MARKETS / NYSE / AMH
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

American Homes 4 Rent AMH

14 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
Dividend / sh · FY25
$1.20
Payout · FY25
87%
ROE · FY25
7.2%
Net margin · FY25
Dividend coverage
1.0×
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Result
Revenue, FY2025 · full 14-year series below
Revenue Net income
0.40.81.20.5201220152018202120242025
0.40.81.20.52016201920222025

Per share
Diluted EPS, FY2025
EPS Dividend
0.40.81.21.20201220152018202120242025
0.40.81.21.202016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
7.2%
Return on equity, FY2025
ROE
24687.2%201220152018202120242025
24687.2%2016201920222025
Operating margin
Net margin
Return on assets3.9%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 446.3M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 446.3M
Net buybacks
Share of profit86.9%
Consecutive raises3 years

USD 446.3M in dividends — 87% of the year's profit went back to shareholders.

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.2%
Net income
+18.3%
+27.1%
EPS, diluted
+18.5%
+33.3%
Dividend / share
+18.6%
+19.6%
Returned to shareholders
+20.9%
+48.9%
+16.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 13.2B
total assets, end of FY2025
Total assetsUSD 13.2B
EquityUSD 7.0B
CashUSD 108.5M
Gross debtUSD 5.1B
Net debtUSD 5.0B

Net debt stands at 71% of equity.

History
14 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Revenue $B
·
·
·
·
·
1.2
1.1
1.1
1.0
0.9
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
0.5
0.5
0.4
0.3
0.2
0.2
0.2
0.1
0.1
0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
1.20
1.04
0.88
0.72
·
·
·
·
0.20
0.20
0.20
0.20
·
·
Payout %
87
82
74
81
69
39
38
52
51
461
−88
−120
−0
·
ROE %
7.2
6.6
6.4
4.9
3.6
2.8
3.0
2.2
1.6
0.3
−1.4
−1.0
−1.0
−1.1
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
28 of 28
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed