(AMH) American Homes 4 Rent - NYSE
Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 12.971m USD | Total Return: -1.6% in 12m
Avg Turnover: 83.9M
EPS Trend: 87.5%
Qual. Beats: 10
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality
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: 470.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.17 > 1.0 |
| NWC/Revenue: -28.37% < 20% (prev -31.27%; Δ 2.90% < -1%) |
| CFO/TA 0.06 > 3% & CFO 844.0m > Net Income 470.4m |
| Net Debt (5.10b) to EBITDA (1.24b): 4.11 < 3 |
| Current Ratio: 0.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (364.5m) vs 12m ago -1.69% < -2% |
| Gross Margin: 30.20% > 18% (prev 55.71%; Δ -25.51% > 0.5%) |
| Asset Turnover: 14.11% > 50% (prev 13.28%; Δ 0.83% > 0%) |
| Interest Coverage Ratio: 3.65 > 6 (EBIT TTM 734.5m / Interest Expense TTM 201.0m) |
| A: -0.04 (Total Current Assets 256.4m - Total Current Liabilities 786.1m) / Total Assets 13.2b |
| B: -0.03 (Retained Earnings -380.2m / Total Assets 13.2b) |
| C: 0.06 (EBIT TTM 734.5m / Avg Total Assets 13.2b) |
| D: 1.24 (Book Value of Equity 6.93b / Total Liabilities 5.58b) |
| Altman-Z'' = 1.32 = BB |
| DSRI: 0.87 (Receivables 48.2m/52.5m, Revenue 1.87b/1.76b) |
| GMI: 1.84 (GM 55.71% / 30.20%) |
| AQI: 1.00 (AQ_t 0.98 / AQ_t-1 0.98) |
| SGI: 1.06 (Revenue 1.87b / 1.76b) |
| TATA: -0.03 (NI 470.4m - CFO 844.0m) / TA 13.2b) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of June 29, 2026, the stock is trading at USD 34.09 with a total of 2,254,997 shares traded. Over the past week, the price has changed by +7.51%, over one month by +7.63%, over three months by +23.28% and over the past year by -1.62%.
Current recommended Stop Loss: 33.20 (which is 2.6% or 1.4 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 | 35.8 | 4.9% |
P/E Trailing = 25.7236
P/E Forward = 24.3309
P/S = 6.9624
P/B = 1.6433
P/EG = 29.82
Revenue TTM = 1.87b USD
EBIT TTM = 734.5m USD
EBITDA TTM = 1.24b USD
Long Term Debt = 4.74b USD (from longTermDebt, last quarter)
Short Term Debt = 390.0m USD (from shortTermDebt, last quarter)
Debt = 5.16b USD (from shortLongTermDebtTotal, last quarter) + Leases 17.5m
Net Debt = 5.10b USD (calculated: Debt 5.16b - CCE 63.3m)
Enterprise Value = 18.1b USD (13.0b + Debt 5.16b - CCE 63.3m)
Interest Coverage Ratio = 3.65 (Ebit TTM 734.5m / Interest Expense TTM 201.0m)
EV/FCF = 21.22x (Enterprise Value 18.1b / FCF TTM 851.7m)
FCF Yield = 4.71% (FCF TTM 851.7m / Enterprise Value 18.1b)
FCF Margin = 45.61% (FCF TTM 851.7m / Revenue TTM 1.87b)
Net Margin = 25.19% (Net Income TTM 470.4m / Revenue TTM 1.87b)
Gross Margin = 30.20% ((Revenue TTM 1.87b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 3.49% (prev 4.55%)
Tobins Q-Ratio = 1.37 (Enterprise Value 18.1b / Total Assets 13.2b)
Interest Expense / Debt = 3.89% (Interest Expense 201.0m / Debt 5.16b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 580.3m (EBIT 734.5m * (1 - 21.00%))
Current Ratio = 0.33 (Total Current Assets 256.4m / Total Current Liabilities 786.1m)
Debt / Equity = 0.75 (Debt 5.16b / totalStockholderEquity, last quarter 6.93b)
Debt / EBITDA = 4.11 (Net Debt 5.10b / EBITDA 1.24b)
Debt / FCF = 5.99 (Net Debt 5.10b / FCF TTM 851.7m)
Total Stockholder Equity = 7.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.56% (Net Income 470.4m / Total Assets 13.2b)
RoE = 6.65% (Net Income TTM 470.4m / Total Stockholder Equity 7.07b)
RoCE = 6.22% (EBIT 734.5m / Capital Employed (Equity 7.07b + L.T.Debt 4.74b))
RoIC = 4.56% (NOPAT 580.3m / Invested Capital 12.7b)
WACC = 5.06% (E(13.0b)/V(18.1b) * Re(5.85%) + D(5.16b)/V(18.1b) * Rd(3.89%) * (1-Tc(0.21)))
Discount Rate = 5.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.11 | Cagr: 0.13%
[DCF] Terminal Value 77.97% ; FCFF base≈792.7m ; Y1≈908.7m ; Y5≈1.34b
[DCF] Fair Price = 41.84 (EV 20.1b - Net Debt 5.10b = Equity 15.0b / Shares 359.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.52 | EPS CAGR: 9.69% | SUE: 4.0 | # QB: 10
Revenue Correlation: 99.83 | Revenue CAGR: 6.84% | SUE: 0.33 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=N/A | Revisions=-20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.15 | Chg30d=N/A | Revisions=-20% | Analysts=4
EPS current Year (2026-12-31): EPS=0.71 | Chg30d=+18.01% | Revisions=-20% | GrowthEPS=-41.4% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=0.66 | Chg30d=-4.42% | Revisions=-20% | GrowthEPS=-7.6% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -20%