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| Date | Value |
|---|---|
| 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 |