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American Homes 4 Rent AMH Property management expenses — Cost of Goods Sold

Other product segments

Property operating expenses
$168.71M+0.7%

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EQRProperty Management — Cost Of Property Repairs And Maintenance
$23.48M+8.8%
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CPTReal Estate — Cost of Goods Sold
$90.84M+8.2%
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ELSProperty management — Cost of ancillary services
$18.67M-8.6%
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ELSProperty Operations — Owned Property Management Costs
$13.68M+8.9%

Other financials

Income statement

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Revenue$472.0M+2.8%
Net income$148.8M+15.6%
EPS (diluted)$0.35+16.7%

Balance sheet

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Cash & equivalents$208.2M-4.9%
Total debt$5.1B+4.0%
Total equity$6.9B-3.2%
Total assets$13.2B-0.9%

Cash flow

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Operating cash flow$203.1M-9.1%
CapEx$9.4M+26.2%
Free cash flow$193.7M-10.3%

Valuation

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Market cap$11.41B-27.4%
Enterprise value$16.35B-19.4%
P/E21.4×-12.2×
P/S6.1×-2.8×

Profitability

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Net margin28.6%+2.1pp
FCF margin43%-2.5pp

Returns & leverage

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Return on equity7.6%+1.0pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by American Homes 4 Rent in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: American Homes 4 Rent’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Homes 4 Rent's property management expenses — cost of goods sold?
American Homes 4 Rent (AMH) reported property management expenses — cost of goods sold of $33.28M in Q1 2026.
How has American Homes 4 Rent's property management expenses — cost of goods sold changed year-over-year?
American Homes 4 Rent's property management expenses — cost of goods sold decreased by 2.6% year-over-year, from $34.18M to $33.28M.
What is the long-term trend for American Homes 4 Rent's property management expenses — cost of goods sold?
Over 4 years (2021 to 2025), American Homes 4 Rent's property management expenses — cost of goods sold has grown at a 8.6% compound annual growth rate (CAGR), from $96.87M to $134.81M.
What does property management expenses — cost of goods sold mean?
The direct costs associated with operating and maintaining the company's rental properties.
How do you interpret property management expenses — cost of goods sold?
An increase may indicate rising labor or maintenance costs, while a decrease suggests improved operational efficiency or economies of scale.
How does property management expenses — cost of goods sold compare across companies?
Similar to direct operating expenses or property-level maintenance costs reported by other residential REITs.