AMH Stock Analysis: American Homes 4 Rent | NYSE
REIT - Residential | NYSE, USA | Market Cap: 14.082m USD | 12M Return: -2.1% | US02665T3068 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 71.3M
EPS Trend: 88.3%
Qual. Beats: 0
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
American Homes 4 Rent (AMH) is an internally managed Maryland real estate investment trust (REIT) that operates through a Delaware limited partnership (the Operating Partnership), in which AMH serves as the general partner and owned approximately 87.9% of the common partnership interest as of December 31, 2025. The company commenced operations in November 2012 and operates within the Single-Family Residential REIT sub-industry, a segment that invests in leased individual detached homes rather than multifamily apartment buildings.
AMHs business model centers on developing, renovating, leasing, and managing single-family homes as rental properties across a geographically diversified portfolio. Since launching its internal AMH Development Program in 2017, the company has built thousands of homes per year designed specifically for the rental market, directly adding to housing supply at a time when national housing affordability is constrained. The single-family rental sector has expanded as roughly one-third of U.S. households rent, and build-for-rent construction has emerged as a distinct response to the limited supply of entry-level housing.
As the sole general partner, AMH has exclusive control over the Operating Partnerships day-to-day management, and management operates AMH and the Operating Partnership as a single business.
- Same-store rental revenue grows on strong occupancy and rent increases
- Mortgage rate volatility pressures single-family home acquisitions and yields
- Development program expands built-for-rental home supply amid housing shortage
| Net Income: 478.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.94 > 1.0 |
| NWC/Revenue: 16.61% < 20% (prev 1.98%; Δ 14.63% < -1%) |
| CFO/TA 0.07 > 3% & CFO 864.8m > Net Income 478.5m |
| Net Debt (5.08b) to EBITDA (1.20b): 4.25 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (362.6m) vs 12m ago -2.27% < -2% |
| Gross Margin: 30.60% > 18% (prev 56.00%; Δ -25.41% > 0.5%) |
| Asset Turnover: 14.08% > 50% (prev 13.23%; Δ 0.85% > 0%) |
| Interest Coverage Ratio: 3.37 > 6 (EBIT TTM 688.9m / Interest Expense TTM 204.2m) |
| A: 0.02 (Total Current Assets 824.1m - Total Current Liabilities 512.0m) / Total Assets 13.1b |
| B: -0.03 (Retained Earnings -385.9m / Total Assets 13.1b) |
| C: 0.05 (EBIT TTM 688.9m / Avg Total Assets 13.3b) |
| D: 1.20 (Book Value of Equity 6.81b / Total Liabilities 5.66b) |
| Altman-Z'' = 1.67 = BB |
| DSRI: 0.85 (Receivables 45.4m/50.8m, Revenue 1.88b/1.80b) |
| GMI: 1.83 (GM 56.00% / 30.60%) |
| AQI: 0.05 (AQ_t 0.04 / AQ_t-1 0.96) |
| SGI: 1.05 (Revenue 1.88b / 1.80b) |
| TATA: -0.03 (NI 478.5m - CFO 864.8m) / TA 13.1b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of August 28, 2026, the stock is trading at USD 33.44 with a total of 1,598,266 shares traded. Over the past week, the price has changed by -2.71%, over one month by -0.03%, over three months by +5.28% and over the past year by -2.09%.
Current recommended Stop Loss: 32.10 (which is 4% or 2.4 ATR below the current price).
American Homes 4 Rent has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy AMH.
- StrongBuy: 6
- Buy: 7
- Hold: 10
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37.2 | 11.1% |
P/E Trailing = 27.2619
P/E Forward = 175.4386
P/S = 6.7171
P/B = 1.8156
P/EG = 29.82
Revenue TTM = 1.88b USD
EBIT TTM = 688.9m USD
EBITDA TTM = 1.20b USD
Long Term Debt = 4.74b USD (from longTermDebt, last quarter)
Short Term Debt = 19.1m USD (from shortTermDebt, last quarter)
Debt = 5.17b USD (from shortLongTermDebtTotal, last quarter) + Leases 19.1m
Net Debt = 5.08b USD (calculated: Debt 5.17b - CCE 83.7m)
Enterprise Value = 19.2b USD (14.1b + Debt 5.17b - CCE 83.7m)
Interest Coverage Ratio = 3.37 (Ebit TTM 688.9m / Interest Expense TTM 204.2m)
EV/FCF = 20.69x (Enterprise Value 19.2b / FCF TTM 926.4m)
FCF Yield = 4.83% (FCF TTM 926.4m / Enterprise Value 19.2b)
FCF Margin = 49.28% (FCF TTM 926.4m / Revenue TTM 1.88b)
Net Margin = 25.46% (Net Income TTM 478.5m / Revenue TTM 1.88b)
Gross Margin = 30.60% ((Revenue TTM 1.88b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 58.35% (prev 3.49%)
Tobins Q-Ratio = 1.46 (Enterprise Value 19.2b / Total Assets 13.1b)
Interest Expense / Debt = 3.95% (Interest Expense 204.2m / Debt 5.17b)
Taxrate = 2.35% (3.19m / 136.1m)
NOPAT = 672.7m (EBIT 688.9m * (1 - 2.35%))
Current Ratio = 1.61 (Total Current Assets 824.1m / Total Current Liabilities 512.0m)
Debt / Equity = 0.76 (Debt 5.17b / totalStockholderEquity, last quarter 6.81b)
Debt / EBITDA = 4.25 (Net Debt 5.08b / EBITDA 1.20b)
Debt / FCF = 5.49 (Net Debt 5.08b / FCF TTM 926.4m)
Total Stockholder Equity = 6.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.58% (Net Income 478.5m / Total Assets 13.1b)
RoE = 6.85% (Net Income TTM 478.5m / Total Stockholder Equity 6.98b)
RoCE = 5.88% (EBIT 688.9m / Capital Employed (Equity 6.98b + L.T.Debt 4.74b))
RoIC = 5.37% (NOPAT 672.7m / Invested Capital 12.5b)
WACC = 5.67% (E(14.1b)/V(19.3b) * Re(6.34%) + D(5.17b)/V(19.3b) * Rd(3.95%) * (1-Tc(0.02)))
Discount Rate = 6.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -26.28 | Cagr: -0.53%
[DCF] Terminal Value 77.97% ; FCFF base≈834.9m ; Y1≈957.1m ; Y5≈1.41b
[DCF] Fair Price = 44.86 (EV 21.2b - Net Debt 5.08b = Equity 16.1b / Shares 359.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.32 | EPS CAGR: 12.71% | SUE: 0.38 | # QB: 0
Revenue Correlation: 99.52 | Revenue CAGR: 6.51% | SUE: 0.79 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.16 | Chg30d=+2.73% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=0.75 | Chg30d=+4.57% | Revisions=-25% | GrowthEPS=-38.7% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=0.65 | Chg30d=-1.56% | Revisions=-25% | GrowthEPS=-13.0% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: -50% (up=0, down=3)