American Homes 4 Rent (AMH) Operating Expenses (2012 - 2026)
American Homes 4 Rent (AMH) posted Operating Expenses of $397.8 million for Q2 2026, down 1.04% on a QoQ basis from $402.0 million in Q1 2026, and up 1.89% year-over-year from $390.4 million in Q2 2025.
Analysis
American Homes 4 Rent (AMH) Operating Expenses (2012 - 2026) Analysis & Trends
American Homes 4 Rent has reported Operating Expenses for 15 years, with the latest figure at $397.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.89% year-over-year to $397.8 million in Q2 2026; TTM through Jun 2026 was $1.6 billion, a 2.58% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 5.41% from the prior year.
- Operating Expenses was $397.8 million for Q2 2026 at American Homes 4 Rent, down from $402.0 million in the prior quarter.
- The five-year high for Operating Expenses was $414.0 million in Q3 2025, with the low at $310.5 million in Q1 2022.
- Average Operating Expenses over 5 years is $367.8 million, with a median of $367.8 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses climbed 18.42% in 2022, then rose 1.26% in 2025.
- Over 5 years, Operating Expenses stood at $334.6 million in 2022, then increased by 3.85% to $347.5 million in 2023, then rose by 9.22% to $379.6 million in 2024, then increased by 1.26% to $384.4 million in 2025, then grew by 3.49% to $397.8 million in 2026.
- The last three Operating Expenses figures came in at $397.8 million (Q2 2026), $402.0 million (Q1 2026), and $384.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.25 Bn | 24.25 Bn | - | 566.18 Mn |
| 2 | Invitation Homes | 16.39 Bn | 16.39 Bn | 705.34 Mn | 657.51 Mn |
| 3 | Mid America Apartment Communities | 14.47 Bn | 14.35 Bn | 537.17 Mn | 218.72 Mn |
| 4 | Sun Communities | 14.16 Bn | 14.16 Bn | 460.10 Mn | 434.40 Mn |
| 5 | Equity Lifestyle Properties | 11.71 Bn | 11.71 Bn | 375.97 Mn | 298.46 Mn |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | 397.77 Mn |
| 7 | Udr | 11.31 Bn | 11.31 Bn | 412.43 Mn | 345.25 Mn |
| 8 | Camden Property Trust | 10.50 Bn | 10.50 Bn | - | 140.94 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 636.04 Mn |
| 10 | Independence Realty Trust | 3.56 Bn | 3.56 Bn | - | 141.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 397.77 Mn |
| Mar 31, 2026 | 401.95 Mn |
| Dec 31, 2025 | 384.36 Mn |
| Sep 30, 2025 | 414.01 Mn |
| Jun 30, 2025 | 390.41 Mn |
| Mar 31, 2025 | 394.80 Mn |
| Dec 31, 2024 | 379.57 Mn |
| Sep 30, 2024 | 393.06 Mn |
| Jun 30, 2024 | 362.76 Mn |
| Mar 31, 2024 | 366.84 Mn |
| Dec 31, 2023 | 347.52 Mn |
| Sep 30, 2023 | 368.81 Mn |
| Jun 30, 2023 | 345.37 Mn |
| Mar 31, 2023 | 349.40 Mn |
| Dec 31, 2022 | 334.64 Mn |
| Sep 30, 2022 | 354.98 Mn |
| Jun 30, 2022 | 323.76 Mn |
| Mar 31, 2022 | 310.45 Mn |
| Dec 31, 2021 | 292.31 Mn |
| Sep 30, 2021 | 300.77 Mn |