v3.25.3

Earnings per Share / Unit - Operating Partnership's Computation of Net Income per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2025	Jun. 30, 2025	Mar. 31, 2025	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2025	Sep. 30, 2024
Numerator:
Net income	$ 116,801	$ 123,624	$ 128,713	$ 87,640	$ 108,534	$ 128,095	$ 369,138	$ 324,269
Less:
Preferred distributions	3,486			3,486			10,458	10,458
Allocation to participating securities	320			313			1,009	963
Numerator for income per common share/unit–basic	99,377			73,508			314,213	274,289
Numerator for income per common share/unit–diluted	$ 99,377			$ 73,508			$ 314,213	$ 274,289
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract	332,069			619,170			363,047	537,610
American Homes 4 Rent, L.P.
Numerator:
Net income	$ 116,801	$ 123,624	$ 128,713	$ 87,640	$ 108,534	$ 128,095	$ 369,138	$ 324,269
Less:
Preferred distributions	3,486			3,486			10,458	10,458
Allocation to participating securities	320			313			1,009	963
Numerator for income per common share/unit–basic	112,995			83,841			357,671	312,848
Numerator for income per common share/unit–diluted	$ 112,995			$ 83,841			$ 357,671	$ 312,848
Denominator:
Weighted-average common units outstanding - basic (in shares)	421,981,257			418,358,446			421,831,592	418,134,349
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract	332,069			619,170			363,047	537,610
Weighted-average common units outstanding-diluted (in shares)	422,313,326			418,977,616			422,194,639	418,671,959
Net income per common share/unit
Basic (in dollars per share)	$ 0.27			$ 0.20			$ 0.85	$ 0.75
Diluted (in dollars per share)	$ 0.27			$ 0.20			$ 0.85	$ 0.75

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American Homes 4 Rent 10-Q