AMH American Homes 4 Rent Common Shares of Beneficial Interest
NYSE · Real Estate · View on SEC EDGAR ↗ 10-K/10-Q Jul 31, 2026AMH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About American Homes 4 Rent Common Shares of Beneficial Interest Company overview from Wikipedia
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta (9.3% of total homes), Dallas-Fort Worth (8.4% of total homes), and Charlotte, North Carolina (7.2% of total homes).
## History
The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage. It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012. Early funding for the company included a $600 million investment from the Alaska Permanent Fund.
In August 2013, the company became a public company via an initial public offering.
In March 2016, the company merged with American Residential Properties, Inc.
In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AMH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 27.25Y avg ≈49.3 | ≈49.3 | 29.4 | Undervalued | |
| PEG Ratio | ≈0.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AMH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | 3.9%5Y avg ≈3.1% | ≈3.1% | 3.9% | In line | |
| ROE | 7.2%5Y avg ≈5.8% | ≈5.8% | 7.2% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AMH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EPS YoY | 9.3%5Y avg ≈35.6% | ≈35.6% | · | · | |
| Net Income YoY | 9.7%5Y avg ≈28.1% | ≈28.1% | · | · | |
| EPS CAGR 3Y | 18.4%5Y avg ≈36.6% | ≈36.6% | · | · | |
| EPS CAGR 5Y | 33.3% | · | · | · | |
| Net Income CAGR 3Y | 18.3%5Y avg ≈29.9% | ≈29.9% | · | · | |
| Net Income CAGR 5Y | 27.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.33 | USD | ≈4.1% |
| Jun 15, 2026 | $0.33 | USD | ≈3.9% |
| Mar 13, 2026 | $0.33 | USD | ≈4.3% |
| Dec 15, 2025 | $0.30 | USD | ≈3.8% |
| Sep 15, 2025 | $0.30 | USD | ≈3.5% |
| Jun 13, 2025 | $0.30 | USD | ≈3.1% |
| Mar 14, 2025 | $0.30 | USD | ≈3.1% |
| Dec 13, 2024 | $0.26 | USD | ≈2.8% |
| Sep 13, 2024 | $0.26 | USD | ≈2.4% |
| Jun 14, 2024 | $0.26 | USD | ≈2.7% |
| Mar 14, 2024 | $0.26 | USD | ≈2.5% |
| Dec 14, 2023 | $0.22 | USD | ≈2.4% |
| Sep 14, 2023 | $0.22 | USD | ≈2.3% |
| Jun 14, 2023 | $0.22 | USD | ≈2.3% |
| Mar 14, 2023 | $0.22 | USD | ≈2.5% |
| Dec 14, 2022 | $0.18 | USD | ≈2.2% |
| Sep 14, 2022 | $0.18 | USD | ≈1.8% |
| Jun 14, 2022 | $0.18 | USD | ≈1.7% |
| Mar 14, 2022 | $0.18 | USD | ≈1.3% |
| Dec 14, 2021 | $0.10 | USD | ≈1.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $0.31 | $0.18 | 75.3% |
| March 31, 2026 | $0.35 | $0.19 | 82.4% | |
| Dec. 31, 2025 | $0.33 | $0.18 | 81.5% | |
| Sept. 30, 2025 | $0.27 | $0.16 | 68.1% | |
| June 30, 2025 | $0.28 | $0.15 | 86.0% | |
| March 31, 2025 | $0.30 | $0.15 | 100.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | $1.18B | $1.14B | $1.07B | $960M | $879M | |
| SG&A Expense | $83M | $84M | $75M | $68M | $56M | $49M | $43M | $37M | $35M | $33M | |
| Operating Expenses | $1.58B | $1.50B | $1.41B | $1.32B | $1.15B | $1.06B | $1.02B | $978M | $887M | $874M | |
| Interest Expense | $185M | $165M | $140M | $135M | $115M | $117M | $127M | $123M | $113M | $131M | |
| Other Non-op | $16M | $22M | $10M | $7M | $4M | $2M | $8M | · | · | · | |
| Net Income | $513M | $468M | $432M | $310M | $211M | $155M | $156M | $112M | $76M | $10M | |
| EPS (Basic) | $1.18 | $1.08 | $1.01 | $0.72 | $0.42 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 | |
| EPS (Diluted) | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 | |
| Shares (Basic) | 370,556,400 | 367,454,012 | 362,024,968 | 349,290,848 | 324,245,168 | 306,613,197 | 299,415,397 | 293,640,500 | 264,254,718 | 234,010,168 | |
| Shares (Diluted) | 370,906,582 | 367,989,537 | 362,477,216 | 349,787,092 | 325,518,291 | 307,074,747 | 299,918,966 | 294,268,330 | 264,254,718 | 234,010,168 | |
| EBITDA | $504M | $477M | $457M | $427M | $373M | $343M | $329M | $319M | $297M | $299M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $109M | $199M | $59M | $69M | $48M | $137M | $38M | $30M | $46M | $119M | |
| Goodwill | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | |
| Intangibles | $9M | $12M | $8M | $10M | $13M | $5M | $7M | $13M | · | · | |
| Total Assets | $13.24B | $13.38B | $12.69B | $12.18B | $10.96B | $9.59B | $9.10B | $9.00B | $8.61B | $8.11B | |
| Total Liabilities | $5.53B | $5.53B | $5.04B | $5.00B | $4.22B | $3.12B | $3.08B | $3.03B | $2.73B | $3.17B | |
| Long-term Debt | $5.10B | $5.01B | $4.46B | $4.52B | $3.88B | $2.82B | $2.83B | $2.80B | $2.48B | $2.92B | |
| Paid-in Capital | $7.41B | $7.53B | $7.36B | $6.93B | $6.49B | $6.22B | $5.79B | $5.73B | $5.60B | $4.57B | |
| Retained Earnings | $-388M | $-381M | $-395M | $-441M | $-439M | $-444M | $-465M | $-491M | $-454M | $-379M | |
| AOCI | $7M | $8M | $843.0K | $1M | $2M | $6M | $7M | $7M | $75.0K | $95.0K | |
| Stockholders' Equity | $7.03B | $7.16B | $6.97B | $6.50B | $6.06B | $5.79B | $5.34B | $5.25B | $5.15B | $4.19B | |
| Liabilities + Equity | $13.24B | $13.38B | $12.69B | $12.18B | $10.96B | $9.59B | $9.10B | $9.00B | $8.61B | $8.11B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $504M | $477M | $457M | $427M | $373M | $343M | $329M | $319M | $297M | $299M | |
| Stock-based Comp | $26M | $31M | $25M | $27M | $18M | $10M | $5M | $3M | $4M | $4M | |
| Other Non-cash | $-179M | $-165M | $-175M | $-98M | $-6M | $-34M | $-32M | $-24M | $8M | $-34M | |
| Operating Cash Flow | $864M | $812M | $739M | $666M | $595M | $474M | $458M | $411M | $386M | $279M | |
| Investing Cash Flow | $-328M | $-826M | $-693M | $-1.43B | $-1.73B | $-643M | $-377M | $-674M | $-837M | $-522M | |
| Stock Issued | · | · | · | · | · | $414M | $0 | $0 | $695M | $103M | |
| Stock Repurchased | · | · | · | · | · | $0 | $0 | $35M | $0 | $96M | |
| Net Stock Activity | · | · | · | · | · | $414M | $0 | $-35M | $695M | $7M | |
| Dividends Paid | $446M | $384M | $319M | $253M | $146M | $61M | $60M | $58M | $39M | $48M | |
| Financing Cash Flow | $-656M | $143M | $-42M | $786M | $1.06B | $270M | $-92M | $256M | $384M | $325M | |
| Net Change in Cash | $-120M | $128M | $4M | $26M | $-73M | $101M | $-11M | $-8M | $-67M | $81M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | · | · | · | · | · | 13.1% | 13.7% | 10.5% | · | · | |
| EBITDA Margin | · | · | · | · | · | 29.0% | 28.8% | 29.7% | · | · | |
| ROA | 3.9% | 3.6% | 3.5% | 2.7% | 2.1% | 1.7% | 1.7% | 1.3% | 0.92% | 0.14% | |
| ROE | 7.2% | 6.6% | 6.4% | 4.9% | 3.5% | 2.8% | 2.9% | 2.2% | 1.6% | 0.28% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | 0.1 | 0.1 | 0.1 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | · | · | · | · | · | $3.85 | $3.81 | $3.65 | · | · | |
| Cash Flow / Share | $2.33 | $2.21 | $2.04 | $1.90 | $1.83 | $1.54 | $1.53 | $1.40 | · | · | |
| Dividend / Share | $1.20 | $1.04 | $0.88 | $0.72 | $0.40 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | |
| EPS (TTM) | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS YoY | 9.3% | 6.9% | 42.2% | 73.2% | 46.4% | · | · | · | · | · | |
| EPS CAGR 3Y | 18.4% | 38.1% | 53.4% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 33.3% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 9.7% | 8.3% | 39.4% | 47.2% | 36.0% | · | · | · | · | · | |
| Net Income CAGR 3Y | 18.3% | 30.5% | 40.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 27.1% | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 48.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.14B | $1.07B | $960M | $879M | |
| Net Income TTM | $513M | $468M | $432M | $310M | $211M | $155M | $156M | $112M | $76M | $10M | |
| P/E | 27.2 | 34.6 | 35.6 | 42.5 | 106.4 | 107.1 | 90.4 | 248.1 | -273.0 | -149.9 | |
| Earnings Yield | 3.7% | 2.9% | 2.8% | 2.4% | 0.94% | 0.93% | 1.1% | 0.40% | -0.37% | -0.67% | |
| Payout Ratio | 86.9% | 81.9% | 73.9% | 81.5% | 69.5% | 39.4% | 38.3% | 51.9% | 50.9% | 461.1% | |
| Annual Payout | $446M | $384M | $319M | $253M | $146M | $61M | $60M | $58M | $39M | $48M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $22M | $21M | $23M | $21M | $20M | $20M | $21M | $19M | $22M | $22M | $18M | $18M | $20M | $18M | $15M | $17M | |
| Operating Expenses | $398M | $402M | $384M | $414M | $390M | $395M | $380M | $393M | $363M | $367M | $348M | $369M | $345M | $349M | $335M | $355M | |
| Interest Expense | $50M | $48M | $45M | $48M | $46M | $45M | $44M | $44M | $39M | $39M | $35M | $34M | $35M | $36M | $36M | $36M | |
| Other Non-op | $1M | $327.0K | $4M | $5M | $5M | $2M | $7M | $8M | $4M | $3M | $716.0K | $2M | $2M | $5M | $100.0K | $819.0K | |
| Net Income | $133M | $149M | $144M | $117M | $124M | $129M | $144M | $88M | $109M | $128M | $91M | $88M | $115M | $138M | $104M | $62M | |
| EPS (Basic) | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 | $0.25 | $0.30 | $0.21 | $0.20 | $0.27 | $0.33 | $0.26 | $0.14 | |
| EPS (Diluted) | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 | $0.25 | $0.30 | $0.22 | $0.20 | $0.27 | $0.32 | $0.25 | $0.14 | |
| Shares (Basic) | 360,629,168 | 364,281,692 | · | 371,248,842 | 370,692,250 | 370,372,388 | · | 366,981,466 | 366,778,333 | 366,513,257 | · | 362,426,273 | 362,148,911 | 360,353,124 | · | 348,944,055 | |
| Shares (Diluted) | 360,808,221 | 364,498,367 | · | 371,580,911 | 371,059,970 | 370,761,741 | · | 367,600,636 | 367,312,955 | 366,972,293 | · | 362,924,932 | 362,479,942 | 360,674,370 | · | 349,344,541 | |
| EBITDA | · | $127M | · | · | · | $125M | · | · | · | $116M | · | · | · | $113M | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $84M | $63M | $109M | $46M | $323M | $70M | $199M | $162M | $718M | $125M | $59M | $70M | $200M | $256M | $69M | $97M | |
| Goodwill | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | · | $120M | $120M | $120M | · | $120M | |
| Intangibles | $8M | $9M | $9M | $11M | $11M | $12M | $12M | $13M | $7M | $7M | · | $8M | $9M | $10M | · | $11M | |
| Total Assets | $13.12B | $13.18B | $13.24B | $13.25B | $13.59B | $13.29B | $13.38B | $12.84B | $13.30B | $12.76B | · | $12.56B | $12.52B | $12.42B | · | $12.10B | |
| Total Liabilities | $5.64B | $5.58B | $5.53B | $5.42B | $5.75B | $5.45B | $5.53B | $5.15B | $5.59B | $5.06B | · | $5.01B | $4.97B | $4.90B | · | $4.96B | |
| Long-term Debt | $5.13B | $5.13B | $5.10B | $4.84B | $5.16B | $4.93B | $5.01B | $4.52B | $4.99B | $4.50B | · | $4.38B | $4.38B | $4.38B | · | $4.39B | |
| Paid-in Capital | $7.18B | $7.30B | $7.41B | $7.55B | $7.54B | $7.53B | $7.53B | $7.41B | $7.41B | $7.39B | · | $7.25B | $7.24B | $7.23B | · | $6.93B | |
| Retained Earnings | $-386M | $-380M | $-388M | $-400M | $-389M | $-382M | $-381M | $-407M | $-385M | $-382M | · | $-391M | $-385M | $-403M | · | $-464M | |
| AOCI | $6M | $6M | $7M | $7M | $7M | $6M | $8M | $3M | $597.0K | $721.0K | · | $965.0K | $1M | $1M | · | $1M | |
| Stockholders' Equity | $6.81B | $6.93B | $7.03B | $7.16B | $7.17B | $7.15B | $7.16B | $7.01B | $7.03B | $7.02B | · | $6.86B | $6.86B | $6.83B | · | $6.47B | |
| Liabilities + Equity | $13.12B | $13.18B | $13.24B | $13.25B | $13.59B | $13.29B | $13.38B | $12.84B | $13.30B | $12.76B | · | $12.56B | $12.52B | $12.42B | · | $12.10B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $128M | $127M | $126M | $127M | $127M | $125M | $124M | $120M | $118M | $116M | $116M | $115M | $113M | $113M | $113M | $109M | |
| Stock-based Comp | $7M | $7M | $5M | $6M | $6M | $8M | $5M | $6M | $10M | $10M | $5M | $6M | $9M | $6M | $4M | $6M | |
| Other Non-cash | · | $-80M | · | · | · | $-38M | · | · | · | $-52M | · | · | · | $-56M | · | · | |
| Operating Cash Flow | $293M | $203M | $146M | $223M | $272M | $223M | $102M | $234M | $274M | $202M | $115M | $208M | $215M | $200M | $69M | $218M | |
| Investing Cash Flow | $17M | $10M | $-48M | $-52M | $-121M | $-108M | $-533M | $-185M | $-40M | $-68M | $-227M | $-227M | $-165M | $-73M | $-158M | $-314M | |
| Dividends Paid | $119M | $121M | $111M | $112M | $112M | $112M | $96M | $96M | $96M | $96M | $80M | $80M | $80M | $80M | $64M | $63M | |
| Financing Cash Flow | $-260M | $-236M | $-43M | $-462M | $97M | $-247M | $463M | $-613M | $365M | $-72M | $91M | $-99M | $-97M | $63M | $49M | $132M | |
| Net Change in Cash | $50M | $-23M | $55M | $-291M | $248M | $-131M | $32M | $-564M | $598M | $61M | $-21M | $-119M | $-47M | $191M | $-40M | $36M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 1.0% | 1.1% | · | 0.90% | 0.92% | 0.99% | · | 0.69% | 0.84% | 1.0% | · | 0.71% | 0.95% | 1.1% | · | 0.55% | |
| ROE | 1.9% | 2.1% | · | 1.7% | 1.7% | 1.8% | · | 1.3% | 1.6% | 1.8% | · | 1.3% | 1.8% | 2.1% | · | 1.0% |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow / Share | · | $0.56 | · | · | · | $0.60 | · | · | · | $0.55 | · | · | · | $0.56 | · | · | |
| Dividend / Share | $0.33 | $0.33 | $0.30 | $0.30 | $0.30 | $0.30 | $0.26 | $0.26 | $0.26 | $0.26 | $0.22 | $0.22 | $0.22 | $0.22 | $0.18 | $0.18 | |
| EPS (TTM) | $1.26 | $1.23 | · | $1.18 | $1.11 | $1.08 | · | $0.97 | $0.97 | $0.99 | · | $1.04 | $0.98 | $0.87 | · | $0.61 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $543M | $534M | · | $513M | $484M | $469M | · | $415M | $416M | $423M | · | $445M | $419M | $378M | · | $268M | |
| P/E | 26.6 | 22.7 | · | 28.2 | 32.5 | 35.0 | · | 39.6 | 38.3 | 37.2 | · | 32.4 | 36.2 | 36.1 | · | 53.8 | |
| Earnings Yield | 3.8% | 4.4% | · | 3.5% | 3.1% | 2.9% | · | 2.5% | 2.6% | 2.7% | · | 3.1% | 2.8% | 2.8% | · | 1.9% | |
| Payout Ratio | · | 81.6% | · | · | · | 87.3% | · | · | · | 74.9% | · | · | · | 58.0% | · | · | |
| Annual Payout | $463M | $455M | · | $432M | $416M | $400M | · | $367M | $351M | $336M | · | $303M | $286M | $270M | · | $223M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $513M | $468M | $432M | $310M | $211M |
| Diluted EPS | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 |
Not enough fundamentals data to build this statement yet.
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 510 filers · $12.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 86 (-7 vs prior Q) | 58 (-31 vs prior Q) | 164 (+9 vs prior Q) | 160 (-11 vs prior Q) | +23.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,531,532,204 | 45,690,102 | 12.53% | Shares |
| VANGUARD GROUP INC | $1,435,415,058 | 44,716,980 | 11.75% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $941,411,479 | 28,085,068 | 7.70% | Shares |
| NORGES BANK | $740,156,293 | 22,081,035 | 6.06% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $693,587,772 | 20,691,697 | 5.68% | Shares |
| STATE STREET CORP | $523,729,419 | 15,624,386 | 4.29% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $487,318,553 | 14,538,143 | 3.99% | Shares |
| FMR LLC | $323,099,768 | 9,639,014 | 2.64% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $260,320,601 | 7,766,128 | 2.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $251,506,062 | 7,501,635 | 2.06% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $205,217,217 | 6,122,232 | 1.68% | Shares |
| JPMORGAN CHASE & CO | $187,321,628 | 5,497,012 | 1.53% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $177,023,980 | 5,281,145 | 1.45% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $176,654,288 | 5,270,116 | 1.45% | Shares |
| Nuveen, LLC | $171,345,123 | 5,111,728 | 1.40% | Shares |
| NORTHERN TRUST CORP | $163,421,197 | 4,875,334 | 1.34% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $162,468,107 | 4,846,709 | 1.33% | Shares |
| Burgundy Asset Management Ltd. | $152,552,903 | 4,258,875 | 1.25% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $147,180,957 | 4,390,840 | 1.20% | Shares |
| BANK OF MONTREAL /CAN/ | $132,828,162 | 3,962,654 | 1.09% | Shares |
| GOLDMAN SACHS GROUP INC | $130,631,342 | 3,897,116 | 1.07% | Shares |
| Invesco Ltd. | $126,213,826 | 3,765,329 | 1.03% | Shares |
| MILLENNIUM MANAGEMENT LLC | $122,794,084 | 3,663,308 | 1.00% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $120,809,901 | 3,604,114 | 0.99% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $118,451,099 | 3,533,744 | 0.97% | Shares |
| CI INVESTMENTS INC. | $98,652,176 | 2,943,084 | 0.81% | Shares |
| Bank of New York Mellon Corp | $88,403,664 | 2,637,341 | 0.72% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $69,314,366 | 2,067,851 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $67,378,284 | 2,010,092 | 0.55% | Shares |
| MORGAN STANLEY | $65,681,931 | 1,959,482 | 0.54% | Shares |
| Quantinno Capital Management LP | $65,203,828 | 1,945,221 | 0.53% | Shares |
| Legal & General Group Plc | $62,546,476 | 1,865,945 | 0.51% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $60,098,722 | 2,152,533 | 0.49% | Shares |
| UBS Group AG | $57,728,278 | 1,722,204 | 0.47% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $56,107,854 | 1,673,862 | 0.46% | Shares |
| D. E. Shaw & Co., Inc. | $55,905,829 | 1,667,835 | 0.46% | Shares |
| Holocene Advisors, LP | $55,883,103 | 1,667,157 | 0.46% | Shares |
| BANK OF AMERICA CORP /DE/ | $53,545,273 | 1,597,413 | 0.44% | Shares |
| AEW CAPITAL MANAGEMENT L P | $50,712,039 | 1,512,889 | 0.41% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $42,396,749 | 1,166,232 | 0.35% | Shares |
| Gotham Asset Management, LLC | $42,155,791 | 1,257,631 | 0.34% | Shares |
| AMERICAN CENTURY COMPANIES INC | $41,922,827 | 1,250,681 | 0.34% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $41,637,103 | 1,242,157 | 0.34% | Shares |
| Woodline Partners LP | $41,591,348 | 1,240,792 | 0.34% | Shares |
| Heitman Real Estate Securities LLC | $40,944,244 | 1,221,487 | 0.34% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $40,750,237 | 1,198,889 | 0.33% | Shares |
| FIRST TRUST ADVISORS LP | $39,626,734 | 1,182,182 | 0.32% | Shares |
| TUDOR INVESTMENT CORP ET AL | $32,386,823 | 966,194 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $31,401,789 | 936,809 | 0.26% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $31,117,722 | 928,333 | 0.25% | Shares |
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| HUGHES B WAYNE ET AL, Tamara Hughes Gustavson | Sept. 11, 2026 | 5.98% | Amendment | · | SEC |
| Tamara Hughes Gustavson | Sept. 11, 2026 | 5.98% | Initial filing | Passive investment | SEC |
| B. Wayne Hughes, Tamara Hughes Gustavson ×5 filings | March 12, 2020 | · | Initial filing | · | SEC |
| HF Investments 2010, LLC (“HF Investments”) (2), David P. Singelyn (2) | Sept. 2, 2016 | · | Initial filing | Passive investment | SEC |
| American Homes 4 Rent, LLC (“AHLLC”) (2), David P. Singelyn, as Manager of AHLLC (2) | Sept. 2, 2016 | · | Initial filing | · | SEC |
| Alaska Permanent Fund Corp. | Feb. 14, 2014 | · | Initial filing | Passive investment | SEC |
| American Homes 4 Rent, LLC (2), David P. Singelyn (2) | Aug. 16, 2013 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 25 insiders · 7 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bryan Smith | Chief Executive Officer | Feb. 7, 2026 D | 284,164 | 0 | 0 | $0 |
| Christopher Lau | CFO and Sr. EVP | March 19, 2026 G | 311,012 | 0 | 0 | $0 |
| Diana Laing | Chief Financial Officer | Feb. 26, 2018 F | 47,581 | 0 | 0 | $0 |
| Peter Nelson | Chief Financial Officer | Nov. 7, 2013 A | · | 0 | 0 | $0 |
| Brian Reitz | Chief Accounting Officer | Feb. 24, 2026 S | 24,625 | 0 | 1 | $-205,380 |
| Sara H. Vogt-Lowell | CAO & CLO | Feb. 7, 2026 D | 122,838 | 0 | 0 | $0 |
| Stephanie G Heim | Chief Governance Officer, EVP | March 19, 2020 P | 2,000 | 0 | 0 | $0 |
| Jack E Corrigan | Director | Sept. 11, 2026 P | 25,000 | 34 | 0 | $788,647 |
| Tamara Hughes Gustavson | Director | June 5, 2026 M | 9,415,345 | 0 | 0 | $0 |
| Michelle C. Kerrick | Director | May 14, 2026 A | 5,421 | 0 | 0 | $0 |
| Jay Willoughby | Director | May 14, 2026 A | 33,476 | 0 | 0 | $0 |
| Matthew R Zaist | Director | May 14, 2026 A | 32,829 | 0 | 0 | $0 |
| Winifred Markus Webb | Director | May 14, 2026 A | 32,017 | 0 | 0 | $0 |
| Matthew J Hart | Director | May 14, 2026 A | 68,018 | 0 | 0 | $0 |
| David Goldberg | Director | March 3, 2026 P | 36,723 | 2 | 0 | $116,940 |
| David P. Singelyn | Director | Feb. 7, 2025 F | 261,965 | 0 | 0 | $0 |
| James H Kropp | Director | Nov. 4, 2024 M | 38,361 | 0 | 0 | $0 |
| Kenneth M. Woolley | Director | Aug. 26, 2022 M | 20,128 | 0 | 0 | $0 |
| Dann V Angeloff | Director | March 12, 2018 S | 0 | 0 | 0 | $0 |
| HUGHES B WAYNE ET AL | 10% owner | June 30, 2021 J | 0 | 0 | 0 | $0 |
| American Homes 4 Rent, LLC | 10% owner | Aug. 31, 2016 J | 0 | 0 | 0 | $0 |
| Alaska Permanent Fund Corp | 10% owner | Aug. 6, 2013 P | 45,171,894 | 0 | 0 | $0 |
| Douglas N Benham | · | Aug. 12, 2026 P | 18,521 | 7 | 0 | $249,249 |
| Lynn C Swann | · | May 14, 2026 A | 41,331 | 0 | 0 | $0 |
| Anita Marie Mayala-Mcintyre | · | May 13, 2022 P | 2,600 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 86 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| HAUS · Tidal Trust I | 4.85% | 11,655 NS | July 31, 2026 | N-PORT |
| REZ · iShares Trust | 2.25% | 587,559 SH | Sept. 11, 2026 | Daily |
| FPRO · FIDELITY COVINGTON TRUST | 1.87% | 9,251 NS | July 31, 2026 | N-PORT |
| PSR · Invesco Actively Managed Exchange-T… | 1.57% | 27,851 | Oct. 23, 2026 | Daily |
| ICF · iShares Trust | 1.41% | 879,999 SH | Sept. 11, 2026 | Daily |
| GQRE · FlexShares Trust | 1.36% | 173,030 NS | July 31, 2026 | N-PORT |
| DPRE · Virtus ETF Trust II | 1.32% | 1,575 NS | July 31, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.27% | 285,414 | Oct. 23, 2026 | Daily |
| RITA · ETF Series Solutions | 1.13% | 2,941 NS | July 31, 2026 | N-PORT |
| USRT · iShares Trust | 0.92% | 1,283,729 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.79% | 421,529 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.75% | 977,134 SH | Sept. 11, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.70% | 313,372 NS | July 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.61% | 272,005 SH | Aug. 19, 2026 | Daily |
| REET · iShares Trust | 0.59% | 913,310 SH | Sept. 11, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.57% | 12,094,944 SH | Aug. 19, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.53% | 616,515 NS | July 31, 2026 | N-PORT |
| ERET · iShares Trust | 0.50% | 2,146 SH | Sept. 11, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.44% | 43,040 NS | July 31, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.34% | 44,313 | Oct. 23, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.30% | 34,743 NS | July 31, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.29% | 511,134 SH | Aug. 19, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.28% | 19,332 NS | July 31, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 0.27% | 2,896 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.26% | 51,236 NS | July 31, 2026 | N-PORT |
| FREI · Fidelity Securities Fund | 0.25% | 325,577 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.23% | 4,717,224 SH | Aug. 19, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 31,884 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.23% | 4,652 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.22% | 92,185 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.22% | 167,876 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 132,520 NS | July 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.20% | 345,072 | Oct. 23, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.17% | 4,921,000 | Oct. 23, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 38,734 | Oct. 23, 2026 | Daily |
| ISCG · iShares Trust | 0.15% | 45,025 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.15% | 178,700 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.13% | 7,431,897 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.12% | 3,632,069 SH | Aug. 19, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.11% | 4,067,000 | Oct. 20, 2026 | Daily |
| IWS · iShares Trust | 0.10% | 502,706 SH | Sept. 11, 2026 | Daily |
| PFF · iShares Trust | 0.10% | 554,726 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.09% | 19,690 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.09% | 78,883 SH | Sept. 11, 2026 | Daily |
| QDEF · FlexShares Trust | 0.09% | 14,268 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.08% | 4,275 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.08% | 113,000 | Oct. 23, 2026 | Daily |
| IWR · iShares Trust | 0.08% | 1,377,349 SH | Sept. 11, 2026 | Daily |
| QDF · FlexShares Trust | 0.08% | 51,781 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.08% | 30,805 | Oct. 23, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.05% | 4,120 NS | Aug. 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.03% | 20,504 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.03% | 276,509 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 202,419 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.03% | 744,083 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 63,998 | Oct. 23, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 55,139 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 28,223 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.02% | 75,821 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 10,204 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.02% | 235,505 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 90,775 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.01% | 13,387 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 406,156 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 10,285,707 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 265,050 SH | Aug. 19, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 6,000 | Oct. 20, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.10% | -72,318 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IJH · iShares Trust | · | 11,114,813 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 1,615,191 SH | Aug. 21, 2026 | Daily |
| XJH · iShares Trust | · | 43,273 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 13,581 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 35,549 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 238,300 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 11,405 SH | Aug. 19, 2026 | Daily |
AMH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
22 analysts · 2026-10-21Mean target $36.52 +14.4%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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