AMERICAN HOMES 4 RENT
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85B | $1.73B | $1.62B | $1.49B | $1.30B | $1.18B | $1.14B | $1.07B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $83.0M | $83.6M | $74.6M | $68.1M | $56.4M | $48.5M | $43.2M | $36.6M |
| Operating Income | $266.7M | $226.5M | $212.5M | — | — | — | — | — |
| Operating Margin | 14.4% | 13.1% | 13.1% | — | — | — | — | — |
| Interest Expense | $185.2M | $165.4M | $140.2M | $134.9M | $114.9M | $117.0M | $127.1M | $122.9M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $513.4M | $468.1M | $432.1M | $310.0M | $210.6M | $154.8M | $156.3M | $112.4M |
| Net Margin | 27.7% | 27.1% | 26.6% | 20.8% | 16.1% | 13.1% | 13.7% | 10.5% |
| EPS (Basic) | $1.18 | $1.08 | $1.01 | $0.72 | $0.42 | $0.28 | $0.29 | $0.08 |
| EPS (Diluted) | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 | $0.28 | $0.29 | $0.08 |
| Shares Outstanding (Basic) | 370.6M | 367.5M | 362.0M | 349.3M | 324.2M | 306.6M | 299.4M | 293.6M |
| Shares Outstanding (Diluted) | 370.9M | 368.0M | 362.5M | 349.8M | 325.5M | 307.1M | 299.9M | 294.3M |
| Dividends Per Share | $1.20 | $1.04 | $0.88 | $0.72 | — | — | — | — |