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American Homes (AMH)
NYSE:AMH
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of solid operating and capital achievements — sector-leading full-year core FFO growth (+5.4%), strong development deliveries (2,300+ homes in 2025), significant disposition proceeds (~$570M) and executed share repurchases — while also flagging emerging near-term challenges including supply-driven pressure in specific markets, a flatter seasonal occupancy trajectory heading into 2026, a negative January new lease spread (-1%), and modestly compressed development yields (~5.3%). Management emphasized disciplined capital allocation, moderation of development activity, and a patient approach to additional buybacks amid capital-market and regulatory uncertainty. Overall, the company portrays resilient fundamentals and prudent financial management, but with clear near-term industry and market headwinds to navigate.Company Guidance
Full-Year Core FFO Growth
Reported core FFO per share of $1.87 for full-year 2025, representing 5.4% year-over-year growth and described as residential sector-leading performance.
Quarterly Earnings and FFO Momentum
Q4 net income attributable to common shareholders of $123.8M ($0.33 per diluted share) and quarterly core FFO per share of $0.47, representing 4.1% year-over-year growth for the quarter.
Development Deliveries and Scale
Delivered 490 homes in Q4 and over 2,300 homes in 2025 across 14 markets; in-house development program has added over 14,000 newly built homes since 2017. Plan to deliver ~1,900 newly constructed homes in 2026 (1,400 wholly-owned).
Disposition Program and Recycleable Capital
Sold 646 properties in Q4 for roughly $190M net proceeds; full-year dispositions of 1,827 properties generated ~ $570M net proceeds at an average disposition cap rate in the high 3%, providing recyclable capital to fund development.
Share Repurchases and Capital Return
Repurchased 8.4M common shares (~2% of units outstanding) at an average price of $31.65, fully utilizing the $265M authorization; Board approved a new $500M share repurchase authorization.
Balance Sheet and Liquidity
Net debt (incl. preferred) to adjusted EBITDA of 5.2x; $1.25B revolver with $360M drawn and roughly $110M cash on the balance sheet, plus stated opportunistic capital capacity of a couple hundred million dollars.
2026 Guidance (Modest Growth)
Provided 2026 core FFO per share unit guidance of $1.89–$1.95 (midpoint +2.7% YoY). Midpoint contemplates same-home core revenue growth ~2.25% and same-home core NOI growth ~2%.
Expense Management Wins
Guidance anticipates core property operating expense growth of ~2.75% (property tax ~3%, other controllables mid-2%) and expects a double-digit year-over-year decrease in insurance costs due to a favorable renewals campaign.
AMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $30.87 | $29.52 | -4.37% |
Oct 29, 2025 | $31.56 | $31.78 | +0.69% |
Jul 31, 2025 | $34.05 | $34.54 | +1.44% |
May 01, 2025 | $36.89 | $38.27 | +3.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Homes (AMH) report earnings?
American Homes (AMH) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is American Homes (AMH) earnings time?
American Homes (AMH) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMH EPS forecast?
AMH EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.