AMERICAN HOMES 4 RENT
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $132.9M | $148.8M | $116.8M | $123.6M | $128.7M | $87.6M | $108.5M | $128.1M |
| Depreciation & Amortization | $127.6M | $127.3M | $126.7M | $126.9M | $124.9M | $119.7M | $117.6M | $115.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $6.8M | — | — | $7.7M | — | — | $9.9M |
| Net Cash from Operating Activities | $292.6M | $203.1M | $223.3M | $271.9M | $223.4M | $233.6M | $274.0M | $201.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $10.3M | — | — | $-107.7M | — | — | $-68.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | $121.5M | — | — | $112.4M | — | — | $95.9M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-235.8M | — | — | $-247.1M | — | — | $-72.2M |
| Net Change in Cash | — | $-22.5M | — | — | $-131.4M | — | — | $61.4M |
| Free Cash Flow | — | — | — | — | — | — | — | — |