American Homes 4 Rent (“AMH” or the “General Partner”) is an internally managed Maryland real estate investment trust (“REIT”) formed on October 19, 2012. American Homes 4 Rent, L.P., a Delaware limited partnership formed on October 22, 2012, and its consolidated subsidiaries (collectively, the “Operating Partnership” or the “OP”) is the entity through which the Company conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. References to the “Company,” “we,” “our” and “us” mean collectively AMH, the Operating Partnership and those entities/subsidiaries owned or controlled by AMH and/or the Operating Partnership. We are focused on developing, renovating, leasing and managing single-family homes as rental properties. We commenced operations in November 2012.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.7B | 1.6B | 1.5B | 1.3B |
| Net Income | 439M | 439M | 398M | 366M | 251M | 135M |
| EPS | $1.18 | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 |
| Free Cash Flow | 746M | 746M | 690M | 605M | 527M | 473M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | 36.9% | 36.9% | 36.2% | 35.0% | 34.3% | 33.8% |
| Debt/Equity | 0.72 | 0.72 | 0.57 | 0.37 | 0.40 | 0.33 |
| Dividends/Share | $1.20 | $1.20 | $1.04 | $0.88 | $0.71 | $0.44 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 6.2% | 6.2% | 5.6% | 5.3% | 3.9% | 2.2% |
| Shares Outstanding | 372M | 372M | 369M | 363M | 353M | 330M |
American Homes 4 Rent passes 5 of 9 quality checks, suggesting mixed fundamentals.
American Homes 4 Rent trades at 25.5x trailing earnings, compared to its 15-year median P/E of 38.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 14.7x vs a median of 17.6x. The company's 5-year average gross margin is 35.2%. Total shareholder yield (dividends + buybacks) is 5.3%. At current prices, the estimated annualized return to fair value is +7.5%.
American Homes 4 Rent (AMH) has a current P/E ratio of 25.5, compared to its historical median P/E of 38.4. The stock is currently considered Fair based on its historical valuation range.
American Homes 4 Rent (AMH) has a market capitalization of $11.2B. It is classified as a large-cap stock.
Yes, American Homes 4 Rent (AMH) pays a dividend with a trailing twelve-month yield of 3.98%. The company also returns capital through share buybacks, with a buyback yield of 1.34%.
Based on historical P/E analysis, American Homes 4 Rent (AMH) appears fair. The current P/E of 25.5 is 34% below its historical median of 38.4. The estimated fair value CAGR (P/E method) is 46.3%.
American Homes 4 Rent (AMH) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
American Homes 4 Rent (AMH) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
American Homes 4 Rent (AMH) has a net profit margin of 23.7%. This is a strong margin indicating high profitability.
American Homes 4 Rent (AMH) generated $746 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
American Homes 4 Rent (AMH) has a debt-to-equity ratio of 0.72. This indicates moderate leverage.
American Homes 4 Rent (AMH) reported earnings per share (EPS) of $1.18 in its most recent fiscal year.
American Homes 4 Rent (AMH) has a return on equity (ROE) of 6.2%. This indicates moderate shareholder returns.
American Homes 4 Rent (AMH) has a 5-year average gross margin of 35.2%. This indicates decent pricing power.
The Ledger Terminal provides 14 years of financial data for American Homes 4 Rent (AMH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
American Homes 4 Rent (AMH) has a book value per share of $18.90, based on its most recent annual SEC filing.