Overview
American Homes 4 Rent (AMH) is a U.S. residential real estate investment trust (REIT) focused on developing, renovating, leasing and managing single-family homes as rental housing. Its portfolio includes existing homes and purpose-built rentals, and the company describes its objective as generating risk-adjusted returns for shareholders through these activities.[1][2]
As of June 30, 2026, AMH owned 61,183 homes across 24 U.S. states, including homes held for sale; it also held interests in 3,961 homes through unconsolidated joint ventures.[3] For 2025, rents and other revenue from single-family properties totaled approximately $1.85 billion.[4] The company’s stated mission is “to deliver the joys of single-family living.” [5] [1][2][3][4][5][5]
Products & services
American Homes 4 Rent’s core product is single-family rental housing, including homes built through its AMH Development Program and newly constructed homes acquired from third-party builders through its National Builder Program. The company also renovates homes before leasing; renovation work may include paint, flooring, cabinetry, appliances, and plumbing hardware. The 2026 filing reports typical renovation costs of $30,000–$50,000 per home and completion times of approximately 20–90 days.[6][7][8]
Home features shown in AMH listings include fenced yards, granite or quartz countertops, stainless-steel appliances, luxury vinyl plank flooring, and attached garages; some communities offer pools, fitness centers, playgrounds, trails, and dog parks. Features and layouts vary by property and are not portfolio-wide specifications.[9][10] Resident-facing services include Let Yourself In® self-guided tours and myAMH online tools for payments, maintenance requests, lease documents, and other account services. Reported property fees are aggregated rather than itemized by service type.[11][12][13][14][15] [6][7][8][9][10][11][12][13][14][15][9][10][11][12][13]
Geographic presence
As of June 30, 2026, American Homes 4 Rent reported 60,482 single-family properties across its listed markets, excluding 701 properties held for sale. Its named markets span the Southeast, Midwest, Southwest and Mountain West, with Seattle also represented; examples include Atlanta, Charlotte, Jacksonville, Nashville, Tampa, Chicago, Indianapolis, Dallas–Fort Worth, Phoenix, Las Vegas, Salt Lake City and Boise. The “All Other” category comprises 16 markets in 15 states.[16][17][18]
The company’s filing describes its operations as one geographically diversified reportable segment and does not provide revenue or rent percentages by region. It reports market-level average realized rents, but not geographic revenue shares.[19][20]
AMH lists its corporate office at 280 Pilot Road, Las Vegas, Nevada; its offices page also identifies district offices serving operating markets.[21][22][23] [16][17][18][19][20][21][22][23]
Business segments
American Homes 4 Rent reports one operating and reportable segment: a geographically diversified portfolio of single-family rental homes. Its activities include developing, renovating, leasing, and managing homes; revenue is primarily from leasing homes to tenants and from certain tenant fees. The sole reportable segment represents 100% of reported segment activity, with no separate business-segment revenue split disclosed.[19]
The company also presents property-cohort categories, which are not reportable business segments. For the six months ended June 30, 2026, Same-Home core revenues were approximately 89.5% of total core revenues, while Non-Same-Home and Other were approximately 10.5%.[14] [19][14]
Company history
B. Wayne Hughes founded American Homes 4 Rent in 2011; the company identifies October 2012 as its inception as a real estate investment trust.[24][25] It launched its initial public offering on August 1, 2013, with approximately 20,000 homes.[26]
On March 1, 2016, American Homes 4 Rent completed a merger with American Residential Properties in a transaction valued at approximately $1.3 billion.[27] In 2017, it launched an in-house home development program, and in 2024 it announced delivery of its 10,000th home built through the program.[28] Hughes retired from the board in 2019; Bryan Smith, previously chief operating officer, succeeded David P. Singelyn as chief executive officer on January 1, 2025.[25][29] [19][24][25][26][27][28][29]
Sources
- American Homes 4 Rent — Full financial report (2025 Y)
- American Homes 4 Rent — Full financial report (2026 Q 2)
- www.amh.com[5]
- communities.amh.com[9]
- communities.amh.com[10]
- www.amh.com[11]
- communities.amh.com[12]
- www.amh.com[13]
- www.amh.com[23]
- investors.amh.com[24]
- investors.amh.com[25]
- www.amh.com[26]
- investors.amh.com[27]
- investors.amh.com[28]
- investors.amh.com[29]
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