American Homes 4 Rent (AMH) Operating Expenses (2012 - 2026)

American Homes 4 Rent's (AMH) quarterly Operating Expenses came in at $402.0 million in Q1 2026, up 1.81% year-on-year from $394.8 million in Q1 2025, and up 4.58% quarter-over-quarter from $384.4 million in Q4 2025.

American Homes 4 Rent (AMH) Operating Expenses (2012 - 2026) Analysis & Trends

American Homes 4 Rent's Operating Expenses history runs 15 years deep, the most recent figure standing at $402.0 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 1.81% year-over-year to $402.0 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 3.96% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 5.41% from the prior year.
  • Operating Expenses climbed to $402.0 million in Q1 2026 per AMH's latest filing, from $384.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $414.0 million in Q3 2025 and bottomed at $310.5 million in Q1 2022.
  • The 5-year median for Operating Expenses is $366.8 million (2024), against an average of $366.0 million.
  • Across the five-year window, Operating Expenses grew 18.42% in 2022 and gained 1.26% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $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, then rose by 4.58% to $402.0 million in 2026.
  • Per Business Quant, the three latest AMH Operating Expenses figures stand at $402.0 million (Q1 2026), $384.4 million (Q4 2025), and $414.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 26.48 Bn 26.48 Bn - 623.23 Mn
2 Equity Residential 25.80 Bn 25.80 Bn - -1.66 Bn
3 Invitation Homes 18.05 Bn 18.05 Bn 694.98 Mn 654.71 Mn
4 Mid America Apartment Communities 15.67 Bn 15.54 Bn 537.05 Mn 205.74 Mn
5 Sun Communities 14.96 Bn 14.96 Bn 491.20 Mn 484.40 Mn
6 Udr 13.01 Bn 12.98 Bn 416.43 Mn 353.46 Mn
7 Equity Lifestyle Properties 12.85 Bn 12.85 Bn 378.95 Mn 285.25 Mn
8 American Homes 4 Rent 12.22 Bn 12.22 Bn - 401.95 Mn
9 Camden Property Trust 11.94 Bn 11.94 Bn - 140.07 Mn
10 Millrose Properties 4.76 Bn 4.76 Bn - 28.85 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 273.40 Mn