REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-07-31 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income grew 7.5% YoY to $132.9M on 2.8% revenue growth and higher property sales gains, while same-home rent growth remained modest at 2.6% amid elevated turnover.
Biggest Revenue Drivers
Same-Home core revenues$371.3M+2.3% YoY
Higher Average Monthly Realized Rent per property (+2.6%), partially offset by lower Average Occupied Days Percentage (96.0% vs 96.4%).
Non-Same-Home and Other core revenues$44.7M+6.0% YoY
Revenue from properties not yet stabilized 90+ days or held for sale.
Biggest Revenue Drivers
Total revenue: $470.1M+2.8% YoY
Same-Home core revenues$371.3M+2.3% YoY
Higher Average Monthly Realized Rent per property (+2.6%), partially offset by lower Average Occupied Days Percentage (96.0% vs 96.4%).
Non-Same-Home and Other core revenues$44.7M+6.0% YoY
Revenue from properties not yet stabilized 90+ days or held for sale.
Largest Expense Items
Property operating expenses$161.9M+1.2% YoY
Primarily driven by annual increases in property tax expense.
Interest expense$49.5M+7.0% YoY
Additional interest from May 2025 senior notes issuance, higher revolving credit balance, and lower capitalized interest.
Depreciation and amortization$127.6M+0.5% YoY
Growth in average cost of depreciable properties and ongoing capital investments.
Property management expenses$33.8M-1.7% YoY
Decrease in personnel-related expenses, partially offset by noncash share-based compensation.
Watch Items from the Filing
ROAD Act enacted July 11, 2026, effective January 7, 2027, restricts institutional single-family home purchases except for build-to-rent, bulk sales, or substantial renovations; may adversely impact capital markets access and REIT status.
Portfolio occupancy declined to 95.6% (Q2 2026) from 96.4% (Q2 2025) despite same-home rent growth; turnover rate elevated at 8.1% (Q2 2026) vs 7.5% (Q2 2025).
Higher impairment charges on properties held for sale: $24.2M (Q2 2026) vs $5.8M (Q2 2025), suggesting market value pressure in certain submarkets.
Company repurchased 4.1M shares for $123.0M in H1 2026 under new $500M repurchase program, returning capital despite uncertain regulatory environment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Gustavson Tamara HughesDirectorOption exercise · Jun 5, 2026
Kerrick Michelle C.DirectorGrant or award · May 14, 2026
Webb Winifred MarkusDirectorGrant or award · May 14, 2026
Swann Lynn CDirectorGrant or award · May 14, 2026
Hart Matthew JDirectorGrant or award · May 14, 2026
Willoughby JayDirectorGrant or award · May 14, 2026
Zaist Matthew RDirectorGrant or award · May 14, 2026
Lau ChristopherCFO and Sr. EVPGift · Mar 19, 2026
Congress trading in AMH
7 transactions in AMH reported by 3 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About American Homes 4 Rent (AMH): stock profile, AI score and financials
American Homes 4 Rent (AMH) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores AMH at 66.8/100 on a composite quality score built from its SEC filings, placing it at rank #23 of 148 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), American Homes 4 Rent reports quarterly revenue of $470.1M, net income of $132.9M, free cash flow of $277.0M. Top institutional holders of AMH by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, NORGES BANK, based on the most recent SEC filings. AMH trades on the NYSE exchange and files with the SEC under CIK 1562401. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AMH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Homes 4 Rent directly from SEC EDGAR.