Market Summary
USD29.84+0.93
Market Closed3.22%
AMH Stock Price
AMH RSI Chart
AMH Valuation
AMH Price/Sales (Trailing)
AMH Profitability
AMH Fundamentals
AMH Revenue
AMH Earnings
Price Action
52 Week Range
28.7942.88
(Low)(High)
Last 7 days
-2.4%
Last 30 days
-9.2%
Last 90 days
-2.1%
Trailing 12 Months
-22.1%
AMH Financial Health
AMH Investor Care
Peers (Alternatives to American Homes 4 Rent)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 50.2B | 4.2B | -1.95% | -19.53% | 11.55 | 12.01 | 22.43% | 122.66% |
DLR | 27.5B | 4.7B | -11.51% | -30.78% | 72.75 | 5.86 | 5.96% | -77.90% |
EQR | 21.2B | 2.7B | -12.90% | -34.85% | 27.27 | 7.81 | 11.91% | -41.71% |
ARE | 20.5B | 2.6B | -23.09% | -36.12% | 39.23 | 7.91 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.5B | 1.1B | -12.78% | -19.56% | 19.52 | 7 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.18% | -8.49% | -338.08 | 5.33 | 114.83% | 84.36% |
VNO | 2.6B | 1.8B | -34.87% | -68.35% | -7.52 | 1.45 | 13.26% | -296.88% |
MAC | 2.0B | 859.2M | -22.66% | -32.73% | -30.92 | 2.38 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 1.35% | 15.46% | 23.02 | 4.64 | 3.35% | 1705.32% |
SLG | 1.3B | 826.7M | -42.91% | -73.34% | -17.18 | 1.62 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -3.26% | -2.73% | 11.34 | 5.49 | 12.08% | 1950.56% |
PGRE | 909.5M | 740.4M | -23.50% | -61.25% | -24.99 | 1.23 | 1.87% | -78.85% |
Financials for American Homes 4 Rent
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.2% | 1,491 | 1,444 | 1,397 | 1,351 | 1,304 |
| Operating Expenses | 3.3% | 1,324 | 1,282 | 1,227 | 1,177 | 1,147 |
| S&GA Expenses | -1.2% | 68.00 | 69.00 | 65.00 | 59.00 | 56.00 |
| Interest Expenses | 6.3% | 135 | 127 | 122 | 114 | 115 |
| Net Income | 15.9% | 310 | 268 | 254 | 232 | 211 |
| Net Income Margin | 12.2% | 0.21* | 0.19* | 0.20* | 0.18* | 0.17* |
| Free Cahsflow | -4.1% | 666 | 694 | 642 | 602 | 595 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.6% | 12,175 | 12,099 | 11,855 | 11,441 | 10,962 |
| Cash Equivalents | -28.9% | 69.00 | 97.00 | 70.00 | 57.00 | 48.00 |
| Goodwill | 0.0% | 120 | 120 | 120 | 120 | 120 |
| Liabilities | 0.9% | 5,000 | 4,956 | 4,890 | 4,331 | 4,224 |
| Long Term Debt | -0.1% | 4,389 | 4,392 | 3,937 | 3,880 | - |
| Shareholder's Equity | 0.4% | 6,496 | 6,467 | 6,964 | 7,111 | 6,060 |
| Retained Earnings | 5.1% | -440 | -464 | -452 | -445 | -438 |
| Additional Paid-In Capital | 0.1% | 6,932 | 6,927 | 6,734 | 6,873 | 6,493 |
| Shares Outstanding | 0.1% | 349 | 348 | 346 | - | - |
| Minority Interest | 0.5% | 679 | 675 | 677 | 678 | 679 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -4.1% | 666 | 694 | 642 | 602 | 595 |
| Share Based Compensation | 0.4% | 27.00 | 27.00 | 25.00 | 17.00 | 18.00 |
| Cashflow From Investing | 21.2% | -1,425 | -1,809 | -2,101 | -2,038 | -1,733 |
| Cashflow From Financing | -32.9% | 786 | 1,172 | 1,498 | 1,431 | 1,065 |
| Dividend Payments | 13.4% | 253 | 223 | 192 | 161 | 146 |
Risks for AMH
What is the probability of a big loss on AMH?
35.4%
Probability that American Homes 4 Rent stock will be more than 20% underwater in next one year
20.8%
Probability that American Homes 4 Rent stock will be more than 30% underwater in next one year.
0%
Probability that American Homes 4 Rent stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AMH drawdown profile look like?
Y-axis is the maximum loss one would have experienced if American Homes 4 Rent was unfortunately bought at previous high price.
Drawdowns
Returns for AMH
Cumulative Returns on AMH
10.9%
7-Year Cumulative Returns
10.3%
5-Year Cumulative Returns
14.7%
3-Year Cumulative Returns
What are the long-term rolling returns for AMH?
FIve years rolling returns for American Homes 4 Rent.
Annualized Returns
Which funds bought or sold AMH recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 0.02 | -18,075,500 | 204,432,000 | 0.22% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | -1,000 | 12,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | added | 45.64 | 20,468 | 81,468 | 0.05% |
2023-02-28 | Voya Investment Management LLC | added | 0.78 | -95,759 | 1,199,240 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 178 | 2,184 | 3,184 | -% |
2023-02-21 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | reduced | -28.97 | -82,669,000 | 155,219,000 | 1.81% |
2023-02-21 | MACQUARIE GROUP LTD | added | 27.2 | 8,326,640 | 59,003,600 | 0.07% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -18.55 | -13,654 | 42,346 | -% |
2023-02-17 | TRUIST FINANCIAL CORP | added | 2.86 | -26,932 | 445,068 | -% |
2023-02-15 | Adelante Capital Management LLC | added | 7.12 | -622,000 | 38,405,000 | 3.23% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
American Homes 4 Rent News
Schedule 13G FIlings of American Homes 4 Rent
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 15, 2023 | principal real estate investors llc | 4.64% | 16,353,233 | SC 13G/A | |
| Feb 14, 2023 | norges bank | 5.82% | 20,545,305 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.72% | 41,354,072 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.7% | 23,468,809 | SC 13G/A | |
| Jun 16, 2022 | norges bank | 5.44% | 18,917,160 | SC 13G | |
| Feb 15, 2022 | principal real estate investors llc | 5.24% | 17,493,986 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.95% | 39,871,926 | SC 13G/A | |
| Feb 09, 2022 | norges bank | 4.82% | 16,090,033 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.0% | 23,487,597 | SC 13G/A | |
| Jan 05, 2022 | jpmorgan chase & co | 4.6% | 15,670,211 | SC 13G/A |
AMH Fair Value
American Homes 4 Rent fair value in different scenarios
The table shows the Fair Value estimates for American Homes 4 Rent for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 13.52 -54.69% | 15.71 -47.35% | 19.67 -34.08% | 25.05 -16.05% | 31.81 6.60% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical American Homes 4 Rent Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of American Homes 4 Rent
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 24, 2023 | ARS | ARS | |
| Mar 24, 2023 | DEF 14A | DEF 14A | |
| Mar 24, 2023 | DEFA14A | DEFA14A | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 8-K | Current Report | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 24, 2023 | 10-K | Annual Report | |
| Feb 23, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for AMH
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-15 | Lau Christopher | sold | -690,621 | 30.1634 | -22,896 | chief financial officer |
2023-03-14 | Lau Christopher | sold | -401,397 | 30.2234 | -13,281 | chief financial officer |
2023-03-07 | BENHAM DOUGLAS N | bought | 26,472 | 24.066 | 1,100 | - |
2023-03-06 | BENHAM DOUGLAS N | bought | 28,437 | 24.6 | 1,156 | - |
2023-03-03 | BENHAM DOUGLAS N | bought | 46,400 | 23.2 | 2,000 | - |
2023-03-03 | BENHAM DOUGLAS N | bought | 42,435 | 24.6 | 1,725 | - |
2023-03-02 | BENHAM DOUGLAS N | bought | 46,700 | 23.35 | 2,000 | - |
2023-02-28 | Reitz Brian | sold | -126,788 | 31.5 | -4,025 | chief accounting officer |
2023-02-21 | Smith Bryan | sold (taxes) | -75,367 | 32.84 | -2,295 | chief operating officer |
2023-02-21 | Lau Christopher | sold (taxes) | -96,648 | 32.84 | -2,943 | chief financial officer |
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected submarkets in 22 states.
AMH Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Rents and other single-family property revenues | $ 1,490,534 | $ 1,303,882 | $ 1,172,514 |
| Expenses: | |||
| General and administrative expense | 68,057 | 56,444 | 48,517 |
| Interest expense | 134,871 | 114,893 | 117,038 |
| Acquisition and other transaction costs | 23,452 | 15,749 | 9,298 |
| Depreciation and amortization | 426,531 | 372,848 | 343,153 |
| Hurricane-related charges, net | 6,133 | 0 | 0 |
| Total expenses | 1,323,833 | 1,147,004 | 1,058,165 |
| Gain on sale and impairment of single-family properties and other, net | 136,459 | 49,696 | 38,773 |
| Other income and expense, net | 6,865 | 3,985 | 1,707 |
| Net income | 310,025 | 210,559 | 154,829 |
| Noncontrolling interest | 36,887 | 21,467 | 14,455 |
| Dividends on preferred shares | 17,081 | 37,923 | 55,128 |
| Redemption of perpetual preferred shares | 5,276 | 15,879 | 0 |
| Net income attributable to common shareholders / unitholders | $ 250,781 | $ 135,290 | $ 85,246 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 349,290,848 | 324,245,168 | 306,613,197 |
| Diluted (in shares) | 349,787,092 | 325,518,291 | 307,074,747 |
| Net income attributable to common shareholders per share: | |||
| Basic (in dollars per share) | $ 0.72 | $ 0.42 | $ 0.28 |
| Diluted (in dollars per share) | $ 0.71 | $ 0.41 | $ 0.28 |
| Property operating expenses | |||
| Expenses: | |||
| Property operating and management expenses | $ 552,091 | $ 490,205 | $ 450,267 |
| Property management expenses | |||
| Expenses: | |||
| Property operating and management expenses | $ 112,698 | $ 96,865 | $ 89,892 |
AMH Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Single-family properties: | ||
| Land | $ 2,197,233 | $ 2,062,039 |
| Buildings and improvements | 10,127,891 | 9,258,387 |
| Single-family properties in operation | 12,325,124 | 11,320,426 |
| Less: accumulated depreciation | (2,386,452) | (2,072,933) |
| Single-family properties in operation, net | 9,938,672 | 9,247,493 |
| Single-family properties under development and development land | 1,187,221 | 882,159 |
| Single-family properties held for sale, net | 198,716 | 114,907 |
| Total real estate assets, net | 11,324,609 | 10,244,559 |
| Cash and cash equivalents | 69,155 | 48,198 |
| Restricted cash | 148,805 | 143,569 |
| Rent and other receivables | 47,752 | 41,587 |
| Escrow deposits, prepaid expenses and other assets | 331,446 | 216,625 |
| Investments in unconsolidated joint ventures | 107,347 | 121,950 |
| Asset-backed securitization certificates | 25,666 | 25,666 |
| Goodwill | 120,279 | 120,279 |
| Total assets | 12,175,059 | 10,962,433 |
| Liabilities | ||
| Revolving credit facility | 130,000 | 350,000 |
| Asset-backed securitizations, net | 1,890,842 | 1,908,346 |
| Unsecured senior notes, net | 2,495,156 | 1,622,132 |
| Accounts payable and accrued expenses | 484,403 | 343,526 |
| Total liabilities | 5,000,401 | 4,224,004 |
| Commitments and contingencies (see Note 14) | ||
| Shareholders' equity: | ||
| Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 and 15,400,000 shares issued and outstanding at December 31, 2022 and 2021, respectively) | 92 | 154 |
| Additional paid-in capital | 6,931,819 | 6,492,933 |
| Accumulated deficit | (440,791) | (438,710) |
| Accumulated other comprehensive income | 1,332 | 1,814 |
| Total shareholders' equity | 6,495,987 | 6,059,571 |
| Noncontrolling interest | 678,671 | 678,858 |
| Total equity | 7,174,658 | 6,738,429 |
| Total liabilities and equity/capital | 12,175,059 | 10,962,433 |
| Class A Common Shares | ||
| Shareholders' equity: | ||
| Common stock, value, issued | 3,529 | 3,374 |
| Class B common shares | ||
| Shareholders' equity: | ||
| Common stock, value, issued | $ 6 | $ 6 |