AMH - American Homes 4 Rent
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$34.64
DETAILS
HIGH:
$37.50
LOW:
$32.00
MEDIAN:
$35.00
CONSENSUS:
$34.64
UPSIDE:
7.34%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 1,866.2 | 1,728.7 | 1,623.6 | 1,490.5 | 1,303.9 | 1,172.5 | 1,132.1 | 1,072.9 | 960.4 | 878.9 | 630.6 | 398.9 | 139.0 | 4.5 | 0.1 |
| Cost of Revenue | 1,803.4 | 767.4 | 739.7 | 688.2 | 602.8 | 549.5 | 524.0 | 492.7 | 429.4 | 393.7 | 310.3 | 207.2 | 78.6 | 4.5 | 0.1 |
| Gross Profit | 62.8 | 961.3 | 883.9 | 802.3 | 701.1 | 623.1 | 608.2 | 580.2 | 531.0 | 485.2 | 320.3 | 191.7 | 60.5 | 0.1 | 0.0 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 83.0 | 87.0 | 77.6 | 70.8 | 56.4 | 48.5 | 43.2 | 36.6 | 34.7 | 33.1 | 26.9 | 24.5 | 16.3 | 8.2 | 0.0 |
| Other Expenses | (472.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | (389.1) | 87.0 | 77.6 | 70.8 | 56.4 | 48.5 | 43.2 | 36.6 | 34.7 | 33.1 | 26.9 | 24.5 | 80.2 | 10.3 | 0.0 |
| Operating Income | |||||||||||||||
| Operating Income | 451.9 | 874.3 | 806.3 | 731.5 | 644.6 | 574.5 | 564.9 | 543.6 | 496.3 | 452.1 | 293.4 | 167.1 | (26.8) | (10.2) | (0.0) |
| Interest Expense | 185.2 | 165.4 | 140.2 | 134.9 | 114.9 | 117.0 | 127.1 | 122.9 | 112.6 | 130.8 | 89.4 | 19.9 | 0.4 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 1,202.9 | 874.3 | 806.3 | 731.5 | 640.7 | 570.4 | 556.9 | 532.6 | 487.1 | 420.9 | 280.3 | 152.0 | 33.5 | (8.1) | (0.0) |
| EBIT | 698.6 | 400.7 | 352.7 | 307.7 | 271.8 | 231.4 | 235.7 | 224.9 | 199.0 | 153.5 | 50.6 | 1.6 | (26.8) | (10.2) | (0.0) |
| Income Before Tax | 513.4 | 468.1 | 432.1 | 310.0 | 210.6 | 154.8 | 156.3 | 112.4 | 76.5 | 10.4 | (47.9) | (33.1) | (20.1) | (10.2) | (0.0) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 453.0 | 412.4 | 380.2 | 273.1 | 189.1 | 140.4 | 141.0 | 108.3 | 81.0 | 6.7 | (62.3) | (48.1) | (32.3) | (10.2) | (0.0) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.18 | 1.08 | 1.01 | 0.72 | 0.42 | 0.28 | 0.29 | 0.08 | -0.08 | -0.14 | -0.40 | -0.34 | -0.36 | -1.42 | -0.00 |
| EPS (Diluted) | 1.18 | 1.08 | 1.01 | 0.71 | 0.41 | 0.28 | 0.29 | 0.08 | -0.08 | -0.14 | -0.40 | -0.34 | -0.36 | -1.42 | -0.00 |
| Shares Outstanding | 370.6 | 367.5 | 362.0 | 349.3 | 324.2 | 306.6 | 299.4 | 293.6 | 264.3 | 234.0 | 210.6 | 196.3 | 123.6 | 72.2 | 91.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 108.5 | 199.4 | 59.4 | 69.2 | 48.2 | 137.1 | 37.6 | 30.3 | 46.2 | 118.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 43.1 | 49.0 | 43.9 | 50.1 | 76.9 | 41.5 | 29.6 | 29.0 | 30.1 | 17.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 122.2 | 150.8 | 162.5 | 148.8 | 143.6 | 163.5 | 126.5 | (1.1) | (35.2) | (2.2) |
| Total Current Assets | 273.8 | 399.2 | 265.7 | 268.1 | 268.7 | 342.1 | 230.6 | 204.2 | 213.0 | 267.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 14.7 | 16.6 | 19.1 | 17.3 | 18.8 | 3.8 | 0 | 8,065.0 | 7,547.9 |
| Goodwill | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 | 120.3 |
| Intangible Assets | 0 | 0 | 0 | 0 | 13.1 | 4.9 | (8.1) | (10.5) | (5.2) | (2.1) |
| Long-Term Investments | 12,502.7 | 159.1 | 139.9 | 133.0 | 147.6 | 118.8 | 93.6 | 25.7 | 25.7 | 25.7 |
| Other Non-Current Assets | 345.4 | 12,687.8 | 12,145.7 | 11,634.5 | 10,395.4 | 8,988.8 | 8,660.0 | 8,661.8 | 190.1 | 147.6 |
| Total Non-Current Assets | 12,968.3 | 12,982.0 | 12,422.5 | 11,907.0 | 10,693.7 | 9,251.5 | 8,869.5 | 8,797.2 | 8,395.8 | 7,839.4 |
| Total Assets | 13,242.1 | 13,381.2 | 12,688.2 | 12,175.1 | 10,962.4 | 9,593.6 | 9,100.1 | 9,001.5 | 8,608.8 | 8,107.2 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0.1 | 36.1 | 5.7 | 1.1 | 0.4 | 5.0 | 0.2 | 1.7 | 0.0 |
| Short-Term Debt | 4.4 | 0 | 90 | 130 | 350 | 0 | 0 | 250 | 140 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | (19.2) | (3.9) | 0 | 0 | 0 |
| Total Current Liabilities | 4.4 | 400.8 | 506.4 | 497.3 | 643.6 | 260.2 | 223.9 | 451.7 | 346.9 | 157.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 5,108.6 | 5,010.8 | 4,371.6 | 4,386.0 | 3,530.5 | 2,817.4 | 2,833.5 | 2,553.5 | 2,335.9 | 2,922.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 373.7 | 74.5 | 108.7 | 69.4 | 0 | 0 | 0 | 0 | 29.5 | 69.8 |
| Total Non-Current Liabilities | 5,528.3 | 5,131.7 | 4,528.9 | 4,503.1 | 3,580.4 | 2,861.0 | 2,857.4 | 2,576.0 | 2,386.1 | 3,011.9 |
| Total Liabilities | 5,532.6 | 5,532.5 | 5,035.3 | 5,000.4 | 4,224.0 | 3,121.2 | 3,081.3 | 3,027.7 | 2,732.9 | 3,169.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 3.7 | 3.7 | 3.6 | 3.5 | 3.4 | 3.2 | 3.0 | 3.0 | 2.9 | 2.4 |
| Retained Earnings | (387.6) | (380.6) | (394.9) | (440.8) | (438.7) | (443.5) | (465.4) | (491.2) | (454.0) | (378.6) |
| Accumulated Other Comprehensive Income | 6.6 | 7.9 | 0.8 | 1.3 | 1.8 | 5.8 | 6.7 | 7.4 | 0.1 | 0 |
| Total Stockholders' Equity | 7,033.7 | 7,160.0 | 6,967.5 | 6,496.0 | 6,059.6 | 5,789.1 | 5,335.4 | 5,252.0 | 5,149.6 | 4,192.9 |
| Total Liabilities & Equity | 13,242.1 | 13,381.2 | 12,688.2 | 12,175.1 | 10,962.4 | 9,593.6 | 9,100.1 | 9,001.5 | 8,608.8 | 8,107.2 |
| Debt Metrics | ||||||||||
| Total Debt | 5,125.8 | 5,027.1 | 4,479.9 | 4,536.8 | 3,899.2 | 2,855.7 | 2,841.3 | 2,803.5 | 2,475.9 | 2,922.6 |
| Net Debt | 5,017.3 | 4,827.7 | 4,420.6 | 4,467.6 | 3,851.0 | 2,718.7 | 2,803.8 | 2,773.3 | 2,429.7 | 2,803.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 439.0 | 468.1 | 380.2 | 310.0 | 210.6 | 154.8 | 156.3 | 112.4 | 76.5 | 10.4 |
| Depreciation & Amortization | 504.3 | 477.0 | 456.6 | 426.5 | 372.8 | 343.2 | 329.3 | 318.7 | 297.3 | 298.7 |
| Stock-Based Compensation | 25.8 | 31.0 | 25.4 | 27.3 | 17.8 | 9.8 | 4.8 | 3.4 | 4.2 | 3.6 |
| Change in Working Capital | 20.3 | 41.4 | 20.1 | 23.8 | 36.5 | (3.1) | 0.1 | (30.5) | (14.7) | (46.3) |
| Other Non-Cash Items | (125.2) | (206.0) | (143.5) | (122.1) | (42.5) | (30.6) | (32.6) | 6.8 | 22.7 | 12.4 |
| Operating Cash Flow | 864.3 | 811.5 | 738.7 | 665.5 | 595.2 | 474.1 | 457.9 | 410.9 | 386.0 | 278.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (118.2) | (121.8) | (134.2) | (138.8) | (122.6) | (104.8) | (71.5) | (54.5) | (37.5) | (67.7) |
| Acquisitions | 0 | 0 | 0 | 0 | (29.3) | 0 | 0 | (8.4) | 0 | 25.0 |
| Purchases of Investments | 0 | (0.7) | (1.1) | (14.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 25.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (328.2) | (850.9) | (691.4) | (1,411.0) | (1,511.6) | (502.4) | (305.4) | (611.5) | (799.9) | (199.8) |
| Investing Cash Flow | (328.2) | (825.9) | (692.6) | (1,425.5) | (1,733.5) | (642.9) | (376.9) | (674.4) | (837.5) | (522.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 80.6 | 1,504.1 | (64.5) | 656.8 | 1,087.2 | (22.5) | 22.9 | 296.7 | (467.8) | (67.5) |
| Stock Repurchased | (161.9) | 0 | 0 | (155) | (498.8) | 0 | 0 | (35.0) | (0.2) | (96.5) |
| Dividends Paid | (460.2) | (397.5) | (333.4) | (269.6) | (184.2) | (116.2) | (115.0) | (125.6) | (85.0) | (88.4) |
| Other Financing Activities | (114.1) | (1,113.1) | (49.0) | (12.3) | (72.2) | (12.0) | (11.5) | (0.4) | (8.3) | (11.4) |
| Financing Cash Flow | (655.7) | 142.7 | (42.2) | 786.2 | 1,065.0 | 269.8 | (92.1) | 255.9 | 384.1 | 324.8 |
| Cash Position | ||||||||||
| Net Change in Cash | (119.5) | 128.4 | 3.9 | 26.2 | (73.3) | 101.0 | (11.1) | (7.6) | (67.4) | 81.3 |
| Cash at Beginning | 350.2 | 221.9 | 218.0 | 191.8 | 265.1 | 164.1 | 175.2 | 182.8 | 250.2 | 169.0 |
| Cash at End | 230.7 | 350.2 | 221.9 | 218.0 | 191.8 | 265.1 | 164.1 | 175.2 | 182.8 | 250.2 |
| Free Cash Flow | 746.1 | 689.8 | 604.5 | 526.7 | 472.6 | 369.3 | 386.4 | 356.4 | 348.4 | 251.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 1,866.2 | 1,728.7 | 1,623.6 | 1,490.5 | 1,303.9 | 1,172.5 | 1,132.1 | 1,072.9 | 960.4 | 878.9 | 630.6 | 398.9 | 139.0 | 4.5 | 0.1 |
| Gross Profit | 62.8 | 961.3 | 883.9 | 802.3 | 701.1 | 623.1 | 608.2 | 580.2 | 531.0 | 485.2 | 320.3 | 191.7 | 60.5 | 0.1 | 0.0 |
| Operating Income | 451.9 | 874.3 | 806.3 | 731.5 | 644.6 | 574.5 | 564.9 | 543.6 | 496.3 | 452.1 | 293.4 | 167.1 | (26.8) | (10.2) | (0.0) |
| Net Income | 453.0 | 412.4 | 380.2 | 273.1 | 189.1 | 140.4 | 141.0 | 108.3 | 81.0 | 6.7 | (62.3) | (48.1) | (32.3) | (10.2) | (0.0) |
| EPS (Diluted) | 1.18 | 1.08 | 1.01 | 0.71 | 0.41 | 0.28 | 0.29 | 0.08 | -0.08 | -0.14 | -0.40 | -0.34 | -0.36 | -1.42 | -0.00 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 108.5 | 199.4 | 59.4 | 69.2 | 48.2 | 137.1 | 37.6 | 30.3 | 46.2 | 118.8 | |||||
| Total Assets | 13,242.1 | 13,381.2 | 12,688.2 | 12,175.1 | 10,962.4 | 9,593.6 | 9,100.1 | 9,001.5 | 8,608.8 | 8,107.2 | |||||
| Total Debt | 5,125.8 | 5,027.1 | 4,479.9 | 4,536.8 | 3,899.2 | 2,855.7 | 2,841.3 | 2,803.5 | 2,475.9 | 2,922.6 | |||||
| Stockholders' Equity | 7,033.7 | 7,160.0 | 6,967.5 | 6,496.0 | 6,059.6 | 5,789.1 | 5,335.4 | 5,252.0 | 5,149.6 | 4,192.9 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 864.3 | 811.5 | 738.7 | 665.5 | 595.2 | 474.1 | 457.9 | 410.9 | 386.0 | 278.9 | |||||
| Capital Expenditure | (118.2) | (121.8) | (134.2) | (138.8) | (122.6) | (104.8) | (71.5) | (54.5) | (37.5) | (67.7) | |||||
| Free Cash Flow | 746.1 | 689.8 | 604.5 | 526.7 | 472.6 | 369.3 | 386.4 | 356.4 | 348.4 | 251.1 | |||||