American Homes 4 Rent

Q2 FY2026 EarningsQ2 FY26 results beat consensus across key profitability metrics despite a revenue miss. Revenue of $470.1M slightly missed the $466.5M expectation by 0.78%, while GAAP EPS of $0.31 significantly outperformed the $0.15 consensus. Same-home core revenues grew 2.3% YoY, driven by a 2.6% increase in realized rent. Operating efficiency improved as core property operating expenses from Same-Home properties rose only 1.7%, lagging rent growth. Management maintained active capital recycling, selling 608 properties for a net gain of $83.6M, which bolstered the bottom line.