American Homes 4 Rent AMH
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Full analysis: 31 Jul 2026
Latest news check: 1 Jul 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Existing position may be maintained at current valuation.
Stable profitability and improved operational data are balanced against high leverage and limited near-term catalysts.
Market sentiment
6/10
↑
Trend: Improving
Sentiment is positive driven by strong operational execution and new legislation favoring the company's strategy.
Price context
The stock trades around 33.21 USD, about 7 % below the 52-week high and 21 % above the lows, reflecting a stable but rate-sensitive REIT without clear momentum.
Risk assessment
5/10
Dilution:
Low
Large share repurchases reduce dilution risk
Jurisdiction:
Low
Operations solely in the US with stable regulation
Execution:
Low
Strong track record of efficient development and management
About the company
American Homes 4 Rent is a REIT that acquires, develops and manages single-family rental homes across the United States. The company owns over 60,000 properties primarily in Sun Belt states and operates its own build-to-rent development program.
Sector:
Real Estate Investment Trust (single-family rentals)
Type:
Other
Next report
31 Oct 2026
Q3
Catalysts
Q4 2026
Q3 report
High
Q4 2026
FED rate decision
High
Horizon:
Bull case
Strong Q2 report with raised guidance and significant share repurchases provide support.
Bear case
High leverage and potentially rising operating costs may pressure margins.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| Rental growth | Rental growth below expectations reduces Same-Home NOI and FFO growth. | Rental growth above expectations strengthens margins and cash flow. |
| AMH Development Program | Delayed deliveries of new homes reduce portfolio growth. | Higher delivery pace of new homes accelerates portfolio expansion. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Stable profitability and improved operational data are balanced against high leverage and limited near-term catalysts.
Recent news
- Q2 earnings showed EPS of $0.31 versus consensus $0.18. The company raised full-year Core FFO guidance and repurchased shares for $123 million.
Key figures
Revenue
Q2 2026
USD 470M
Revenue TTM
TTM
USD 1.9B
EBITDA
TTM
USD 1.0B
Net income
Q2 2026
USD 114M
Cash
Q2 2026
USD 83.7M
Total debt
Q2 2026
USD 5.2B
Gross margin
Q3 2025
65.0%
Shares outstanding
Q2 2026
364M
EPS
Q2 2026
USD 0.31
Price & valuation
Last close
USD 33.87
Market Cap
USD 12.3B
1 week
-2.1 %
3 months
+7.7 %
12 months
-1.1 %
From 52w high
-5.4 %
From 52w low
+23.7 %
Exchange
NYSE
Sector
Real Estate Investment Trust (single-family rentals)
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.