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Earnings per Share / Unit (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computation of Net Loss per Share on Basic and Diluted Basis
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 years ended December 31, 2020, 2019 and 2018 (in thousands, except share and per share data):
 For the Years Ended December 31,
 202020192018
Numerator:   
Net income$154,829 $156,260 $112,438 
Less:
Noncontrolling interest 14,455 15,221 4,165 
Dividends on preferred shares55,128 55,128 52,586 
Redemption of participating preferred shares— — 32,215 
Allocation to participating securities (1)
217 166 85 
Numerator for income per common share–basic and diluted$85,029 $85,745 $23,387 
Denominator:
Weighted-average common shares outstanding–basic306,613,197299,415,397293,640,500
Effect of dilutive securities:
Share-based compensation plan (2)
461,550 503,569 627,830 
Weighted-average common shares outstanding–diluted (3)
307,074,747 299,918,966 294,268,330 
Net income per common share:
Basic $0.28 $0.29 $0.08 
Diluted$0.28 $0.29 $0.08 
(1)Unvested RSUs 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 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 years ended December 31, 2020, 2019 and 2018 (in thousands, except unit and per unit data): 
For the Years Ended December 31,
 202020192018
Numerator:   
Net income$154,829 $156,260 $112,438 
Less:
Noncontrolling interest — — (259)
Preferred distributions55,128 55,128 52,586 
Redemption of participating preferred units— — 32,215 
Allocation to participating securities (1)
217 166 85 
Numerator for income per common unit–basic and diluted$99,484 $100,966 $27,811 
Denominator:
Weighted-average common units outstanding–basic358,603,291 352,460,401 348,990,561 
Effect of dilutive securities:
Share-based compensation plan (2)
461,550 503,569 627,830 
Weighted-average common units outstanding–diluted359,064,841 352,963,970 349,618,391 
Net income per common unit:
Basic$0.28 $0.29 $0.08 
Diluted$0.28 $0.29 $0.08 
(1)Unvested RSUs 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 unit using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options.