American Homes 4 Rent (AMH) Company Report

American Homes 4 Rent (AMH) provided 2026 full-year guidance, projecting Core FFO per share and unit at $1.92 (midpoint), reflecting 2.7% growth over the prior year, and anticipating Same-Home Core revenues growth of 2.25%.
The company's Board authorized a new $500 million share repurchase program in February 2026, after fully utilizing its previous program by repurchasing approximately 2% of shares and units outstanding in late 4Q25 and January 2026 at an average price of $31.65.
AMH reported a strong financial position with an investment-grade balance sheet (Moody's: Baa2 / Stable, S&P Global: BBB / Stable), no debt maturities until 2028, and $890 million of undrawn capacity under its revolving credit facility as of December 31, 2025.
For 2026, AMH expects 1,700 – 2,100 total development deliveries with a total gross capital investment of $750 million at the midpoint, and reported February QTD blended lease spreads of 2.3% and 95.0% average occupied days.

7 hours ago

8-K

American Homes 4 Rent Reports Q4 and Full Year 2025 Results and Provides 2026 Guidance

AMH

Earnings

Guidance Update

Share Buyback

American Homes 4 Rent reported Core FFO per share of $0.47 for Q4 2025, a 4.1% year-over-year increase, and $1.87 for the full year 2025, up 5.4%.
For 2026, the company expects Core FFO per share of $1.89-$1.95, representing 2.7% year-over-year growth at the midpoint, and Same-Home Core NOI growth of 2%.
AMH plans to deliver approximately 1,900 newly constructed homes in 2026, investing $750 million in its development program, with $550 million for wholly owned homes funded by recycled capital from dispositions. Development yields for 2025 ended around 5.3%, with similar yields expected for 2026.
The company utilized its $265 million share repurchase authorization in Q4 2025 and January 2026, repurchasing 8.4 million common shares at $31.65 per share, and its board approved a new $500 million authorization.
AMH noted downward pressure on rate and occupancy heading into early 2026 due to seasonal demand moderation and elevated supply, with January 2026 blended spreads at 2.4% and same-home average occupied days at 95%.

7 days ago

Transcript

American Homes 4 Rent Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

AMH

Earnings

Guidance Update

Share Buyback

American Homes 4 Rent (AMH) reported Q4 2025 Core FFO per share of $0.47, representing 4.1% year-over-year growth, and full-year 2025 Core FFO per share of $1.87, marking 5.4% year-over-year growth.
For full-year 2026, AMH expects Core FFO per share and unit between $1.89 and $1.95, with the midpoint representing 2.7% year-over-year growth, and anticipates Same-Home Core NOI growth of 2% at the midpoint.
In 2025, the company delivered over 2,300 homes from its Development Program and sold 1,827 properties for $570 million in net proceeds. For 2026, AMH plans to deliver approximately 1,900 newly constructed homes and expects similar disposition activity.
AMH utilized its remaining $265 million share repurchase authorization in Q4 2025 and January 2026, repurchasing 8.4 million common shares at $31.65 per share, and its board recently approved a new $500 million share repurchase authorization.

7 days ago

Transcript

American Homes 4 Rent Reports Q4 and Full Year 2025 Results and Issues 2026 Guidance

AMH

Earnings

Guidance Update

Share Buyback

American Homes 4 Rent (AMH) reported full-year 2025 Core FFO per share of $1.87, a 5.4% year-over-year increase, and Q4 2025 Core FFO per share of $0.47, up 4.1% year-over-year.
For full-year 2026, AMH issued guidance for Core FFO per share and unit between $1.89 and $1.95, with the midpoint reflecting 2.7% year-over-year growth.
The 2026 Same-Home portfolio guidance anticipates Core revenues growth of 2.25% and Core NOI growth of 2% at the midpoint, with Average Occupied Days in the high 95% area.
AMH plans to deploy approximately $750 million in 2026 to add around 1,900 newly constructed homes through its development program, funded by recycled capital from dispositions.
The company fully utilized a $265 million share repurchase authorization in late 2025 and early 2026, buying back 8.4 million common shares at $31.65 per share, and the board approved a new $500 million authorization.

7 days ago

Transcript

AMH Reports Q4 and Full Year 2025 Results, Raises Dividend, and Provides 2026 Guidance

AMH

Earnings

Guidance Update

Share Buyback

AMH reported Q4 2025 rents and other single-family property revenues of $455.0 million, a 4.2% year-over-year increase, and full year 2025 revenues of $1.85 billion, up 7.0%. Net income attributable to common shareholders for Q4 2025 was $123.8 million ($0.33 per diluted share) and for full year 2025 was $439.0 million ($1.18 per diluted share). Core FFO per share and unit for Q4 2025 increased 4.1% to $0.47, and for full year 2025 was $1.87. Core Net Operating Income (NOI) from Same-Home properties increased 3.5% year-over-year in Q4 2025, with a Same-Home Average Occupied Days Percentage of 95.0%.
The company repurchased 4.7 million Class A common shares for $150.0 million in Q4 2025 and an additional 3.7 million shares for $115.1 million in January 2026. A new share repurchase program of up to $500.0 million for Class A common shares and up to $250.0 million for preferred shares was authorized in February 2026.
AMH raised its common share dividend by 10% to $0.33 per share for the first quarter of 2026.
For full year 2026, AMH provided guidance for Core FFO per share and unit between $1.89 and $1.95, representing a growth of 1.1% - 4.3%. Same-Home core revenues are projected to grow 1.25% - 3.25%, and Same-Home Core NOI is expected to grow 1.00% - 3.00%.

Feb 19, 2026, 9:17 PM

8-K

American Homes 4 Rent Reports Q4 and Full Year 2025 Results, Increases Dividend, and Provides 2026 Guidance

AMH

Earnings

Dividends

Guidance Update

AMH reported net income of $123.8 million or $0.33 per diluted share for Q4 2025, and $439.0 million or $1.18 per diluted share for the full year 2025. Core FFO per FFO share and unit was $0.47 for Q4 2025 and $1.87 for the full year 2025.
The company announced a 10% increase in its common share dividend to $0.33 per share for the first quarter of 2026.
AMH repurchased 4.7 million Class A common shares for $150.0 million in Q4 2025 and an additional 3.7 million shares for $115.1 million in January 2026. A new share repurchase program was authorized in February 2026 for up to $500.0 million of Class A common shares and up to $250.0 million of preferred shares.
For full year 2026, AMH provided guidance for Core FFO attributable to common share and unit holders between $1.89 and $1.95, representing a growth of 1.1% to 4.3%.
The company plans to deliver 1,300 to 1,500 wholly-owned newly constructed homes through its AMH Development Program in 2026, with an estimated investment of $500 million to $600 million.

Feb 19, 2026, 9:08 PM

Press Release

AMH Announces 10% Increase in Quarterly Dividend

AMH

Dividends

AMH's Board of Trustees declared a 10 percent increase in the quarterly dividend rate for common shares, setting it at $0.33 per share for the first quarter of 2026.
This dividend is scheduled to be payable on March 31, 2026, to shareholders of record as of March 13, 2026.
Quarterly distributions were also declared for preferred shares, with $0.36719 per share for 5.875% Series G and $0.39063 per share for 6.250% Series H, payable on the same date.

Feb 13, 2026, 1:59 AM

Press Release

American Homes 4 Rent Reports Q3 2025 Highlights and Updates 2025 Guidance

AMH

Guidance Update

Share Buyback

New Projects/Investments

American Homes 4 Rent (AMH) expects Full Year 2025 Core FFO per share and unit growth of 5.6% at the midpoint of guidance, with Same-Home Core Revenues Growth projected at 3.75%.
As of September 30, 2025, AMH reported a strong balance sheet with $1.14 billion of undrawn capacity under its revolving credit facility and a Net Debt and Preferred Shares to Adjusted EBITDAre ratio of 5.1x. The company also completed the payoff of its final asset-backed securitization in Q3 2025, resulting in a fully unencumbered balance sheet.
In the fourth quarter of 2025 to date, AMH repurchased approximately $100 million of its stock at an average share price of approximately $32 and accelerated its disposition program, with proceeds tracking to the high-end of the $400 million to $500 million range.
AMH owned over 61,000 single-family properties as of September 30, 2025, and expects 2,200 – 2,400 development deliveries in 2025.

Dec 3, 2025, 9:17 PM

8-K

American Homes 4 Rent Reports Strong Q3 2025 Results and Raises Full-Year Guidance

AMH

Earnings

Guidance Update

New Projects/Investments

American Homes 4 Rent (AMH) reported Q3 2025 core FFO per share of $0.47, a 6.2% year-over-year increase, and adjusted FFO of $0.42, up 9.1%. The company raised its full-year 2025 core FFO per share guidance by $0.01 to $1.87 at the midpoint, representing 5.6% growth.
In Q3 2025, AMH achieved 3.8% same home core revenue growth and 4.6% same home core NOI growth, driven by 95.9% same home average occupied days and a 3.6% blended rental rate spread. Full-year same home core NOI growth expectations were increased to 4%.
The company's balance sheet is now 100% unencumbered after paying off its final securitization, with net debt to adjusted EBITDA at 5.1 times and no debt maturities until 2028 (excluding the credit facility). AMH is on track to deliver approximately 2,300 homes in 2025 and has sold nearly 1,200 homes year-to-date, with the 2025 development program yield expected in the mid 5% range.

Oct 30, 2025, 4:00 PM

Transcript

American Homes 4 Rent Reports Strong Q3 2025 Results and Raises Full-Year Guidance

AMH

Earnings

Guidance Update

New Projects/Investments

American Homes 4 Rent (AMH) reported strong Q3 2025 results, with core FFO per share growing 6.2% year-over-year to $0.47 and Adjusted FFO growing 9.1% to $0.42 per share.
The company increased its full-year 2025 core FFO per share guidance by $0.01 to $1.87 at the midpoint, representing 5.6% growth, driven by strong Q3 results, favorable property tax assessments, and controlled operating expenses.
In Q3 2025, AMH achieved same home core revenue growth of 3.8% and same home core NOI growth of 4.6%, with same home average occupied days at 95.9%.
AMH's balance sheet is now 100% unencumbered after paying off its final securitization, with net debt to Adjusted EBITDA at 5.1 times and zero debt maturities until 2028. The company is also on track to deliver approximately 2,300 homes in 2025, with 1,900 wholly owned.

Oct 30, 2025, 4:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for American Homes 4 Rent.

Q4 2025

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Q3 2025

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Q2 2025

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American Homes 4 Rent (AMH)

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