American Homes 4 Rent (AMH) Operating Expenses (2012 - 2025)
American Homes 4 Rent's quarterly Operating Expenses came in at $384.4 million in Q4 2025, up 1.26% year-on-year from $379.6 million in Q4 2024, and down 7.16% quarter-over-quarter from $414.0 million in Q3 2025.
American Homes 4 Rent has reported Operating Expenses for 14 years, with the latest figure at $384.4 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 1.26% year-over-year to $384.4 million; the trailing twelve-month figure through Dec 2025 stood at $1.6 billion (up 5.41% YoY), and the FY2025 full-year result was $1.6 billion, up 5.41% from the prior year.
- Operating Expenses for Q4 2025 stood at $384.4 million, down from $414.0 million in the prior quarter.
- The five-year high for Operating Expenses was $414.0 million in Q3 2025, with the low at $273.4 million in Q2 2021.
- Average Operating Expenses over 5 years is $348.4 million, with a median of $352.2 million recorded in 2022.
- Year-over-year, Operating Expenses grew 18.42% in 2022 and gained 1.26% in 2025.
- Tracing AMH's Operating Expenses over 5 years: stood at $292.3 million in 2021, then grew by 14.48% to $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.
- 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 484.40 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 205.74 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | 384.36 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | 28.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 280.52 Mn |
| Dec 31, 2020 | 262.31 Mn |
| Sep 30, 2020 | 278.60 Mn |
| Jun 30, 2020 | 260.54 Mn |
| Mar 31, 2020 | 256.72 Mn |
| Dec 31, 2019 | 246.79 Mn |
| Sep 30, 2019 | 270.42 Mn |
| Jun 30, 2019 | 254.62 Mn |
| Mar 31, 2019 | 251.76 Mn |
| Dec 31, 2018 | 243.08 Mn |
| Sep 30, 2018 | 254.72 Mn |
| Jun 30, 2018 | 240.38 Mn |
| Mar 31, 2018 | 239.95 Mn |
| Dec 31, 2017 | 214.22 Mn |
| Sep 30, 2017 | 238.03 Mn |
| Jun 30, 2017 | 216.20 Mn |
| Mar 31, 2017 | 218.57 Mn |
| Dec 31, 2016 | 216.14 Mn |
| Sep 30, 2016 | 232.01 Mn |
| Jun 30, 2016 | 224.58 Mn |
| Mar 31, 2016 | 201.33 Mn |
| Dec 31, 2015 | 180.05 Mn |
| Sep 30, 2015 | 189.03 Mn |
| Jun 30, 2015 | 164.75 Mn |
| Mar 31, 2015 | 141.97 Mn |
| Dec 31, 2014 | 122.07 Mn |
| Sep 30, 2014 | 125.03 Mn |
| Jun 30, 2014 | 92.59 Mn |
| Mar 31, 2014 | 81.00 Mn |
| Dec 31, 2013 | 70.93 Mn |
| Sep 30, 2013 | 52.89 Mn |
| Jun 30, 2013 | 28.93 Mn |
| Mar 31, 2013 | 13.44 Mn |
| Dec 31, 2012 | 9.11 Mn |
| Sep 30, 2012 | 3.66 Mn |
| Jun 30, 2012 | 1.75 Mn |