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Earnings per Share / Unit
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Share / Unit Earnings per Share / Unit
 
    American Homes 4 Rent

    The following table reflects the Company’s computation of net income per common share on a basic and diluted basis for the three and nine months ended September 30, 2020 and 2019 (in thousands, except share and per share data):

For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
 2020201920202019
Numerator:    
Net income$40,153 $41,401 $109,487 $114,796 
Less:
Noncontrolling interest 3,819 4,099 9,976 11,129 
Dividends on preferred shares13,782 13,782 41,346 41,346 
Allocation to participating securities (1)
56 48 152 122 
Numerator for income per common share–basic and diluted$22,496 $23,472 $58,013 $62,199 
Denominator:
Weighted-average common shares outstanding–basic308,080,226 300,580,978 303,319,053 298,974,146 
Effect of dilutive securities:
Share-based compensation plan (2)
461,276 451,877 456,503 505,088 
Weighted-average common shares outstanding–diluted (3)
308,541,502 301,032,855 303,775,556 299,479,234 
Net income per common share:
Basic$0.07 $0.08 $0.19 $0.21 
Diluted$0.07 $0.08 $0.19 $0.21 
(1)Unvested restricted stock units that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options.
(3)The effect of the potential conversion of OP units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Class A common shares on a one-for-one basis. The income allocable to the OP units is allocated on this same basis and reflected as noncontrolling interest in the accompanying condensed consolidated financial statements. As such, the assumed conversion of the OP units would have no net impact on the determination of diluted earnings per share.
    American Homes 4 Rent, L.P.

    The following table reflects the Operating Partnership’s computation of net income per common unit on a basic and diluted basis for the three and nine months ended September 30, 2020 and 2019 (in thousands, except unit and per unit data):

For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
 2020201920202019
Numerator:    
Net income$40,153 $41,401 $109,487 $114,796 
Less:
Preferred distributions13,782 13,782 41,346 41,346 
Allocation to participating securities (1)
56 48 152 122 
Numerator for income per common unit–basic and diluted$26,315 $27,571 $67,989 $73,328 
Denominator:
Weighted-average common units outstanding–basic360,107,206 352,714,480 355,346,033 352,362,220 
Effect of dilutive securities:
Share-based compensation plan (2)
461,276 451,877 456,503 505,088 
Weighted-average common units outstanding–diluted360,568,482 353,166,357 355,802,536 352,867,308 
Net income per common unit:
Basic$0.07 $0.08 $0.19 $0.21 
Diluted$0.07 $0.08 $0.19 $0.21 
(1)Unvested restricted stock units that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options.