American Homes 4 Rent (AMH) - Net Assets
Based on the latest financial reports, American Homes 4 Rent (AMH) has net assets worth $7.84 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.25 Billion) and total liabilities ($5.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check American Homes 4 Rent (AMH) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.84 Billion |
| % of Total Assets | 59.14% |
| Annual Growth Rate | 81.12% |
| 5-Year Change | 21.26% |
| 10-Year Change | 99.45% |
| Growth Volatility | 6908.16 |
American Homes 4 Rent - Net Assets Trend (2011–2024)
This chart illustrates how American Homes 4 Rent's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see American Homes 4 Rent (AMH) total market value.
Annual Net Assets for American Homes 4 Rent (2011–2024)
The table below shows the annual net assets of American Homes 4 Rent from 2011 to 2024. Also explore how fast is American Homes 4 Rent growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.85 Billion | +16.76% |
| 2023-12-31 | $6.72 Billion | -6.31% |
| 2022-12-31 | $7.17 Billion | +6.47% |
| 2021-12-31 | $6.74 Billion | +4.11% |
| 2020-12-31 | $6.47 Billion | +7.54% |
| 2019-12-31 | $6.02 Billion | +0.75% |
| 2018-12-31 | $5.97 Billion | +1.67% |
| 2017-12-31 | $5.88 Billion | +19.00% |
| 2016-12-31 | $4.94 Billion | +25.47% |
| 2015-12-31 | $3.94 Billion | -5.62% |
| 2014-12-31 | $4.17 Billion | +14.21% |
| 2013-12-31 | $3.65 Billion | +303.31% |
| 2012-12-31 | $905.16 Million | +25955.38% |
| 2011-12-31 | $3.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Homes 4 Rent's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 38059000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.70 Million | 0.05% |
| Other Comprehensive Income | $7.85 Million | 0.11% |
| Other Components | $7.53 Billion | 105.15% |
| Total Equity | $7.16 Billion | 100.00% |
American Homes 4 Rent Competitors by Market Cap
The table below lists competitors of American Homes 4 Rent ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NortonLifeLock Inc
F:SYM
|
$11.63 Billion |
|
Realtek Semiconductor Corp
TW:2379
|
$11.55 Billion |
|
Applied Industrial Technologies
NYSE:AIT
|
$11.72 Billion |
|
WH GROU LTD SP.ADR /20
F:0WHS
|
$11.65 Billion |
|
CENTRICA ADR NEW 2004/4
F:CENN
|
$11.61 Billion |
|
Logitech International S.A.
SW:LOGN
|
$11.58 Billion |
|
Shenzhen Envicool Technology Co Ltd
SHE:002837
|
$11.51 Billion |
|
Saputo Inc
TO:SAP
|
$11.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Homes 4 Rent's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,967,524,000 to 7,160,016,000, a change of 192,492,000 (2.8%).
- Net income of 412,426,000 contributed positively to equity growth.
- Dividend payments of 397,479,000 reduced retained earnings.
- Share repurchases of 149,496,000 reduced equity.
- New share issuances of 143,074,000 increased equity.
- Other comprehensive income increased equity by 7,009,000.
- Other factors increased equity by 176,958,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $412.43 Million | +5.76% |
| Dividends Paid | $397.48 Million | -5.55% |
| Share Repurchases | $149.50 Million | -2.09% |
| Share Issuances | $143.07 Million | +2.0% |
| Other Comprehensive Income | $7.01 Million | +0.1% |
| Other Changes | $176.96 Million | +2.47% |
| Total Change | $- | 2.76% |
Book Value vs Market Value Analysis
This analysis compares American Homes 4 Rent's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 826.96x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.04 | $31.28 | x |
| 2012-12-31 | $12.52 | $31.28 | x |
| 2013-12-31 | $23.75 | $31.28 | x |
| 2014-12-31 | $17.57 | $31.28 | x |
| 2015-12-31 | $15.48 | $31.28 | x |
| 2016-12-31 | $17.92 | $31.28 | x |
| 2017-12-31 | $19.49 | $31.28 | x |
| 2018-12-31 | $17.85 | $31.28 | x |
| 2019-12-31 | $17.79 | $31.28 | x |
| 2020-12-31 | $18.85 | $31.28 | x |
| 2021-12-31 | $18.62 | $31.28 | x |
| 2022-12-31 | $18.57 | $31.28 | x |
| 2023-12-31 | $19.22 | $31.28 | x |
| 2024-12-31 | $19.46 | $31.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Homes 4 Rent utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.86%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.87x
- Recent ROE (5.76%) is above the historical average (1.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -1.21% | -64.62% | 0.02x | 1.01x | $-389.40K |
| 2012 | -1.13% | -225.46% | 0.00x | 1.02x | $-100.70 Million |
| 2013 | -1.10% | -23.24% | 0.03x | 1.44x | $-325.81 Million |
| 2014 | -1.39% | -12.05% | 0.06x | 1.80x | $-393.07 Million |
| 2015 | -1.91% | -9.88% | 0.09x | 2.09x | $-388.24 Million |
| 2016 | 0.16% | 0.76% | 0.11x | 1.93x | $-412.60 Million |
| 2017 | 1.57% | 8.43% | 0.11x | 1.67x | $-433.96 Million |
| 2018 | 2.06% | 10.09% | 0.12x | 1.71x | $-416.92 Million |
| 2019 | 2.64% | 12.46% | 0.12x | 1.71x | $-392.50 Million |
| 2020 | 2.42% | 11.97% | 0.12x | 1.66x | $-438.54 Million |
| 2021 | 3.12% | 14.50% | 0.12x | 1.81x | $-416.87 Million |
| 2022 | 4.20% | 18.32% | 0.12x | 1.87x | $-376.46 Million |
| 2023 | 5.46% | 23.42% | 0.14x | 1.69x | $-316.58 Million |
| 2024 | 5.76% | 23.86% | 0.13x | 1.87x | $-303.58 Million |
Industry Comparison
This section compares American Homes 4 Rent's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,022,995,889
- Average return on equity (ROE) among peers: 2.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Homes 4 Rent (AMH) | $7.84 Billion | -1.21% | 0.69x | $11.59 Billion |
| Apartment Investment and Management Co (AIV) | $908.00 Million | -7.90% | 6.57x | $319.36 Million |
| AvalonBay Communities Inc (AVB) | $2.34 Billion | 11.62% | 1.10x | $9.73 Billion |
| Bluerock Homes Trust Inc. (BHM) | $478.87 Million | -0.91% | 0.40x | $36.64 Million |
| BRT Realty Trust (BRT) | $55.02 Million | 0.35% | 1.39x | $262.57 Million |
| Clipper Realty Inc (CLPR) | $126.22 Million | -2.96% | 6.17x | $55.10 Million |
| Camden Property Trust (CPT) | $3.56 Billion | 5.51% | 0.73x | $10.00 Billion |
| Centerspace (CSR) | $636.09 Million | 6.81% | 1.32x | $954.58 Million |
| Elme Communities (ELME) | $862.83 Million | 12.16% | 1.46x | $143.95 Million |
| Equity Lifestyle Properties Inc (ELS) | $241.90 Million | -0.96% | 7.06x | $11.81 Billion |
About American Homes 4 Rent
AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. In recent years, we've been named a 2025 Great Place to Work, a 2025 Top U.S. Homebuilder by Builder100, and one of th… Read more