American Homes 4 Rent (NYSE: AMH) reported Q4 EPS of $0.33, $0.13 better than the analyst estimate of $0.20. Revenue for the quarter came in at $454.99 million versus the consensus estimate of $458.45 million.

Full Year 2026 Guidance Commentary

Operating Outlook:

Same-Home core revenues growth reflects (1) Average Occupied Days Percentage in the high 95% area (approximately 25 basis points lower than 2025), (2) Average Monthly Realized Rent growth in the 2.5% area, and (3) fees and bad debt expense similar to 2025 levels as a percentage of revenue for the full year.
Same-Home core property operating expenses growth reflects (1) expectation for 2026 property tax growth between 2.0% and 4.0% and (2) 1.5% to 3.5% growth in all other core property operating expenses, excluding property taxes.

Capital Plan:

Outlook contemplates strategic continuity and growth from the Company\'s internal AMH Development Program with prudently sized capital investment given the current capital markets environment. The Company expects to fund its 2026 wholly-owned development deliveries primarily using $400 - $600 million of recycled capital from dispositions.
2026 outlook contemplates $115 million of share repurchases already executed in January 2026.

For earnings history and earnings-related data on American Homes 4 Rent (AMH) click here.