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American Homes 4 Rent AMH Business Segments — Tenant charge-backs

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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$12.44B-3.7%
Enterprise value$17.38B-1.4%
P/E23.3×-3.4×
P/S6.7×-0.5×

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 amh:VariableLeasePaymentsTenantChargebacks.

The source filing: American Homes 4 Rent’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001562401-26-000032
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Core NOI$271,152$258,811
Reconciliation of core revenues to rents and other single-family property revenues
Core revenues$406,124$395,415
Tenant charge-backs65,90063,861
Rents and other single-family property revenues$472,024$459,276
Reconciliation of Core NOI to net income
Core NOI$271,152$258,811
Noncash share-based compensation - property management(1,121)(1,246)

Item 1. Financial Statements (Unaudited)

FAQ

What is American Homes 4 Rent's business segments — tenant charge-backs?
American Homes 4 Rent (AMH) reported business segments — tenant charge-backs of $65.9M in Q1 2026.
How has American Homes 4 Rent's business segments — tenant charge-backs changed year-over-year?
American Homes 4 Rent's business segments — tenant charge-backs increased by 3.2% year-over-year, from $63.86M to $65.9M.
What is the long-term trend for American Homes 4 Rent's business segments — tenant charge-backs?
Over 3 years (2022 to 2025), American Homes 4 Rent's business segments — tenant charge-backs has grown at a 6.0% compound annual growth rate (CAGR), from $202.61M to $241.22M.
What does business segments — tenant charge-backs mean?
Reimbursements or fees collected from tenants for specific services or costs, such as utilities, maintenance, or other recoverable expenses. This represents a recovery of costs originally paid by the landlord.

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