XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Single-family properties:    
Land $ 1,911,697 $ 1,836,798
Buildings and improvements 8,548,603 8,163,023
Single-family properties in operation 10,460,300 9,999,821
Less: accumulated depreciation (1,913,648) (1,754,433)
Single-family properties in operation, net 8,546,652 8,245,388
Single-family properties under development and development land 647,979 510,365
Single-family properties held for sale, net 107,363 129,026
Total real estate assets, net 9,301,994 8,884,779
Cash and cash equivalents 40,585 137,060
Restricted cash 142,951 128,017
Rent and other receivables 50,916 41,544
Escrow deposits, prepaid expenses and other assets 182,701 163,171
Investments in unconsolidated joint ventures 103,634 93,109
Asset-backed securitization certificates 25,666 25,666
Goodwill 120,279 120,279
Total assets 9,968,726 9,593,625
Liabilities    
Asset-backed securitizations, net 1,917,833 1,927,607
Unsecured senior notes, net 890,481 889,805
Accounts payable and accrued expenses 366,907 298,949
Amounts payable to affiliates 0 4,834
Total liabilities 3,795,221 3,121,195
Commitments and contingencies (see Note 15)
Shareholders’ equity:    
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 15,400,000 and 35,350,000 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively) 154 354
Additional paid-in capital 5,949,615 6,223,256
Accumulated deficit (457,404) (443,522)
Accumulated other comprehensive income 1,991 5,840
Total shareholders’ equity 5,497,584 5,789,094
Limited partner:    
Accumulated other comprehensive income 1,991 5,840
Noncontrolling interest 675,921 683,336
Total equity 6,173,505 6,472,430
Total liabilities and equity/capital 9,968,726 9,593,625
American Homes 4 Rent, L.P.    
Single-family properties:    
Land 1,911,697 1,836,798
Buildings and improvements 8,548,603 8,163,023
Single-family properties in operation 10,460,300 9,999,821
Less: accumulated depreciation (1,913,648) (1,754,433)
Single-family properties in operation, net 8,546,652 8,245,388
Single-family properties under development and development land 647,979 510,365
Single-family properties held for sale, net 107,363 129,026
Total real estate assets, net 9,301,994 8,884,779
Cash and cash equivalents 40,585 137,060
Restricted cash 142,951 128,017
Rent and other receivables 50,916 41,544
Escrow deposits, prepaid expenses and other assets 182,701 163,171
Investments in unconsolidated joint ventures 103,634 93,109
Amounts due from affiliates 25,666 25,666
Goodwill 120,279 120,279
Total assets 9,968,726 9,593,625
Liabilities    
Asset-backed securitizations, net 1,917,833 1,927,607
Unsecured senior notes, net 890,481 889,805
Accounts payable and accrued expenses 366,907 298,949
Amounts payable to affiliates 0 4,834
Total liabilities 3,795,221 3,121,195
Commitments and contingencies (see Note 15)
Shareholders’ equity:    
Accumulated other comprehensive income 2,380 6,860
Limited partner:    
Accumulated other comprehensive income 2,380 6,860
Total capital 6,173,505 6,472,430
Total liabilities and equity/capital 9,968,726 9,593,625
American Homes 4 Rent, L.P. | Common Units    
General partner:    
General partner, capital account 5,124,029 4,928,819
Limited partner:    
Limited partners, capital account 675,532 682,316
American Homes 4 Rent, L.P. | Preferred Shares/Units    
General partner:    
General partner, capital account 371,564 854,435
Class A common shares/units    
Shareholders’ equity:    
Common stock issued 3,222 3,160
Class B common shares    
Shareholders’ equity:    
Common stock issued 6 6
Revolving Credit Facility    
Liabilities    
Revolving credit facility 620,000 0
Revolving Credit Facility | American Homes 4 Rent, L.P.    
Liabilities    
Revolving credit facility $ 620,000 $ 0