AMH Reports Fourth Quarter and Full Year 2025 Financial and Operating Results [Accessibility Statement] Skip Navigation10% Increase in Quarterly DistributionLAS VEGAS, Feb. 19, 2026 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced its financial and operating results for the quarter and full year ended December 31, 2025.Highlights- Raised common share dividend by 10% to $0.33 per share in the first q ...

Core Insights - The upcoming earnings report for American Homes 4 Rent (AMH) is projected to show quarterly earnings of $0.47 per share, reflecting a 4.4% increase year-over-year [1] - Analysts forecast revenues of $462.36 million, indicating a 5.9% year-over-year growth [1] Earnings Estimates - There has been a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days, indicating a reappraisal by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Revenue Projections - Analysts expect 'Revenues- Same-Home core revenues' to be $358.48 million, representing a year-over-year increase of 7.1% [4] - The average prediction for 'Revenues- Tenant charge-backs' is $51.20 million, showing a 4.3% increase from the prior-year quarter [5] - 'Revenues- Core revenues' are expected to reach $407.79 million, reflecting a 5.2% increase from the previous year [5] - 'Revenues- Non-Same-Home core revenues' are projected at $49.31 million, indicating a decline of 6.6% from the prior-year quarter [5] Other Key Metrics - Analysts estimate 'Depreciation and amortization' to be $132.19 million [6] - Shares of American Homes 4 Rent have decreased by 2.3% over the past month, compared to a 1.7% decline in the Zacks S&P 500 composite [6] - AMH holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market [6]

Core Thesis - The performance of dividend stocks in the current year has raised concerns about sustainability and potential market implications [1] Group 1: Dividend Stock Performance - Dividend stocks have shown significant gains this year, leading to a sense of fatigue among investors regarding continuous winning [1] - The current trend raises questions about the long-term viability of such performance in the market [1]

Core Insights - High Yield Investor is celebrating its fifth anniversary by offering a 30-day money-back guarantee, encouraging new memberships and promoting its Top Picks for 2026 [1] - The investment strategy focuses on building a diversified portfolio of high-yielding, high-quality businesses with strong balance sheets and sustainable yields, aimed at generating passive income for retirement [1] Company Background - Samuel Smith, the lead analyst and Vice President, has extensive experience in dividend stock research and holds advanced degrees in engineering and mathematics [1] - The High Yield Investor team includes Samuel Smith, Jussi Askola, and Paul R. Drake, who work together to balance safety, growth, yield, and value in their investment approach [1] Service Offerings - High Yield Investor provides various portfolios including core, retirement, and international options, along with regular trade alerts and educational content [1] - The service features an active chat room for investors to engage and share insights [1]

Core Viewpoint - AMH announced a 10% increase in its quarterly dividend, raising it from $0.30 to $0.33 per share for the first quarter of 2026, reflecting the company's strong performance in the single-family rental market [1] Company Overview - AMH is a leading large-scale integrated owner, operator, and developer of single-family rental homes, focusing on developing, renovating, leasing, and managing homes as rental properties [1] - As of September 30, 2025, AMH owned over 61,000 single-family properties across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West [1] Dividend Details - The declared dividend of $0.33 per share will be payable in cash on March 31, 2026, to shareholders of record on March 13, 2026 [1] - Additionally, the company declared quarterly distributions on its cumulative redeemable perpetual preferred shares: $0.36719 per share for the 5.875% Series G shares and $0.39063 per share for the 6.250% Series H shares, also payable on March 31, 2026 [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - AMH announced the tax treatment of its 2025 cash distributions, detailing the classification of quarterly distributions for the year ended December 31, 2025 [1] Distribution Classification - For the quarter ending March 31, 2025, the distribution was classified as follows: - Ordinary Dividend Income: 70.17% - Qualified Dividend Income: 0.88% - Capital Gain Distributions: 28.95% [1] - For the quarter ending June 30, 2025: - Ordinary Dividend Income: 46.57% - Qualified Dividend Income: 1.58% - Capital Gain Distributions: 51.85% [1] - For the quarter ending September 30, 2025: - Ordinary Dividend Income: 46.57% - Qualified Dividend Income: 1.58% - Capital Gain Distributions: 51.85% [1] - For the quarter ending December 31, 2025: - Ordinary Dividend Income: 46.57% - Qualified Dividend Income: 1.58% - Capital Gain Distributions: 51.85% [1] Tax Treatment Details - 100% of the Ordinary Dividend Income is treated as Internal Revenue Code (IRC) Section 199A Qualified REIT Dividend Income, requiring shareholders to hold their REIT shares for at least 45 days for this classification [1] - 31.57% of the capital gain distributions is treated as unrecaptured IRC Section 1250 gain [1] - The tax return for the year ended December 31, 2025, has not yet been filed, and the income tax classification is based on the best available information as of the release date [1] Company Overview - AMH is a leading large-scale integrated owner, operator, and developer of single-family rental homes, focusing on acquiring, developing, renovating, leasing, and managing homes as rental properties [3] - As of September 30, 2025, AMH owned over 61,000 single-family properties across various regions in the United States [4]

Core Viewpoint - Blackstone's BREIT claims an 8.1% return in 2025, significantly outperforming public REITs, which had modest returns, with the Vanguard REIT ETF (VNQ) returning 4.17% including dividends [1][3]. Performance Comparison - Blackstone attributes its outperformance to superior asset selection, claiming a 70% outperformance over public REITs, which is a relative measure rather than a direct percentage point comparison [3][4]. - The total return for public REITs is calculated based on market prices and dividends, while private equity returns, like those of BREIT, are based on internal evaluations of net asset value (NAV), making comparisons less straightforward [6][9]. Sector Performance - BREIT's portfolio includes significant exposure to rental housing, industrial, and data centers, with industrial being the standout performer in 2025, up about 17% [13][18]. - Single-family rentals and multifamily apartments faced challenges in 2025 due to increased supply, leading to declines in major players like American Homes 4 Rent and Camden [14][16]. - Data centers, comprising 21% of BREIT's portfolio, suffered despite strong fundamentals, with major companies like Equinix and Digital Realty experiencing significant drops in stock prices [19][20]. Market Dynamics - Publicly traded REITs are trading at a substantial discount to NAV, with the median REIT trading at 83% of NAV, indicating that BREIT's reported outperformance is more about the relative decline of public REITs than actual superior performance [27][28]. - The article suggests that both BREIT and public REITs performed reasonably well fundamentally, but the difference in reported returns stems from differing methodologies [29]. Investment Considerations - Investors are advised to consider the premium at which BREIT is trading compared to public REITs, which may lead to underperformance going forward [35][36]. - BREIT's redeemable shares allow investors to cash out at NAV, presenting an opportunity to reinvest in public REITs at more attractive valuations [37]. Blackstone's Position - Despite concerns about BREIT's performance, Blackstone has a strong track record of raising assets under management (AUM), which remains a key driver for the company [38].

Core Viewpoint - AMH will release its fourth quarter and full year 2025 financial and operating results on February 19, 2026, and will host a conference call on February 20, 2026, to discuss these results and recent events [1]. Group 1: Financial Results Announcement - The financial and operating results for the fourth quarter and full year 2025 will be announced after market close on February 19, 2026 [1]. - A conference call is scheduled for February 20, 2026, at 12:00 p.m. Eastern Time to review the results and engage in a Q&A session [1]. Group 2: Company Overview - AMH is a leading large-scale integrated owner, operator, and developer of single-family rental homes, functioning as an internally managed Maryland real estate investment trust (REIT) [3]. - As of September 30, 2025, AMH owned over 61,000 single-family properties across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West [4]. Group 3: Recognition and Awards - In recent years, AMH has received several accolades, including being named a 2025 Great Place to Work®, a 2025 Top U.S. Homebuilder by Builder100, and one of the 2025 Most Trustworthy Companies in America by Newsweek and Statista Inc. [4].

Company Overview - American Homes 4 Rent (NYSE:AMH) is a significant operator of single-family rental homes in the United States, involved in acquiring, developing, renovating, and leasing properties. The company also manages an online platform for tenant convenience regarding rent payments and account management [4]. Analyst Ratings - Jade Rahmani from Keefe Bruyette upgraded his rating on American Homes 4 Rent from Market Perform to Outperform, with a price target of $37, indicating an upside of over 14% at the current price range [1]. - Conversely, Juan Sanabria from BMO Capital downgraded his rating from Outperform to Market Perform, maintaining the same price target of $37, which still reflects an upside of more than 14%. This downgrade was influenced by President Trump's proposal to ban institutional investors from single-family home investments, which could negatively impact single-family residential REITs [3]. Market Outlook - Keefe Bruyette presented a positive outlook for the commercial real estate market in 2026, predicting a "more secure recovery phase with moderate yet still healthy growth." This is expected to benefit high-quality assets, which are likely to deliver attractive returns [2].