American Homes 4 Rent (AMH)
NYSE:AMH
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial strengths: solid income and FFO growth, same-home NOI improvement, strong spring leasing momentum with record March leasing, disciplined capital recycling (dispositions) and significant share repurchases, and a beneficial insurance renewal. Management reiterated unchanged 2026 guidance and emphasized operational execution and flexibility in the development program. Offsetting considerations include a slightly delayed leasing season start, market-specific supply pressures (notably Arizona and Texas), regulatory uncertainty around build-to-rent legislation that has paused some transaction activity, modest leverage (5.3x) with limited cash, and potential inflationary pressures on future development costs. On balance, the positives around earnings, leasing recovery, capital recycling, and cost control materially outweigh the operational and regulatory headwinds discussed.Company Guidance
Strong Net Income and Earnings Per Share
Net income attributable to common shareholders of $128 million, or $0.35 per diluted share for 1Q26.
FFO Growth
Core FFO per share/unit of $0.48, up 4.6% year-over-year, and adjusted FFO of $0.45 per share/unit, up 8% year-over-year.
Same-Home Core NOI Improvement
Same-home core NOI growth of 3.7% year-over-year for the quarter driven by expense control and operational execution.
Leasing Momentum and Occupancy Trends
Record leasing volumes in March and continued momentum through April; April new lease spreads improved to 1.2% and same-home average occupied days rose to 95.6% (30 bps sequential improvement). Management noted ~15% incremental activity over last year in early season.
Development Deliveries with Attractive Going-In Yield
Delivered 539 development homes in the quarter (457 to wholly owned portfolio at ~$187 million investment). Management cited a 5.3% average initial/going-in yield on recent purpose-built deliveries.
Active Capital Recycling via Dispositions
Sold over 700 homes (management commentary) generating ~ $200 million net proceeds in the quarter; average net proceeds per property roughly $200,000 and average economic disposition yield in the ~4% area, enabling match-funded development activity.
Aggressive Share Repurchases
Repurchased roughly $360 million of common stock over the past six months (about 3% of shares/units outstanding). In-quarter repurchases included 3.7 million shares for $115 million (avg $31.49) and subsequent repurchases of 3.2 million shares for $94 million (avg $29.37); >$400 million remaining on authorization.
Insurance Renewal Benefit
2026 insurance renewals completed with insurance rates decreasing by approximately 10%, improving the cost outlook for the year.
Balance Sheet and Leverage Disclosure
Net debt (including preferred) to adjusted EBITDA of 5.3x at quarter end, with ~$63 million cash on the balance sheet and $390 million drawn on the $1.25 billion revolver—management retained liquidity and clear capital plan execution.
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 |
|---|---|---|---|
May 06, 2026 | $32.44 | $32.42 | -0.06% |
Feb 19, 2026 | $30.51 | $29.18 | -4.38% |
Oct 29, 2025 | $31.20 | $31.41 | +0.69% |
Jul 31, 2025 | $33.66 | $34.15 | +1.44% |
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 4 Rent (AMH) report earnings?
American Homes 4 Rent (AMH) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is American Homes 4 Rent (AMH) earnings time?
American Homes 4 Rent (AMH) earnings time is at Jul 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 (Q2) is 0.18.