2023 Q4 Form 10-K Financial Statement

#000156240124000021 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $408.7M $1.624B
YoY Change 7.28% 8.93%
Cost Of Revenue $173.9M $722.8M
YoY Change 5.23% 8.73%
Gross Profit $234.7M $900.8M
YoY Change 8.85% 9.09%
Gross Profit Margin 57.44% 55.48%
Selling, General & Admin $18.49M $74.62M
YoY Change 23.73% 9.64%
% of Gross Profit 7.88% 8.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.8M $456.6M
YoY Change 2.58% 7.04%
% of Gross Profit 49.31% 50.68%
Operating Expenses $134.3M $1.411B
YoY Change 5.07% 6.59%
Operating Profit $100.5M -$510.3M
YoY Change 14.36% 2.45%
Interest Expense -$35.09M $140.2M
YoY Change -3.19% 3.95%
% of Operating Profit -34.92%
Other Income/Expense, Net $716.0K $9.798M
YoY Change 616.0% 42.72%
Pretax Income $90.94M $432.1M
YoY Change -12.38% 39.39%
Income Tax
% Of Pretax Income
Net Earnings $76.39M $432.1M
YoY Change -12.55% 39.39%
Net Earnings / Revenue 18.69% 26.62%
Basic Earnings Per Share $1.01
Diluted Earnings Per Share $0.36 $1.01
COMMON SHARES
Basic Shares Outstanding 362.0M shares
Diluted Shares Outstanding 362.5M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.39M $59.39M
YoY Change -14.13% -14.13%
Cash & Equivalents $59.39M $59.39M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $42.82M $42.82M
Other Receivables $0.00 $0.00
Total Short-Term Assets $102.2M $102.2M
YoY Change -12.57% -12.57%
LONG-TERM ASSETS
Property, Plant & Equipment $11.87B $11.87B
YoY Change 3.86% 3.86%
Goodwill $120.3M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $114.2M $114.2M
YoY Change 6.38% 6.38%
Other Assets $306.7M $306.7M
YoY Change 15.82% 15.82%
Total Long-Term Assets $12.59B $12.59B
YoY Change 4.38% 4.38%
TOTAL ASSETS
Total Short-Term Assets $102.2M $102.2M
Total Long-Term Assets $12.59B $12.59B
Total Assets $12.69B $12.69B
YoY Change 4.21% 4.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.06M $36.06M
YoY Change 530.46% 530.46%
Accrued Expenses $418.0M $418.0M
YoY Change 16.35% 16.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $573.7M $573.7M
YoY Change 18.43% 18.43%
LONG-TERM LIABILITIES
Long-Term Debt $4.462B $4.462B
YoY Change -1.2% -1.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.462B $4.462B
YoY Change -1.2% -1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $573.7M $573.7M
Total Long-Term Liabilities $4.462B $4.462B
Total Liabilities $5.035B $5.721B
YoY Change 0.7% 0.73%
SHAREHOLDERS EQUITY
Retained Earnings -$394.9M
YoY Change -10.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.968B $6.968B
YoY Change
Total Liabilities & Shareholders Equity $12.69B $12.69B
YoY Change 4.21% 4.21%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $76.39M $432.1M
YoY Change -12.55% 39.39%
Depreciation, Depletion And Amortization $115.8M $456.6M
YoY Change 2.58% 7.04%
Cash From Operating Activities $115.3M $738.7M
YoY Change 67.74% 10.99%
INVESTING ACTIVITIES
Capital Expenditures $329.7M $1.206B
YoY Change 10.87% -33.13%
Acquisitions
YoY Change
Other Investing Activities $102.4M $38.75M
YoY Change -26.59% -21.82%
Cash From Investing Activities -$227.3M -$692.6M
YoY Change 43.99% -51.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 91.19M -$42.21M
YoY Change 84.75% -105.37%
NET CHANGE
Cash From Operating Activities 115.3M $738.7M
Cash From Investing Activities -227.3M -$692.6M
Cash From Financing Activities 91.19M -$42.21M
Net Change In Cash -20.80M $3.901M
YoY Change -47.69% -85.11%
FREE CASH FLOW
Cash From Operating Activities $115.3M $738.7M
Capital Expenditures $329.7M $1.206B
Free Cash Flow -$214.4M -$467.0M
YoY Change -6.22% -58.94%

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25370000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
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310025000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
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456550000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
426531000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
372848000 usd
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CY2021 us-gaap Amortization Of Financing Costs
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CY2023 us-gaap Share Based Compensation
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25370000 usd
CY2022 us-gaap Share Based Compensation
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17792000 usd
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1227000 usd
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IncomeLossFromEquityMethodInvestments
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209834000 usd
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CY2022 us-gaap Increase Decrease In Due From Related Parties
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CY2021 us-gaap Increase Decrease In Due From Related Parties
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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469463000 usd
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ProceedsFromSaleOfRealEstateHeldforinvestment
292509000 usd
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34090000 usd
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PaymentsToAcquireInterestInJointVenture
29260000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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47736000 usd
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ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
68310000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
57550000 usd
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47681000 usd
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PaymentsForMaintenanceCapitalExpenditures
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PaymentsForMaintenanceCapitalExpenditures
138779000 usd
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PaymentsForMaintenanceCapitalExpenditures
122551000 usd
CY2023 amh Payments For Development Activities
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979848000 usd
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921423000 usd
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PaymentsForDevelopmentActivities
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1142000 usd
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14548000 usd
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PaymentsForDepositsOnLandOptionContracts
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38752000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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49570000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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22367000 usd
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-692578000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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-1425502000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
155000000 usd
CY2021 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
498750000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
6539000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4935000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4225000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3966000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4812000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2682000 usd
CY2023 us-gaap Repayments Of Accounts Receivable Securitization
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24470000 usd
CY2022 us-gaap Repayments Of Accounts Receivable Securitization
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22583000 usd
CY2021 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
24311000 usd
CY2023 us-gaap Proceeds From Issuance Of Unsecured Debt
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0 usd
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
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876813000 usd
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
737195000 usd
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CY2021 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
3999000 usd
CY2023 amh Proceeds From Liabilities Related To Consolidated Land Not Owned
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0 usd
CY2022 amh Proceeds From Liabilities Related To Consolidated Land Not Owned
ProceedsFromLiabilitiesRelatedToConsolidatedLandNotOwned
60217000 usd
CY2021 amh Proceeds From Liabilities Related To Consolidated Land Not Owned
ProceedsFromLiabilitiesRelatedToConsolidatedLandNotOwned
0 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
45071000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
36853000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
23170000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
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319498000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
252506000 usd
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PaymentsOfDividendsCommonStock
146243000 usd
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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13944000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
17081000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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8225000 usd
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-42210000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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786177000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1064955000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3901000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26193000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-73310000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217960000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191767000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
265077000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221861000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217960000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191767000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
128027000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
116404000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
95790000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
71637000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
71069000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
45392000 usd
CY2023 amh Transfer Of Completed Homebuilding Deliveries To Properties
TransferOfCompletedHomebuildingDeliveriesToProperties
683688000 usd
CY2022 amh Transfer Of Completed Homebuilding Deliveries To Properties
TransferOfCompletedHomebuildingDeliveriesToProperties
502207000 usd
CY2021 amh Transfer Of Completed Homebuilding Deliveries To Properties
TransferOfCompletedHomebuildingDeliveriesToProperties
395937000 usd
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
46109000 usd
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
35843000 usd
CY2021 us-gaap Contribution Of Property
ContributionOfProperty
57203000 usd
CY2023 amh Distributions Of Property
DistributionsOfProperty
0 usd
CY2022 amh Distributions Of Property
DistributionsOfProperty
8397000 usd
CY2021 amh Distributions Of Property
DistributionsOfProperty
0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
963000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5059000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1346000 usd
CY2023 amh Accrued Distributions To Affiliates Payable
AccruedDistributionsToAffiliatesPayable
1248000 usd
CY2022 amh Accrued Distributions To Affiliates Payable
AccruedDistributionsToAffiliatesPayable
404000 usd
CY2021 amh Accrued Distributions To Affiliates Payable
AccruedDistributionsToAffiliatesPayable
0 usd
CY2023 amh Accrued Distributions To Non Affiliates Payable
AccruedDistributionsToNonAffiliatesPayable
142000 usd
CY2022 amh Accrued Distributions To Non Affiliates Payable
AccruedDistributionsToNonAffiliatesPayable
106000 usd
CY2021 amh Accrued Distributions To Non Affiliates Payable
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0 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Organization and Operations <div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">American Homes 4 Rent (“AMH” or the “General Partner”) is an internally managed Maryland real estate investment trust (“REIT”) formed on October 19, 2012 for the purpose of acquiring, developing, renovating, leasing and managing single-family homes as rental properties. American Homes 4 Rent, L.P., a Delaware limited partnership formed on October 22, 2012, and its consolidated subsidiaries (collectively, the “Operating Partnership” or the “OP”) is the entity through which the Company conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. References to the “Company,” “we,” “our” and “us” mean collectively AMH, the Operating Partnership and those entities/subsidiaries owned or controlled by AMH and/or the Operating Partnership. As of December 31, 2023, the Company held 59,332 single-family properties in 21 states, including 862 properties classified as held for sale.</span></div>AMH is the general partner of, and as of December 31, 2023 owned approximately 87.7% of the common partnership interest in, the Operating Partnership. The remaining 12.3% of the common partnership interest was owned by limited partners. As the sole general partner of the Operating Partnership, AMH has exclusive control of the Operating Partnership’s day-to-day management. The Company’s management operates AMH and the Operating Partnership as one business, and the management of AMH consists of the same members as the management of the Operating Partnership. AMH’s primary function is acting as the general partner of the Operating Partnership. The only material asset of AMH is its partnership interest in the Operating Partnership. As a result, AMH generally does not conduct business itself, other than acting as the sole general partner of the Operating Partnership, issuing equity from time to time and guaranteeing certain debt of the Operating Partnership. AMH itself is not directly obligated under any indebtedness, but guarantees some of the debt of the Operating Partnership. The Operating Partnership owns substantially all of the assets of the Company, including the Company’s ownership interests in its joint ventures, either directly or through its subsidiaries, conducts the operations of the Company’s business and is structured as a limited partnership with no publicly traded equity. One difference between the Company and the Operating Partnership is $25.7 million of asset-backed securitization certificates issued by the Operating Partnership and purchased by AMH. The asset-backed securitization certificates are recorded as an asset-backed securitization certificates receivable by the Company and as an amount due from affiliates by the Operating Partnership. AMH contributes all net proceeds from its various equity offerings to the Operating Partnership. In return for those contributions, AMH receives Operating Partnership units (“OP units”) equal to the number of shares it has issued in the equity offering. Based on the terms of the Agreement of Limited Partnership of the Operating Partnership, as amended, OP units can be exchanged for shares on a one-for-one basis. Except for net proceeds from equity issuances by AMH, the Operating Partnership generates the capital required by the Company’s business through the Operating Partnership’s operations, by the Operating Partnership’s incurrence of indebtedness or through the issuance of OP units.
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
21 state
CY2023Q4 amh Asset Backed Securitization Certificates
AssetBackedSecuritizationCertificates
25700000 usd
CY2023 amh Operating Partnership Stock Exchange Ratio
OperatingPartnershipStockExchangeRatio
1
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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0 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
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0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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0 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
120300000 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023 amh Resident Lease Agreement Term
ResidentLeaseAgreementTerm
P1Y
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59385000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69155000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48198000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
162476000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
148805000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
143569000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221861000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217960000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191767000 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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0 usd
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CY2023 us-gaap Number Of Operating Segments
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CY2023Q4 us-gaap Real Estate Investment Property Net
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RealEstateInvestmentPropertyUndevelopedLand
563718000 usd
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RealEstateInvestmentPropertyPropertiesUnderDevelopment
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CY2023Q4 us-gaap Real Estate Heldforsale
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21426000 usd
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27000 usd
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26000 usd
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CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
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CY2022Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
5000000 usd
CY2023Q4 amh Escrow Deposits Prepaid Expenses And Other Assets
EscrowDepositsPrepaidExpensesAndOtherAssets
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EscrowDepositsPrepaidExpensesAndOtherAssets
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CommercialRealEstateVehiclesandFurnitureFixturesAndEquipmentNet
96862000 usd
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CommercialRealEstateVehiclesandFurnitureFixturesAndEquipmentNet
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FiniteLivedIntangibleAssetsNet
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FiniteLivedIntangibleAssetsNet
10237000 usd
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1053000 usd
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NotesReceivableNet
2383000 usd
CY2023Q4 amh Deposits Prepaid Expense And Other Assets
DepositsPrepaidExpenseAndOtherAssets
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DepositsPrepaidExpenseAndOtherAssets
331446000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
2865000 usd
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DeferredCostsLeasingGross
2375000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
22491000 usd
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DebtIssuanceCostsLineOfCreditArrangementsGross
22491000 usd
CY2023Q4 amh Deferred Costs And Intangible Assets Gross
DeferredCostsAndIntangibleAssetsGross
25356000 usd
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DeferredCostsAndIntangibleAssetsGross
24866000 usd
CY2023Q4 amh Deferred Costs And Intangible Assets Accumulated Amortization
DeferredCostsAndIntangibleAssetsAccumulatedAmortization
17726000 usd
CY2022Q4 amh Deferred Costs And Intangible Assets Accumulated Amortization
DeferredCostsAndIntangibleAssetsAccumulatedAmortization
14629000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7630000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10237000 usd
CY2023 amh Amortization Of Intangible Assets Deferred Leasing Costs
AmortizationOfIntangibleAssetsDeferredLeasingCosts
3000000 usd
CY2022 amh Amortization Of Intangible Assets Deferred Leasing Costs
AmortizationOfIntangibleAssetsDeferredLeasingCosts
2700000 usd
CY2021 amh Amortization Of Intangible Assets Deferred Leasing Costs
AmortizationOfIntangibleAssetsDeferredLeasingCosts
3900000 usd
CY2023 amh Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
2700000 usd
CY2022 amh Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
2700000 usd
CY2021 amh Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
2500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4124000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2722000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
784000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7630000 usd
CY2023Q4 amh Equity Method Investments Completed Homes
EquityMethodInvestmentsCompletedHomes
2978 home
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
114198000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
107347000 usd
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DebtInstrumentCarryingAmount
4517158000 usd
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DebtInstrumentCarryingAmount
4581628000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
32981000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
36099000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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22530000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
29531000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4461647000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4515998000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
948864000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10302000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
100302000 usd
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10302000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
510302000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
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CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
195430000 usd
CY2022 us-gaap Interest Costs Incurred
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186956000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
148689000 usd
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
55232000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
52085000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
33796000 usd
CY2023 us-gaap Interest Expense
InterestExpense
140198000 usd
CY2022 us-gaap Interest Expense
InterestExpense
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CY2021 us-gaap Interest Expense
InterestExpense
114893000 usd
CY2023Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
119577000 usd
CY2022Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
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CY2023Q4 amh Liability For Consolidated Land Not Owned
LiabilityForConsolidatedLandNotOwned
108688000 usd
CY2022Q4 amh Liability For Consolidated Land Not Owned
LiabilityForConsolidatedLandNotOwned
69434000 usd
CY2023Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
94004000 usd
CY2022Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
86775000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
59015000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
51586000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
40017000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
40126000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
36056000 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
5719000 usd
CY2023Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
30320000 usd
CY2022Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
26922000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18288000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20755000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
67695000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
63700000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
573660000 usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
484403000 usd
CY2023 amh Operating Partnership Stock Exchange Ratio
OperatingPartnershipStockExchangeRatio
1
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9200000 shares
CY2023Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
230000000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9200000 shares
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
230000000 usd
CY2023Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2023 amh Preferred Stock Threshold Period For Redemption Following Change In Control
PreferredStockThresholdPeriodForRedemptionFollowingChangeInControl
P120D
CY2023Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25370000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27308000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17792000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
432142000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
310025000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
210559000 usd
CY2023 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
51974000 usd
CY2022 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
36887000 usd
CY2021 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
21467000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13944000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
17081000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
37923000 usd
CY2023 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 usd
CY2022 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5276000 usd
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
15879000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1083000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
767000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
418000 usd
CY2023 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesBasic
365141000 usd
CY2023 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesDiluted
365141000 usd
CY2022 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesBasic
250014000 usd
CY2022 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesDiluted
250014000 usd
CY2021 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Diluted
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesDiluted
134872000 usd
CY2021 amh Net Income Loss Available To Common Stockholders Including Allocation To Participating Securities Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAllocationToParticipatingSecuritiesBasic
134872000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
362024968 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
349290848 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
324245168 shares
CY2023 amh Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Forward Sale Equity Contracts
IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndForwardSaleEquityContracts
452248 shares
CY2022 amh Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Forward Sale Equity Contracts
IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndForwardSaleEquityContracts
496244 shares
CY2021 amh Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Forward Sale Equity Contracts
IncrementalCommonSharesAttributableToDilutiveEffectOfShareBasedPaymentArrangementsAndForwardSaleEquityContracts
1273123 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
362477216 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
349787092 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
325518291 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2023 amh Operating Partnership Stock Exchange Ratio
OperatingPartnershipStockExchangeRatio
1
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
4014000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
3897000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3957000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.026
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4080000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3764000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2916000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2470000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2010000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4728000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19968000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1680000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18288000 usd
CY2023Q4 amh Numberof Real Estate Properties Heldfor Salein Escrow
NumberofRealEstatePropertiesHeldforSaleinEscrow
173 singlefamilyproperty
CY2023Q4 amh Number Of Land Lots Held For Sale In Escrow
NumberOfLandLotsHeldForSaleInEscrow
202000 lot
CY2023Q4 amh Expected Proceedsfrom Saleof Property Heldforsale
ExpectedProceedsfromSaleofPropertyHeldforsale
78400000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3600000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3100000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2500000 usd
CY2023 srt Sec Schedule Iii Real Estate Number Of Units
SECScheduleIIIRealEstateNumberOfUnits
59332 singlefamilyproperty
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
3219958000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2729546000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
8939661000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
792889000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
2054580000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
3522435000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
10994241000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14516676000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2759451000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
11757225000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
14500000000 usd

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