American Homes 4 Rent (AMH-PG) Operating Expenses (2012 - 2025)

American Homes 4 Rent's Operating Expenses history runs 14 years deep, the most recent figure standing at $384.4 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 1.26% year-over-year to $384.4 million; the TTM figure through Dec 2025 stood at $1.6 billion (up 5.41% YoY), while the FY2025 annual figure was $1.6 billion, up 5.41% from the prior year.
• Operating Expenses was $384.4 million for Q4 2025 at American Homes 4 Rent, down from $414.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $414.0 million in Q3 2025 to a low of $273.4 million in Q2 2021.
• Historically, Operating Expenses has averaged $348.4 million across 5 years, with a median of $352.2 million in 2022.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses advanced 18.42% in 2022, then increased 1.26% in 2025.
• A 5-year view of Operating Expenses shows it stood at $292.3 million in 2021, then climbed by 14.48% to $334.6 million in 2022, then grew by 3.85% to $347.5 million in 2023, then increased by 9.22% to $379.6 million in 2024, then grew by 1.26% to $384.4 million in 2025.
• The last three Operating Expenses figures came in at $384.4 million (Q4 2025), $414.0 million (Q3 2025), and $390.4 million (Q2 2025), per Business Quant data.