American Homes 4 Rent
American Homes 4 Rent is a publicly traded REIT (NYSE: AMH) that owns and operates more than 59,000 single-family rental homes across 21 states, serving individual households and families through a direct-to-consumer leasing platform and a vertically integrated build-for-rent development program.
- Company typePublic
- Founded2011
- HeadquartersAgoura Hills, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What American Homes 4 Rent does
American Homes 4 Rent (NYSE: AMH) is a Maryland-incorporated real estate investment trust that acquires, develops, and operates a portfolio of more than 59,000 single-family rental homes across 21 states, primarily in Sunbelt, Midwest, and West Coast markets. The company serves individual households and families seeking professionally managed single-family rentals as an alternative to homeownership in supply-constrained or high-cost housing markets, and generates recurring monthly rental income through direct-to-consumer leasing via its website (amh.com), call center, and on-site property management teams. Its core platform consists of AMH Living/AMH Homes (the rental product), the 4Residents portal (online payments and maintenance requests), the Let Yourself In smart-lock access system, and AMH Development, a vertically integrated build-for-rent construction program that delivered over 2,300 new homes in 2025.
AMH makes money primarily through monthly rental income on its owned single-family home portfolio, with FY2025 revenue of $1.9 billion (up 8% year-over-year), $439 million in net income, a 27% net margin, and 95%+ same-home occupancy. The business model is asset-heavy and capital-intensive, funded through a mix of investment-grade debt (BBB-rated, with over $3.15 billion in senior notes priced between 2022 and 2025, including a $600 million green bond) and equity capital markets, with a dividend yield of approximately 4.51% and five consecutive years of double-digit dividend growth. The company is transitioning from an acquisition-led growth model to a development-led one through AMH Development, a strategic pivot accelerated by the January 2026 announcement of potential federal restrictions on large institutional purchases of single-family homes. Leadership is provided by CEO Bryan Smith, and the company reported 2026 Core FFO guidance of $1.89–$1.95 per share against 2025 actual of $1.87 per share.
American Homes 4 Rent firmographics
Firmographics- Name
- American Homes 4 Rent
- Legal name
- American Homes 4 Rent, LP
- Website
- https://americanhomes4rent.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- American Homes 4 Rent is a publicly traded REIT (NYSE: AMH) that owns and operates more than 59,000 single-family rental homes across 21 states, serving individual households and families through a direct-to-consumer leasing platform and a vertically integrated build-for-rent development program.
- Ownership category
- akta.pro rank
American Homes 4 Rent industry classification
Industry- Product category
- Single-Family Rental Housing
- NAICS
- New Single-Family Housing Construction (except For-Sale Builders) (236115)
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Single-Family Rental (SFR) Property Management (BPAJAFAB)
Keywords
Where American Homes 4 Rent is headquartered
LocationHeadquarters
- HQ city
- Agoura Hills
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
American Homes 4 Rent business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Others, Marketing or Sales, Technology or R&D
Revenue model
- Single-Family Residential Rentals: Primary revenue stream from renting single-family homes to individual households. The company owns and manages over 59,000 homes across 21 states, generating recurring monthly rental income. Revenue grew 8% year-over-year to $1.9 billion in FY2025.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Variable rental pricing based on location, home type, and amenities |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
American Homes 4 Rent product offering
Product offeringCore offering
American Homes 4 Rent (AMH) owns, manages, and develops single-family homes for rent across 21 states in the United States, operating a portfolio of over 59,000 homes that generates recurring monthly rental income from individual and family tenants. The vertically integrated platform combines large-scale home ownership, in-house property management and maintenance, and a build-to-rent development program that constructs new homes specifically for the rental portfolio rather than relying solely on acquisitions. Revenue is generated primarily through monthly residential leases marketed directly to consumers through the company's website, call center, and on-site offices.
Product overview
American Homes 4 Rent (AMH) is a single-family rental real estate investment trust (REIT) that operates a vertically integrated platform consisting of over 59,000 rental homes across 21 states. The core offering is AMH Living / AMH Homes, providing residents with detached single-family homes for lease. Supporting the core rental business, AMH offers technology-enabled resident services through the 4Residents® platform (for maintenance requests and online payments) and the Let Yourself In® smart home access system. The company also operates AMH Development®, a build-for-rent program that constructs new homes to expand the portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- Let Yourself In: Brand for the company's keyless entry and smart home technology program for residents
- AMH Development
Products and services
- AMH Homes / AMH Living (Single-Family Rental Residences) Single-family detached residential rental homes leased directly to individual households and families across 21 states, marketed under AMH Homes / AMH Living and related DBA brands and supported by in-house property management, maintenance, the Let Yourself In® smart lock system, and the 4Residents® online portal.
- AMH Development® (Build-to-Rent Development Program) Vertically integrated build-to-rent development program that constructs new single-family homes for the AMH rental portfolio, delivering 539-2,300+ newly built homes annually (over 2,300 in 2025) with planned 2026 capital deployment of approximately $750 million to add approximately 1,900 new homes.
Quantifiable outcome
- 95%+ same-home occupancy rate
- +3 more outcomes
Companies that use American Homes 4 Rent
Customer profileSegments1 record
Ideal customer profiles2 records
American Homes 4 Rent technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
American Homes 4 Rent partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights5 records
American Homes 4 Rent competitors and assessment
Company assessmentDirect peers
- Invitation Homes: Invitation Homes is the largest publicly traded single-family rental REIT (NYSE: INVH), operating ~85,000 homes across the U.S. It is the closest direct competitor to AMH in SFR property acquisition, build-to-rent development, and resident services technology.
- Tricon Residential: Tricon Residential (NYSE: TCN, now under Blackstone acquisition) operates approximately 38,000 single-family rental homes in the U.S. and Canada, with a vertically integrated SFR platform that directly competes with AMH's acquisition and development programs.
- Progress Residential: Progress Residential is one of the largest private SFR operators (~85,000 homes) and a direct competitor to AMH in the institutional single-family rental space, with similar Sunbelt concentration and resident-facing technology offerings.
- FirstKey Homes: FirstKey Homes is a major private single-family rental operator (~40,000+ homes), spun out of Cerberus Capital Management. It directly competes with AMH in Sunbelt and Midwest rental markets with comparable resident service platforms.
- Pretium Partners: Pretium is a large alternative asset manager with significant SFR exposure via Pretium SFR, including ownership of Front Yard Residential. It is a direct competitor in institutional SFR investing, build-to-rent development, and rental housing at scale.
Emerging players
- JLL Income Property Trust: JLL Income Property Trust is a non-traded REIT that includes single-family rental and multifamily exposure. While smaller and more diversified than AMH, it overlaps in Sunbelt rental housing as an institutional investor.
- NexPoint Residential Trust: NexPoint Residential Trust (NYSE: NXRT) is a smaller REIT focused on multifamily (Class B) value-add housing in Sunbelt markets. It is comparable to AMH in its Sunbelt geographic focus and institutional landlord model, though primarily multifamily rather than single-family.
- American Realty Investors: American Realty Investors (NYSE: ARL) is a smaller real estate company with multifamily and single-family rental exposure. It is comparable as an institutional residential landlord, though smaller and less specialized in SFR than AMH.
Broad incumbents
- Mid-America Apartment Communities: MAA (NYSE: MAA) is the largest U.S. multifamily REIT, with Sunbelt concentration and an institutional landlord model that overlaps with AMH's strategy and geography, though focused on garden-style apartments rather than detached single-family homes.
- Blackstone Real Estate Income Trust: BREIT is the largest non-traded real estate investment trust, with massive exposure to single-family rental housing (via Tricon, Home Partners of America, and other vehicles). It is a broad incumbent that competes with AMH for institutional SFR assets and capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
American Homes 4 Rent social profiles
Digital presenceAmerican Homes 4 Rent financial estimates
Financial estimateRevenue estimate
Valuation estimate
American Homes 4 Rent leadership team
Management profileNumber of profiles
Profiles1 record
American Homes 4 Rent funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
American Homes 4 Rent M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about American Homes 4 Rent
What does American Homes 4 Rent do?
American Homes 4 Rent (AMH) owns, manages, and develops single-family homes for rent across 21 states in the United States, operating a portfolio of over 59,000 homes that generates recurring monthly rental income from individual and family tenants. The vertically integrated platform combines large-scale home ownership, in-house property management and maintenance, and a build-to-rent development program that constructs new homes specifically for the rental portfolio rather than relying solely on acquisitions. Revenue is generated primarily through monthly residential leases marketed directly to consumers through the company's website, call center, and on-site offices.
Is American Homes 4 Rent a public or private company?
American Homes 4 Rent is a public company. It is classified as public and is currently operating.
When was American Homes 4 Rent founded?
American Homes 4 Rent was founded in 2011. It employs 1,001 to 5,000 people.
Where is American Homes 4 Rent based?
American Homes 4 Rent is headquartered in Agoura Hills, United States, in the North America region.
How does American Homes 4 Rent make money?
One revenue line is on record: single-Family Residential Rentals.
Who are American Homes 4 Rent's main competitors?
Direct peers on record are Invitation Homes, Tricon Residential, Progress Residential, FirstKey Homes and Pretium Partners. Emerging players are JLL Income Property Trust, NexPoint Residential Trust and American Realty Investors. Broad incumbents are Mid-America Apartment Communities and Blackstone Real Estate Income Trust.
Does American Homes 4 Rent have an API?
No public API is recorded for American Homes 4 Rent.
What industry is American Homes 4 Rent in?
American Homes 4 Rent's product category is Single-Family Rental Housing. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management. Its NAICS code is 236115 and its SIC code is 7340.