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Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (unaudited) | Quarterly Financial Information (unaudited) American Homes 4 Rent The following table presents the Company’s summarized quarterly financial data for the years ended December 31, 2019 and 2018 (in thousands, except per share data):
| Quarter
| First |  | Second |  | Third |  | Fourth
2019 |  |  |  |  |  |  |  |  |  |  |
Rents and other single-family property revenues | $ | 277,694 |  |  | $ | 279,914 |  |  | $ | 293,064 |  |  | $ | 281,465 |
Net income | 33,091 |  |  | 40,304 |  |  | 41,401 |  |  | 41,464 |
Net income attributable to common shareholders | 16,283 |  |  | 22,518 |  |  | 23,520 |  |  | 23,590 |
Net income attributable to common shareholders per share–basic | 0.05 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
Net income attributable to common shareholders per share–diluted | 0.05 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
| Quarter
| First |  | Second (2) |  | Third |  | Fourth
2018 |  |  |  |  |  |  |  |  |  |  |
Rents and other single-family property revenues (1) | $ | 256,663 |  |  | $ | 262,882 |  |  | $ | 278,187 |  |  | $ | 268,943 |
Net income | 21,525 |  |  | 25,898 |  |  | 30,281 |  |  | 34,734 |
Net income (loss) attributable to common shareholders | 5,814 |  |  | (15,151 | ) |  | 15,177 |  |  | 17,632 |
Net income (loss) attributable to common shareholders per share–basic | 0.02 |  |  | (0.05 | ) |  | 0.05 |  |  | 0.06 |
Net income (loss) attributable to common shareholders per share–diluted | 0.02 |  |  | (0.05 | ) |  | 0.05 |  |  | 0.06 |
(1) | As a result of the adoption of the new lease accounting standard, the Company reclassified previously reported rents from single-family properties, fees from single-family properties and tenant charge-backs to rents and other single-family property revenues within the condensed consolidated statements of operations in the interim periods in 2018. See Note 2 for additional information.
(2) | During the second quarter of 2018, the Company incurred a net loss attributable to common shareholders primarily due to a $32.2 million allocation of income to the Series C participating preferred shareholders as a result of the redemption of all outstanding participating preferred shares through a conversion of those participating preferred shares into Class A common shares. See Note 9 for additional information.
American Homes 4 Rent, L.P. The following table presents the Operating Partnership’s summarized quarterly financial data for the years ended December 31, 2019 and 2018 (in thousands, except per unit data):
| Quarter
| First |  | Second |  | Third |  | Fourth
2019 |  |  |  |  |  |  |  |  |  |  |
Rents and other single-family property revenues | $ | 277,694 |  |  | $ | 279,914 |  |  | $ | 293,064 |  |  | $ | 281,465 |
Net income | 33,091 |  |  | 40,304 |  |  | 41,401 |  |  | 41,464 |
Net income attributable to common unitholders | 19,309 |  |  | 26,522 |  |  | 27,619 |  |  | 27,682 |
Net income attributable to common unitholders per unit–basic | 0.05 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
Net income attributable to common unitholders per unit–diluted | 0.05 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
| Quarter
| First |  | Second (2) |  | Third |  | Fourth
2018 |  |  |  |  |  |  |  |  |  |  |
Rents and other single-family property revenues (1) | $ | 256,663 |  |  | $ | 262,882 |  |  | $ | 278,187 |  |  | $ | 268,943 |
Net income | 21,525 |  |  | 25,898 |  |  | 30,281 |  |  | 34,734 |
Net income (loss) attributable to common unitholders | 6,939 |  |  | (18,053 | ) |  | 18,058 |  |  | 20,952 |
Net income (loss) attributable to common unitholders per unit–basic | 0.02 |  |  | (0.05 | ) |  | 0.05 |  |  | 0.06 |
Net income (loss) attributable to common unitholders per unit–diluted | 0.02 |  |  | (0.05 | ) |  | 0.05 |  |  | 0.06 |
(1) | As a result of the adoption of the new lease accounting standard, the Operating Partnership reclassified previously reported rents from single-family properties, fees from single-family properties and tenant charge-backs to rents and other single-family property revenues within the condensed consolidated statements of operations in the interim periods in 2018. See Note 2 for additional information.
(2) During the second quarter of 2018, the Operating Partnership incurred a net loss attributable to common unitholders primarily due to a $32.2 million allocation of income to the Series C participating preferred unitholders as a result of the redemption of all outstanding participating preferred units through a conversion of those participating preferred units into Class A common units. See Note 9 for additional information.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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