Jun 2026 (Q2 FY26) — Jul 31, 2026
American Homes 4 Rent Q2 FY26 — Strong Leasing Season and Raised FFO Guidance
Read the full callAmerican Homes 4 Rent (AMH) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
American Homes 4 Rent earnings: last reported Fri, 31 Jul 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
9 of 22 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Renewal rate growth | very similar to Q1 | Mar 2026 | new, renewal and blended spreads were 1.4%, 3.2% and 2.7%, respectively | Achieved |
| Core FFO per share | $1.89 to $1.95 | Dec 2025 | we have increased the midpoint of our full year 2026 core FFO per share expectations by a total of $0.03. Our new midpoint of $1.95 per share now reflects the high end of our previous range | Revised Up |
| Development vertical construction costs | flat year-over-year | Jun 2025 | Ghosted |
13 of American Homes 4 Rent's 47 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 44 more targets are in the full ledger.
Claimed
- Core FFO per share grew 5.2% year-over-year to $0.49 in Q2 FY26.
- Midpoint of full-year core FFO per share guidance raised by $0.03 to $1.95, representing 4.3% YoY growth.
- Same-home core revenue grew 2.3% in Q2 FY26, driven by accelerating new and renewal rate growth.
- Disposition activity generated $380 million in net proceeds year-to-date, tracking ahead of initial expectations.
- Successfully repurchased 4.1 million common shares for $123 million at an average price of $29.88 per share in Q2 FY26.
Qualified
- Atlanta and Tampa markets are still running below desired total occupancy and rates, though showing some green shoots.
Price
$30.89 −1.25% · −$0.39
Performance −5.8% 1Y
1Y: $32.79 on 17 Oct 2025 → $30.89. High $34.81 (24 Aug 2026), low $27.38 (20 Mar 2026).
- Previous close
- $31.28
- 52-week range
- $27.38 – $34.81
- One year
- −6.02%
Overview
- Symbol
- AMH
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 22 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Renewal rate growth | very similar to Q1 | Mar 2026 | new, renewal and blended spreads were 1.4%, 3.2% and 2.7%, respectively | Achieved |
| Core FFO per share | $1.89 to $1.95 | Dec 2025 | we have increased the midpoint of our full year 2026 core FFO per share expectations by a total of $0.03. Our new midpoint of $1.95 per share now reflects the high end of our previous range | Revised Up |
| Development vertical construction costs | flat year-over-year | Jun 2025 | Ghosted |
Claimed
- Core FFO per share grew 5.2% year-over-year to $0.49 in Q2 FY26.
- Midpoint of full-year core FFO per share guidance raised by $0.03 to $1.95, representing 4.3% YoY growth.
- Same-home core revenue grew 2.3% in Q2 FY26, driven by accelerating new and renewal rate growth.
- Disposition activity generated $380 million in net proceeds year-to-date, tracking ahead of initial expectations.
- Successfully repurchased 4.1 million common shares for $123 million at an average price of $29.88 per share in Q2 FY26.
Qualified
- Atlanta and Tampa markets are still running below desired total occupancy and rates, though showing some green shoots.
The full ledger
Open American Homes 4 Rent’s full ledger
A free account opens 5 company ledgers a month. All 47 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
American Homes 4 Rent Q1 FY26 — Strong Leasing Momentum and Capital Recycling
Read the full callEvery analysed call
American Homes 4 Rent earnings calls (AMH)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -491 | -465 | -444 | -439 | -441 | -395 | -381 | -388 |
| Total liabilities | 3,028 | 3,081 | 3,121 | 4,224 | 5,000 | 5,035 | 5,533 | 5,533 |
| Total assets | 9,001 | 9,100 | 9,594 | 10,962 | 12,175 | 12,688 | 13,381 | 13,242 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 411 | 458 | 474 | 595 | 666 | 739 | 812 | 864 |
| Cash from investing | -674 | -377 | -643 | -1,733 | -1,426 | -693 | -826 | -328 |
| Cash from financing | 256 | -92 | 270 | 1,065 | 786 | -42 | 143 | -656 |
| Net cash flow | -8 | -11 | 101 | -73 | 26 | 4 | 128 | -120 |
| Capital expenditure | -52 | -22 | -17 | -48 | -98 | -40 | -34 | -41 |
| Free cash flow | 359 | 436 | 457 | 548 | 567 | 699 | 777 | 824 |
Insider filings
77 filings between Nov 19, 2025 and Sep 11, 2026.
Open market
decisions to buy or sellPurchases
$1.15M
43 purchases by 3 insiders
Sales
$205.4K
1 sale by 1 insider
Compensation
not trading decisions- 17
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 8
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CORRIGAN JACK E | $788.6K | — | Sep 11, 2026 |
| BENHAM DOUGLAS N | $249.2K | — | Aug 12, 2026 |
| Reitz Brian | — | $205.4K | Feb 24, 2026 |
| Goldberg David | $116.9K | — | Mar 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 11, 2026 | CORRIGAN JACK E Director | Purchase | 4,000 | $86.0K |
| Sep 11, 2026 | CORRIGAN JACK E Director | Purchase | 3,000 | $64.4K |
| Sep 11, 2026 | CORRIGAN JACK E Director | Purchase | 1,000 | $21.5K |
| Sep 10, 2026 | CORRIGAN JACK E Director | Purchase | 1,000 | $21.6K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 200 | $4.5K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.2K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 1,800 | $40.4K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 200 | $4.5K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 2,000 | $44.9K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 1,000 | $22.4K |
| Aug 24, 2026 | CORRIGAN JACK E Director | Purchase | 700 | $15.7K |
| Aug 12, 2026 | BENHAM DOUGLAS N Director | Purchase | 500 | $11.3K |
| Aug 11, 2026 | BENHAM DOUGLAS N Director | Purchase | 2,000 | $47.4K |
| Aug 11, 2026 | BENHAM DOUGLAS N Director | Purchase | 1,500 | $33.9K |
| Aug 10, 2026 | CORRIGAN JACK E Director | Purchase | 1,000 | $22.7K |
| Aug 10, 2026 | CORRIGAN JACK E Director | Purchase | 2,000 | $45.7K |
| Aug 10, 2026 | CORRIGAN JACK E Director | Purchase | 2,000 | $45.6K |
| Jun 5, 2026 | GUSTAVSON TAMARA HUGHES Director | Option exercise | 10,000 | $233.8K |
| Jun 5, 2026 | GUSTAVSON TAMARA HUGHES Director | Option exercise | 10,000 | $194.0K |
| Jun 5, 2026 | GUSTAVSON TAMARA HUGHES Director | Option exercise | 10,000 | $215.7K |
| May 18, 2026 | CORRIGAN JACK E Director | Purchase | 1,952 | $45.9K |
| May 18, 2026 | CORRIGAN JACK E Director | Purchase | 89 | $2.1K |
| May 15, 2026 | CORRIGAN JACK E Director | Purchase | 48 | $1.1K |
| May 15, 2026 | CORRIGAN JACK E Director | Purchase | 1,311 | $30.7K |
| May 14, 2026 | Webb Winifred Markus Director | Award | 5,421 | $0 |
| May 14, 2026 | Kerrick Michelle C. Director | Award | 5,421 | $0 |
| May 14, 2026 | Willoughby Jay Director | Award | 5,421 | $0 |
| May 14, 2026 | ZAIST MATTHEW R Director | Award | 5,421 | $0 |
| May 14, 2026 | GUSTAVSON TAMARA HUGHES Director | Award | 5,421 | $0 |
| May 14, 2026 | BENHAM DOUGLAS N Director | Award | 5,421 | $0 |
| May 14, 2026 | SWANN LYNN C Director | Award | 5,421 | $0 |
| May 14, 2026 | HART MATTHEW J Director | Award | 7,016 | $0 |
| May 14, 2026 | CORRIGAN JACK E Director | Award | 5,421 | $0 |
| May 13, 2026 | CORRIGAN JACK E Director | Purchase | 400 | $9.3K |
| May 13, 2026 | CORRIGAN JACK E Director | Purchase | 94 | $2.2K |
| May 13, 2026 | CORRIGAN JACK E Director | Purchase | 1,000 | $23.3K |
| May 13, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.3K |
| May 12, 2026 | CORRIGAN JACK E Director | Purchase | 6 | $138 |
| Mar 19, 2026 | Lau Christopher CFO and Sr. EVP | Gift | 1,075 | $0 |
| Mar 3, 2026 | Goldberg David Director | Purchase | 2,000 | $58.6K |
| Mar 2, 2026 | BENHAM DOUGLAS N Director | Purchase | 1,200 | $29.0K |
| Feb 25, 2026 | BENHAM DOUGLAS N Director | Purchase | 1,571 | $37.7K |
| Feb 24, 2026 | Reitz Brian Chief Accounting Officer | Sale | 7,000 | $205.4K |
| Feb 24, 2026 | Goldberg David Director | Purchase | 2,000 | $58.3K |
| Feb 23, 2026 | BENHAM DOUGLAS N Director | Purchase | 2,000 | $58.3K |
| Feb 23, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.3K |
| Feb 23, 2026 | CORRIGAN JACK E Director | Purchase | 2,300 | $52.8K |
| Feb 23, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.3K |
| Feb 23, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.3K |
| Feb 23, 2026 | CORRIGAN JACK E Director | Purchase | 100 | $2.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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