American Homes 4 Rent (NYSE: AMH) is a residential real estate investment trust (REIT) that owns and operates single-family rental homes across the United States. The company makes money by leasing those homes to tenants under residential rental agreements, collecting recurring monthly rent as its primary revenue source. AMH is structured as a Maryland REIT that acts as the sole general partner of its operating entity, American Homes 4 Rent, L.P., a Delaware limited partnership that owns substantially all of the company's assets and conducts its operations. The REIT elects pass-through tax treatment, distributing income to shareholders. AMH's Class A common shares trade on the New York Stock Exchange. The 10-K covering fiscal year ended December 31, 2025, was filed February 20, 2026.

Revenue model

Rental income from single-family homes leased to residential tenants on a recurring basis. AMH also uses equity offerings to raise capital, with net proceeds contributed to the Operating Partnership in exchange for OP units.

Products and services

Single-family rental homes owned and leased to residential tenants. The company also holds ownership interests in joint ventures, as disclosed in the FY2025 10-K.

Customers and end markets

Individual residential tenants leasing single-family homes. End market is the U.S. residential rental housing market.

Value-chain role

Property owner and operator. AMH acquires, owns, and manages single-family rental homes, acting as landlord directly to residential tenants.

Geographic exposure

United States. Specific market or state breakdown not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-20

Industry: Real Estate Investment Trusts Peers: Apartment Income REIT Corp. AvalonBay Communities Inc Camden Property Trust Independence Realty Trust, Inc Equity LifeStyle Properties Inc Essex Property Trust Inc PREFERRED APARTMENT COMMUNITIES INC Sun Communities Inc UDR Inc