NYSE$AMH

American Homes 4 Rent · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

American Homes 4 Rent reported Q3 2025, revenue of $472M, net income of $116.8M, diluted EPS of $0.27.

For Q3 2025, American Homes 4 Rent reported revenue of $472M, net income of $116.8M, diluted EPS was $0.27. Management discusses segment trends, capital allocation, and macro risks in the quarterly filing.

  • Revenue $472M.
  • Net income $116.8M.
  • Diluted EPS $0.27.
  • American Homes 4 Rent MD&A highlights operating priorities and liquidity.
  • Segment and geographic mix shape year-over-year comparisons.

Headline financials

Total Revenue

$478M

Previous: $445M+7.5%
EPS (adj)

$0.27

Previous: $0.20+35.0%
Core NOI - Total Portfolio

$264M

No prior period
Core NOI - Same-Home

$235M

No prior period
Avg Occupied Days %

95.9%

No prior period
Blended Rate Growth

3.5%

No prior period
Renewal Lease Rate Growth

4.0%

No prior period
New Lease Rate Growth

2.5%

No prior period
Homes Delivered

651

No prior period
Capital Expenditures

-$49.3M

Previous: -$41.8M-18.1%
Net Income

$117M

Previous: $87.6M+33.3%
Operating Income

$64.5M

Previous: $306M-78.9%

Revenue & EPS history

American Homes 4 Rent · Revenue · Quarterly

$478M

Q3 2025+7.5%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

American Homes 4 Rent · $422M total across 1 segment · Q3 2023

  • Single-family property revenues
    $422M+7.7%

Forward guidance

Real estate and infrastructure REITs emphasize occupancy, rents, refinancing, and cap rates.

Tailwinds

  • Leasing spreads and renewal rates.
  • Development and acquisition pipeline.
  • Balance-sheet liquidity.

Headwinds

  • Interest rates and cap-rate expansion.
  • Tenant health and refinancing walls.
  • Fair-value marks on investments.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.3%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

53%

27 / 51 earnings

Positive

+7.6%

Q3 2023

Best reaction

-5.3%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-2.7%+2.5%
Q4 2025-4.2%-3.4%-11.3%
Q3 2025+0.8%+1.0%+0.8%
Q1 2025+3.6%+2.4%-0.1%
Q4 2024-1.6%-2.5%+1.9%
Q3 2024-4.0%-8.4%+1.0%
Q2 2024+4.6%+5.5%+10.2%
Q1 2024-0.5%+1.5%+0.3%
Q4 2023+1.5%+4.1%+4.6%
Q3 2023+7.6%+5.3%+12.3%
Q2 2023+0.8%+1.6%-3.8%
Q1 2023+5.4%+5.9%+4.9%
Q4 2022-4.0%-5.6%-9.2%
Q3 2022-2.9%-4.9%+4.3%
Q2 2022-0.0%+0.4%-5.5%
Q1 2022-2.3%-6.8%-2.3%
Q4 2021+3.9%+0.8%+4.9%
Q3 2021-2.8%-1.7%-0.4%
Q2 2021+0.6%-2.1%+1.8%
Q1 2021+2.9%+2.1%+5.9%
Q4 2020-1.8%-4.1%+7.0%
Q3 2020+3.9%-1.4%+0.4%
Q2 2020+0.6%-3.1%-1.4%
Q1 2020+3.6%-0.7%+13.4%
Q4 2019-4.6%+2.7%-14.8%
Q3 2019-0.6%-0.7%+1.9%
Q2 2019-0.6%-3.0%+2.1%
Q1 2019+1.7%-0.9%+2.2%
Q4 2018-3.5%-3.4%-0.4%
Q3 2018-5.3%-5.6%-1.1%
Q2 2018+1.1%+0.9%+3.8%
Q1 2018+1.3%+1.7%-0.3%
Q4 2017+1.0%+1.1%-0.2%
Q3 2017-0.2%+2.1%+0.5%
Q2 2017-1.1%-2.5%-2.2%
Q1 2017-2.9%-3.1%+1.1%
Q4 2016+2.0%+2.5%+0.8%
Q3 2016+5.2%+5.1%+3.0%
Q2 2016+4.4%+5.2%+3.8%
Q1 2016+5.9%
Q4 2015+4.6%
Q3 2015-3.6%
Q2 2015-4.5%
Q1 2015+1.8%
Q4 2014+0.9%
Q3 2014-2.5%
Q2 2014-0.7%
Q1 2014+1.5%
Q4 2013-1.5%
Q3 2013+0.7%
Q2 2013-1.4%
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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