American Homes 4 Rent (AMH) Operating Expenses (2012 - 2026)
American Homes 4 Rent (AMH) posted quarterly Operating Expenses of $402.0 million for Q1 2026, up 1.81% year-over-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.
- In Q1 2026, Operating Expenses rose 1.81% year-over-year to $402.0 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 3.96% YoY), while the FY2025 annual figure was $1.6 billion, up 5.41% from the prior year.
- Operating Expenses for Q1 2026 stood at $402.0 million, up from $384.4 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.
- The 5-year median for Operating Expenses is $366.8 million (2024), against an average of $366.0 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses gained 18.42% in 2022, then grew 1.26% in 2025.
- American Homes 4 Rent's Operating Expenses stood at $334.6 million in 2022, then climbed by 3.85% to $347.5 million in 2023, then grew by 9.22% to $379.6 million in 2024, then climbed by 1.26% to $384.4 million in 2025, then increased by 4.58% to $402.0 million in 2026.
- Business Quant data shows AMH's Operating Expenses at $402.0 million in Q1 2026, $384.4 million in Q4 2025, and $414.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.95 Bn | 17.95 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.37 Bn | 15.25 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.95 Bn | 14.95 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.69 Bn | 12.69 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.40 Bn | 12.40 Bn | - | 397.77 Mn |
| 8 | Udr | 12.18 Bn | 12.18 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.09 Bn | 5.09 Bn | - | 29.22 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 |