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

Other product segments

Property management expenses
$33.28M-2.6%

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PEA
PEAKReal Estate — Cost of Goods Sold

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 operating expenses — cost of goods sold?
American Homes 4 Rent (AMH) reported property operating expenses — cost of goods sold of $168.71M in Q1 2026.
How has American Homes 4 Rent's property operating expenses — cost of goods sold changed year-over-year?
American Homes 4 Rent's property operating expenses — cost of goods sold increased by 0.7% year-over-year, from $167.53M to $168.71M.
What is the long-term trend for American Homes 4 Rent's property operating expenses — cost of goods sold?
Over 4 years (2021 to 2025), American Homes 4 Rent's property operating expenses — cost of goods sold has grown at a 7.9% compound annual growth rate (CAGR), from $490.21M to $663.95M.
What does property operating expenses — cost of goods sold mean?
The total direct costs incurred to operate and maintain the company's rental properties.
How do you interpret property operating expenses — cost of goods sold?
An increase relative to revenue may indicate rising maintenance costs, aging property infrastructure, or inefficiencies in property management, while a decrease suggests improved operational leverage or cost control.
How does property operating expenses — cost of goods sold compare across companies?
Comparable to property operating expenses or direct property costs reported by other residential REITs and single-family rental operators.