American Homes 4 Rent - Class A
Research American Homes 4 Rent - Class A (AMH) on Bullrun: valuation model: 5.4% undervalued, market cap USD 12.44B, P/E 27.3, dividend yield 3.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAMH
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Residential
- CurrencyUSD
- Valuation signal5.4% undervalued
- Market capUSD 12.44B
- P/E27.3
- Dividend yield3.8%
- Financial periodQ2 2026
- RevenueUSD 470.10M
- Net incomeUSD 117.11M
- Free cash flowUSD 266.61M
- Gross margin58.4%
Valuation Snapshot
Bullrun's latest valuation model marks American Homes 4 Rent - Class A as 5.4% undervalued; latest market cap is USD 12.44B; P/E is 27.3; dividend yield is 3.8%.
Peer valuation comparison
Latest P/E is 27.34x versus a Real Estate sector median of 14.84x (84.2% above).
Latest dividend yield is 3.77% versus a Real Estate sector median of 4.71% (19.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.85B | USD 513.39M | USD 746.12M | 56.8% | 1.18 | USD 108.52M | USD 5.10B | USD 7.03B |
| FY2024 | USD 1.73B | USD 468.14M | USD 689.78M | 56.3% | 1.08 | USD 199.41M | USD 5.01B | USD 7.16B |
| FY2023 | USD 1.62B | USD 432.14M | n/a | 55.5% | 1.01 | USD 59.39M | USD 4.46B | USD 6.97B |
| FY2022 | n/a | USD 310.03M | n/a | n/a | 0.71 | USD 69.16M | USD 4.52B | USD 6.50B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 12.44B | 27.3 | 3.6% | 1.26 |
| 2025 | 2025-12-31 | USD 11.77B | 27.2 | 3.7% | 1.2 |
| 2024 | 2024-12-31 | USD 13.83B | 34.6 | 2.8% | 1.04 |
| 2023 | 2023-12-29 | USD 13.02B | 34.6 | 2.4% | 0.88 |
| 2022 | 2022-12-30 | USD 10.65B | 49.4 | 2.4% | 0.72 |
| 2021 | 2021-12-31 | USD 14.74B | 106.4 | 0.9% | 0.4 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.26 USD, yield 3.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.2 USD |
| FY2024 | 1.04 USD |
| FY2023 | 0.88 USD |
| FY2022 | 0.72 USD |
About American Homes 4 Rent - Class A
American Homes 4 Rent is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on developing, renovating, leasing and managing homes as rental properties. As of June 30, 2026, we owned over 61,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States.
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Frequently asked questions
Is American Homes 4 Rent - Class A overvalued or undervalued?
Bullrun's valuation model currently marks American Homes 4 Rent - Class A as 5.4% undervalued.
What is American Homes 4 Rent - Class A's market cap?
American Homes 4 Rent - Class A's market capitalization is USD 12.44B.
What is American Homes 4 Rent - Class A's P/E ratio?
American Homes 4 Rent - Class A's price-to-earnings (P/E) ratio is 27.3.
Does American Homes 4 Rent - Class A pay a dividend?
American Homes 4 Rent - Class A has a dividend yield of 3.8%.
What does American Homes 4 Rent - Class A do?
American Homes 4 Rent is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on developing, renovating, leasing and managing homes as rental properties. As of June 30, 2026, we owned over 61,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States. American Homes 4 Rent was established on October 19, 2012 and incorporated in Maryland and is based in Las Vegas, United States.