rising to 95.6% within the same-home portfolio. Furthermore, the market environment saw a decline in "build-for-rent" supply, dropping approximately 60% from peak levels, and political uncertainties surrounding housing regulations appeared to stabilize with bipartisan support maintaining the status quo for build-for-rent initiatives.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 23.0% change in AMH stock from 3/31/2026 to 7/7/2026 was primarily driven by a 16.5% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.64 | 34.00 | 23.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,850 | 1,863 | 0.7% |
| Net Income Margin (%) | 24.5% | 25.3% | 3.2% |
| P/E Multiple | 22.6 | 26.3 | 16.5% |
| Shares Outstanding (Mil) | 370 | 364 | 1.6% |
| Cumulative Contribution | 23.0% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| AMH | 23.0% | |
| Market (SPY) | 15.0% | -6.5% |
| Sector (XLRE) | 9.9% | 73.1% |
Fundamental Drivers
The 8.2% change in AMH stock from 12/31/2025 to 7/7/2026 was primarily driven by a 2.3% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.42 | 34.00 | 8.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,832 | 1,863 | 1.7% |
| Net Income Margin (%) | 24.7% | 25.3% | 2.3% |
| P/E Multiple | 25.8 | 26.3 | 2.1% |
| Shares Outstanding (Mil) | 371 | 364 | 1.9% |
| Cumulative Contribution | 8.2% |
Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| AMH | 8.2% | |
| Market (SPY) | 9.9% | 3.8% |
| Sector (XLRE) | 12.0% | 64.3% |
Fundamental Drivers
The -1.9% change in AMH stock from 6/30/2025 to 7/7/2026 was primarily driven by a -15.3% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.65 | 34.00 | -1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,764 | 1,863 | 5.6% |
| Net Income Margin (%) | 23.4% | 25.3% | 7.9% |
| P/E Multiple | 31.1 | 26.3 | -15.3% |
| Shares Outstanding (Mil) | 370 | 364 | 1.7% |
| Cumulative Contribution | -1.9% |
Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| AMH | -1.9% | |
| Market (SPY) | 22.0% | 3.9% |
| Sector (XLRE) | 11.1% | 65.4% |
Fundamental Drivers
The 5.7% change in AMH stock from 6/30/2023 to 7/7/2026 was primarily driven by a 21.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.18 | 34.00 | 5.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,532 | 1,863 | 21.6% |
| Net Income Margin (%) | 21.7% | 25.3% | 16.5% |
| P/E Multiple | 34.9 | 26.3 | -24.6% |
| Shares Outstanding (Mil) | 360 | 364 | -1.1% |
| Cumulative Contribution | 5.7% |
Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| AMH | 5.7% | |
| Market (SPY) | 74.6% | 35.0% |
| Sector (XLRE) | 30.8% | 67.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMH Return | 47% | -29% | 22% | 7% | -11% | 7% | 30% |
| Peers Return | 69% | -33% | 6% | 16% | -8% | 9% | 40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| AMH Win Rate | 75% | 25% | 58% | 50% | 50% | 57% | |
| Peers Win Rate | 82% | 27% | 47% | 58% | 37% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| AMH Max Drawdown | -10% | -31% | -18% | -15% | -22% | -15% | |
| Peers Max Drawdown | -7% | -36% | -24% | -11% | -22% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: INVH, AVB, EQR, MAA, CPT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
| Event | AMH | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.1% | -9.5% |
| % Gain to Breakeven | 15.1% | 10.5% |
| Time to Breakeven | 18 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.8% | -6.7% |
| % Gain to Breakeven | 18.7% | 7.1% |
| Time to Breakeven | 43 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.2% | -24.5% |
| % Gain to Breakeven | 39.4% | 32.4% |
| Time to Breakeven | 700 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.1% | -33.7% |
| % Gain to Breakeven | 59.0% | 50.9% |
| Time to Breakeven | 129 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.2% | -12.2% |
| % Gain to Breakeven | 18.0% | 13.9% |
| Time to Breakeven | 29 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.8% | -6.8% |
| % Gain to Breakeven | 32.9% | 7.3% |
| Time to Breakeven | 89 days | 15 days |
In The Past
American Homes 4 Rent's stock fell -6.3% during the 2025 US Tariff Shock. Such a loss loss requires a 6.7% gain to breakeven.
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| Event | AMH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.2% | -24.5% |
| % Gain to Breakeven | 39.4% | 32.4% |
| Time to Breakeven | 700 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.1% | -33.7% |
| % Gain to Breakeven | 59.0% | 50.9% |
| Time to Breakeven | 129 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.8% | -6.8% |
| % Gain to Breakeven | 32.9% | 7.3% |
| Time to Breakeven | 89 days | 15 days |
In The Past
American Homes 4 Rent's stock fell -6.3% during the 2025 US Tariff Shock. Such a loss loss requires a 6.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About American Homes 4 Rent (AMH)
American Homes 4 Rent (AMH) is a prominent real estate investment trust (REIT) specializing in the single-family home rental sector. The company's core business involves acquiring, developing, renovating, leasing, and managing attractive single-family properties to serve as rental homes. This vertically integrated approach allows AMH to control the quality and value of its extensive portfolio.
AMH's primary offering is high-quality, well-maintained single-family homes available for rent, branded as "American Homes 4 Rent" and recognized for value and tenant satisfaction. Its target customers are individuals and families seeking convenient and reliable single-family rental housing. As of late 2020, AMH owned over 53,000 properties across selected submarkets in 22 states, establishing it as a significant landlord in various U.S. housing markets.
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1. An apartment REIT like Equity Residential, but for single-family homes.
2. Marriott or Hilton, but for rental houses instead of hotel rooms.
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- Single-Family Home Rentals: American Homes 4 Rent provides attractive single-family homes for lease to tenants across multiple U.S. states.
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American Homes 4 Rent (AMH) primarily serves individual customers. As a leader in the single-family home rental industry, the company leases its properties directly to tenants.
The major categories of individual customers it serves include:
- Families and Individuals Seeking Space and Privacy: This category encompasses renters who desire the amenities and lifestyle offered by a single-family home, such as multiple bedrooms, a yard, and greater privacy, without the long-term commitment and maintenance responsibilities of homeownership.
- Young Professionals and Couples: These customers often look for the benefits of a house, such as a dedicated home office, a backyard, or more living space, with the flexibility and convenience that renting provides, particularly in desired neighborhoods.
- Individuals and Families in Transition: This segment includes renters who are relocating for work, military service, or other life changes, as well as those who are saving for a down payment on a future home purchase and require flexible, quality housing in the interim.
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Bryan Smith - Chief Executive Officer
Bryan Smith was appointed Chief Executive Officer of American Homes 4 Rent in January 2025 and also joined the company's Board of Trustees. Prior to this, he served as Chief Operating Officer since 2019. Smith has held several leadership roles at AMH since its founding, including Senior Vice President of Acquisitions before its initial public offering in 2013, and Executive Vice President and President of Property Management. He earned a B.A. in Business Economics from the University of California, Los Angeles, and an M.B.A. from the UCLA Anderson School of Management. He is also a Certified Public Accountant (inactive) in California.
Christopher C. Lau - Chief Financial Officer and Senior Executive Vice President
Chris Lau serves as the Chief Financial Officer and Senior Executive Vice President for American Homes 4 Rent, a role he assumed effective July 1, 2018. He is responsible for all financial functions, including financial planning and analysis, accounting, financial reporting, treasury, tax, investor relations, and capital markets. Lau has been instrumental in the company's strategic direction and growth initiatives. Before becoming CFO, he held positions as Vice President, Senior Vice President, and Executive Vice President of Finance at AMH from 2013 to 2018. Prior to joining American Homes 4 Rent, Mr. Lau was a Senior Manager in Deloitte's New York Real Estate Mergers & Acquisitions Advisory practice, and also worked in Deloitte's Real Estate Audit Practice, focusing on equity REIT clients. He holds a B.S. in Accounting.
Sara H. Vogt-Lowell - Chief Administrative Officer and Chief Legal Officer
Sara Vogt-Lowell oversees communications, government affairs, human resources, sustainability, and all legal matters and transactions, including governance, regulatory, and compliance developments for American Homes 4 Rent. She joined AMH at its founding. Previously, she served as General Counsel for Malibu Management, Public Storage Canada, and American Commercial Equities. Her legal career began at the law firm of Latham & Watkins LLP in the finance and real estate department.
Lincoln Palmer - Executive Vice President and Chief Operating Officer
Lincoln Palmer holds the title of Executive Vice President and Chief Operating Officer at American Homes 4 Rent.
Zackory Johnson - Executive Vice President and Chief Investment Officer
Zackory Johnson serves as the Executive Vice President and Chief Investment Officer for American Homes 4 Rent.
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Here are the key risks to American Homes 4 Rent (AMH):
- Softening Rental Demand, Elevated New Supply, and Rising Concessions: American Homes 4 Rent faces significant risks from softening rental demand, an increase in new housing supply, and the resulting need for greater concessions to attract and retain tenants. Analysts have expressed caution regarding these trends, which could negatively impact the company's near-term earnings expectations and growth trajectory.
- Regulatory and Legislative Changes: The company is exposed to risks associated with potential regulatory and legislative changes in the real estate industry. These include possible restrictions on corporate ownership of single-family homes, alterations in zoning laws, adverse tax policies, and new regulations concerning tenant rights and rent control. Notably, proposals to ban large institutional investors from purchasing single-family homes introduce significant uncertainty to AMH's business model.
- Operational Risks and Increasing Costs: Managing a large and geographically diversified portfolio of single-family rental homes presents ongoing operational challenges. Key risks include increased operating costs due to high inflation and rising property taxes, unexpected expenses related to repairs and maintenance, and fluctuating Homeowners Association (HOA) fees. Additionally, the ability to efficiently manage property operations and maintain high occupancy rates while minimizing tenant turnover can directly impact profitability.
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American Homes 4 Rent (AMH) operates in the single-family home rental market across 22 states in the U.S.
The addressable market for single-family home rentals in the United States consists of approximately 15.7 million single-family rental homes as of a BatchData analysis in September 2025. This represents the total number of single-family homes available for rent in the U.S., which is the primary product/service offered by American Homes 4 Rent.
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Here are the expected drivers of future revenue growth for American Homes 4 Rent (AMH) over the next 2-3 years:
- Development of New Homes: American Homes 4 Rent's "Build-to-Rent" model and its AMH Development Program are significant drivers. The company plans to deliver approximately 1,900 newly constructed homes in 2026, continuing its strategy of funding new development through the proceeds from strategic property dispositions. This consistent addition of new, purpose-built homes directly expands its rental portfolio.
- Rental Rate Growth: The company anticipates continued growth in average monthly realized rents. For instance, in 2026, management expects rental rate growth to be in the 2.5% range, driven by market demand and strategic lease management initiatives.
- Occupancy Improvements: Maintaining and improving occupancy rates will be a key driver. While there was a focus on building momentum into late 2025, American Homes 4 Rent expects average occupied days to remain in the high 95% area for 2026. Efforts to control turnover rates through initiatives like lease expiration management also support stable occupancy.
- Operational Efficiencies and Technology Integration: American Homes 4 Rent is implementing AI-driven tools to enhance the leasing process, improve resident communication, and boost internal leasing efficiency. These operational improvements are expected to lead to better resident retention and optimized processes, indirectly contributing to revenue growth by improving cost management and tenant satisfaction.
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Share Repurchases
- American Homes 4 Rent authorized a new $500 million share repurchase program in February 2026, following the completion of a previous buyback program.
- The company executed a $265 million share repurchase program, acquiring 8.4 million shares in 2025.
- In January 2026, AMH repurchased an additional 3.7 million shares for $115.1 million, fully utilizing the prior share repurchase authorization.
Share Issuance
- In January 2022, American Homes 4 Rent announced an underwritten public offering of 20,000,000 Class A common shares, with an option for underwriters to purchase an additional 3,000,000 shares.
Inbound Investments
- No specific large inbound investments by third-parties into American Homes 4 Rent were identified within the last 3-5 years.
Outbound Investments
- No specific instances of American Homes 4 Rent making strategic investments in other companies were identified within the last 3-5 years.
Capital Expenditures
- American Homes 4 Rent's capital expenditures amounted to -$1.5 billion USD based on the financial report for September 30, 2025.
- The company delivered over 2,300 new homes through its in-house development program in 2025.
- For 2026, American Homes 4 Rent plans to deploy $750 million to add another 1,900 newly constructed homes, primarily funding these wholly-owned development deliveries using $400 - $600 million of recycled capital from dispositions.
Latest Trefis Analyses
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 93.87 |
| Mkt Cap | 17.4 |
| Rev LTM | 2,501 |
| Op Inc LTM | 675 |
| FCF LTM | 842 |
| FCF 3Y Avg | 820 |
| CFO LTM | 1,115 |
| CFO 3Y Avg | 1,103 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 4.3% |
| Rev Chg Q | 2.6% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | -1.2% |
| Op Inc Chg 3Y Avg | 3.0% |
| Op Mgn LTM | 27.0% |
| Op Mgn 3Y Avg | 28.5% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 49.4% |
| CFO/Rev 3Y Avg | 50.4% |
| FCF/Rev LTM | 36.7% |
| FCF/Rev 3Y Avg | 36.5% |
Price Behavior
Price Behavior
| Market Price | $34.00 | |
| Market Cap ($ Bil) | 12.4 | |
| First Trading Date | 08/01/2013 | |
| Distance from 52W High | -3.7% | |
| 50 Days | 200 Days | |
| DMA Price | $32.15 | $30.85 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 5.8% | 10.2% |
| 3M | 1YR | |
| Volatility | 20.9% | 20.1% |
| Downside Capture | -86.04 | 1.32 |
| Upside Capture | 11.36 | 0.98 |
| Correlation (SPY) | -4.5% | 4.0% |
AMH Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.35 | -0.15 | -0.08 | 0.08 | 0.07 | 0.47 |
| Up Beta | -0.74 | -0.43 | -0.14 | -0.09 | 0.04 | 0.57 |
| Down Beta | 0.11 | 0.29 | 0.34 | 0.56 | 0.18 | 0.40 |
| Up Capture | -8% | 2% | 25% | 4% | 1% | 14% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 20 | 34 | 61 | 121 | 366 |
| Down Capture | -69% | -52% | -83% | -13% | 10% | 74% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 21 | 29 | 64 | 129 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMH | |
|---|---|---|---|---|
| AMH | -0.6% | 20.1% | -0.14 | - |
| Sector ETF (XLRE) | 10.2% | 14.1% | 0.45 | 65.9% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 3.9% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | -2.8% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | -13.1% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 65.2% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | -2.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMH | |
|---|---|---|---|---|
| AMH | -0.2% | 22.4% | -0.06 | - |
| Sector ETF (XLRE) | 3.3% | 19.1% | 0.08 | 75.7% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 48.8% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 11.2% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | 7.8% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 76.0% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 17.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMH | |
|---|---|---|---|---|
| AMH | 7.9% | 23.6% | 0.32 | - |
| Sector ETF (XLRE) | 6.9% | 20.4% | 0.29 | 75.6% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 54.2% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 11.6% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 14.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 75.7% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 11.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -0.1% | -3.1% | 2.6% |
| 2/19/2026 | -4.4% | -1.7% | -10.3% |
| 10/29/2025 | 0.7% | 0.7% | 0.1% |
| 7/31/2025 | 1.4% | 0.2% | 3.3% |
| 5/1/2025 | 3.7% | 1.2% | -0.1% |
| 2/20/2025 | -1.6% | 2.1% | 2.8% |
| 10/29/2024 | -2.9% | -6.3% | 2.2% |
| 8/1/2024 | 2.5% | 4.1% | 8.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 11 | 10 | 9 |
| Median Positive | 2.1% | 1.9% | 3.4% |
| Median Negative | -1.6% | -3.2% | -1.3% |
| Max Positive | 5.7% | 6.5% | 8.0% |
| Max Negative | -4.4% | -7.5% | -10.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -0.1% | -3.1% | 2.6% |
| 2/19/2026 | -4.4% | -1.7% | -10.3% |
| 10/29/2025 | 0.7% | 0.7% | 0.1% |
| 7/31/2025 | 1.4% | 0.2% | 3.3% |
| 5/1/2025 | 3.7% | 1.2% | -0.1% |
| 2/20/2025 | -1.6% | 2.1% | 2.8% |
| 10/29/2024 | -2.9% | -6.3% | 2.2% |
| 8/1/2024 | 2.5% | 4.1% | 8.0% |
| 5/2/2024 | -1.8% | 0.0% | -1.2% |
| 2/22/2024 | 1.4% | 6.5% | 5.3% |
| 11/2/2023 | 5.7% | 3.0% | 7.2% |
| 7/27/2023 | 2.5% | 1.6% | -2.2% |
| 5/4/2023 | 4.4% | 4.2% | 3.4% |
| 2/23/2023 | -4.0% | -7.1% | -8.5% |
| 11/3/2022 | -1.4% | 4.4% | 4.6% |
| 8/4/2022 | -0.6% | 1.4% | -6.0% |
| 5/5/2022 | 0.1% | -3.8% | -0.2% |
| 2/24/2022 | 2.4% | 2.4% | 3.9% |
| 11/4/2021 | -1.6% | -0.3% | 2.4% |
| 8/5/2021 | -0.6% | -3.3% | 0.6% |
| 5/6/2021 | 1.8% | 0.1% | 5.3% |
| 2/25/2021 | -2.0% | -7.5% | 7.1% |
| 11/5/2020 | 2.1% | -1.2% | -1.3% |
| 8/6/2020 | 0.9% | -1.6% | -1.0% |
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 11 | 10 | 9 |
| Median Positive | 2.1% | 1.9% | 3.4% |
| Median Negative | -1.6% | -3.2% | -1.3% |
| Max Positive | 5.7% | 6.5% | 8.0% |
| Max Negative | -4.4% | -7.5% | -10.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/02/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Core FFO attributable to common share and unit holders | 1.89 | 1.92 | 1.95 | 0 | Affirmed | Guidance: 1.92 for 2026 | |
| 2026 Core FFO attributable to common share and unit holders growth | 1.1% | 2.7% | 4.3% | 0 | 0 | Affirmed | Guidance: 2.7% for 2026 |
| 2026 Same-Home Core revenues growth | 1.25% | 2.25% | 3.25% | 0 | 0 | Affirmed | Guidance: 2.25% for 2026 |
| 2026 Core property operating expenses growth | 1.75% | 2.75% | 3.75% | 0 | 0 | Affirmed | Guidance: 2.75% for 2026 |
| 2026 Core NOI growth | 1.0% | 2.0% | 3.0% | 0 | 0 | Affirmed | Guidance: 2.0% for 2026 |
| 2026 Wholly owned development deliveries | 1,300 | 1,400 | 1,500 | 0 | Affirmed | Guidance: 1,400 for 2026 | |
| 2026 JV development deliveries | 400 | 500 | 600 | 0 | Affirmed | Guidance: 500 for 2026 | |
| 2026 Total gross capital investment | 650.00 Mil | 750.00 Mil | 850.00 Mil | 0 | Affirmed | Guidance: 750.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Core FFO attributable to common share and unit holders | 1.89 | 1.92 | 1.95 | 2.7% | Raised | Guidance: 1.87 for 2025 | |
| 2026 Core FFO attributable to common share and unit holders growth | 1.1% | 2.7% | 4.3% | -52.2% | -3.0% | Lowered | Guidance: 5.65% for 2025 |
| 2026 Core revenues growth | 1.25% | 2.25% | 3.25% | -40.0% | -1.5% | Lowered | Guidance: 3.75% for 2025 |
| 2026 Core property operating expenses growth | 1.75% | 2.75% | 3.75% | -15.4% | -0.5% | Lowered | Guidance: 3.25% for 2025 |
| 2026 Core NOI growth | 1.0% | 2.0% | 3.0% | -50.0% | -2.0% | Lowered | Guidance: 4.0% for 2025 |
| 2026 Wholly owned development deliveries | 1,300 | 1,400 | 1,500 | ||||
| 2026 JV development deliveries | 400 | 500 | 600 | ||||
| 2026 Total gross capital investment | 650.00 Mil | 750.00 Mil | 850.00 Mil | ||||
Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Core FFO | 1.86 | 1.87 | 1.88 | 0.5% | Raised | Guidance: 1.86 for 2025 | |
| 2025 Core FFO Growth | 5.1% | 5.65% | 6.2% | 10.8% | 0.6% | Raised | Guidance: 5.1% for 2025 |
| 2025 Core Revenues Growth | 3.25% | 3.75% | 4.25% | 0 | 0 | Affirmed | Guidance: 3.75% for 2025 |
| 2025 Core Property Operating Expenses Growth | 2.75% | 3.25% | 3.75% | -13.3% | -0.5% | Lowered | Guidance: 3.75% for 2025 |
| 2025 Core NOI Growth | 3.5% | 4.0% | 4.5% | 6.7% | 0.2% | Raised | Guidance: 3.75% for 2025 |
Insider Activity
Updated 6/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Corrigan, Jack E | Child 1 | Buy | 5182026 | 23.50 | 89 | 2,092 | 314,900 | Form | |
| 2 | Corrigan, Jack E | Child 2 | Buy | 5182026 | 23.53 | 1,952 | 45,931 | 400,010 | Form | |
| 3 | Corrigan, Jack E | Child 1 | Buy | 5182026 | 23.40 | 1,311 | 30,677 | 311,477 | Form | |
| 4 | Corrigan, Jack E | Child 2 | Buy | 5182026 | 23.40 | 48 | 1,123 | 352,123 | Form | |
| 5 | Corrigan, Jack E | FBO Grandchild 7 Custodian Account | Buy | 5142026 | 23.25 | 94 | 2,186 | 2,325 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Corrigan, Jack E | Child 1 | Buy | 5182026 | 23.50 | 89 | 2,092 | 314,900 | Form | |
| 2 | Corrigan, Jack E | Child 2 | Buy | 5182026 | 23.53 | 1,952 | 45,931 | 400,010 | Form | |
| 3 | Corrigan, Jack E | Child 1 | Buy | 5182026 | 23.40 | 1,311 | 30,677 | 311,477 | Form | |
| 4 | Corrigan, Jack E | Child 2 | Buy | 5182026 | 23.40 | 48 | 1,123 | 352,123 | Form | |
| 5 | Corrigan, Jack E | FBO Grandchild 7 Custodian Account | Buy | 5142026 | 23.25 | 94 | 2,186 | 2,325 | Form | |
| 6 | Corrigan, Jack E | IRA | Buy | 5142026 | 23.25 | 400 | 9,300 | 465,000 | Form | |
| 7 | Corrigan, Jack E | Child 1 | Buy | 5142026 | 23.25 | 1,000 | 23,250 | 279,000 | Form | |
| 8 | Corrigan, Jack E | FBO Grandchild 8 Custodial Account | Buy | 5142026 | 23.25 | 100 | 2,325 | 2,325 | Form | |
| 9 | Corrigan, Jack E | FBO Grandchild 7 Custodian Account | Buy | 5142026 | 23.00 | 6 | 138 | 138 | Form | |
| 10 | Goldberg, David | IRA | Buy | 3092026 | 29.30 | 2,000 | 58,600 | 1,075,984 | Form | |
| 11 | Benham, Douglas N | IRA | Buy | 3042026 | 24.20 | 1,200 | 29,040 | 1,082,151 | Form | |
| 12 | Benham, Douglas N | IRA | Buy | 2272026 | 24.00 | 1,571 | 37,704 | 1,044,408 | Form | |
| 13 | Goldberg, David | IRA | Buy | 2262026 | 29.17 | 2,000 | 58,340 | 1,012,870 | Form | |
| 14 | Reitz, Brian | Chief Accounting Officer | Direct | Sell | 2262026 | 29.34 | 7,000 | 205,380 | 722,506 | Form |
| 15 | Corrigan, Jack E | IRA | Buy | 2252026 | 22.97 | 2,300 | 52,831 | 450,212 | Form | |
| 16 | Corrigan, Jack E | Spouse IRA | Buy | 2252026 | 22.95 | 300 | 6,885 | 29,835 | Form | |
| 17 | Corrigan, Jack E | Child 1 | Buy | 2252026 | 22.95 | 1,000 | 22,950 | 252,450 | Form | |
| 18 | Corrigan, Jack E | Child 2 | Buy | 2252026 | 22.95 | 1,000 | 22,950 | 344,250 | Form | |
| 19 | Corrigan, Jack E | FBO Grandchild 3 Custodial Account | Buy | 2252026 | 22.90 | 100 | 2,290 | 11,450 | Form | |
| 20 | Corrigan, Jack E | FBO Grandchild 4 Custodial Account | Buy | 2252026 | 22.90 | 100 | 2,290 | 9,160 | Form | |
| 21 | Corrigan, Jack E | FBO Grandchild 5 Custodial Account | Buy | 2252026 | 22.90 | 100 | 2,290 | 11,450 | Form | |
| 22 | Corrigan, Jack E | FBO Grandchild 6 Custodial Account | Buy | 2252026 | 22.90 | 100 | 2,290 | 2,290 | Form | |
| 23 | Benham, Douglas N | Direct | Buy | 2252026 | 29.15 | 2,000 | 58,300 | 997,717 | Form | |
| 24 | Corrigan, Jack E | IRA | Buy | 12112025 | 23.00 | 2,300 | 52,900 | 397,900 | Form | |
| 25 | Corrigan, Jack E | Child 1 | Buy | 12112025 | 22.90 | 700 | 16,030 | 229,000 | Form | |
| 26 | Corrigan, Jack E | Child 2 | Buy | 12112025 | 22.93 | 2,000 | 45,860 | 321,020 | Form | |
| 27 | Benham, Douglas N | IRA | Buy | 11212025 | 31.65 | 1,000 | 31,650 | 252,915 | Form | |
| 28 | Hart, Matthew J | Direct | Sell | 9112025 | 34.45 | 23,270 | 801,549 | 2,101,250 | Form | |
| 29 | Willoughby, Jay | Direct | Buy | 8132025 | 34.25 | 1,459 | 49,971 | 960,884 | Form | |
| 30 | Corrigan, Jack E | IRA | Buy | 6162025 | 22.92 | 3,000 | 68,760 | 343,800 | Form | |
| 31 | Corrigan, Jack E | Child 2 | Buy | 6162025 | 22.94 | 1,000 | 22,940 | 275,280 | Form |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Single-Family Residential REITs Resources |
| National Rental Home Council |
| HousingWire |
| BiggerPockets |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 7/7/2026