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Earnings per Share / Unit
6 Months Ended
Jun. 30, 2021
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 six months ended June 30, 2021 and 2020 (in thousands, except share and per share data):
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
 2021202020212020
Numerator:    
Net income$51,814 $31,807 $100,735 $69,334 
Less:
Noncontrolling interest 3,218 2,656 8,143 6,157 
Dividends on preferred shares12,615 13,782 26,397 27,564 
Redemption of perpetual preferred shares15,879 — 15,879 — 
Allocation to participating securities (1)
101 42 194 96 
Numerator for income per common share–basic and diluted$20,001 $15,327 $50,122 $35,517 
Denominator:
Weighted-average common shares outstanding–basic319,752,730 301,011,545 318,380,175 300,912,307 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
1,056,266 400,698 1,027,978 446,462 
Weighted-average common shares outstanding–diluted (3)
320,808,996 301,412,243 319,408,153 301,358,769 
Net income per common share:
Basic$0.06 $0.05 $0.16 $0.12 
Diluted$0.06 $0.05 $0.16 $0.12 
(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 and the dilutive effect of unsettled forward sale equity contracts under the treasury stock method (see Note 10).
(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 six months ended June 30, 2021 and 2020 (in thousands, except unit and per unit data):
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
 2021202020212020
Numerator:    
Net income$51,814 $31,807 $100,735 $69,334 
Less:
Preferred distributions12,615 13,782 26,397 27,564 
Redemption of perpetual preferred units15,879 — 15,879 — 
Allocation to participating securities (1)
101 42 194 96 
Numerator for income per common unit–basic and diluted$23,219 $17,983 $58,265 $41,674 
Denominator:
Weighted-average common units outstanding–basic371,129,710 353,038,525 369,900,249 352,939,287 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
1,056,266 400,698 1,027,978 446,462 
Weighted-average common units outstanding–diluted372,185,976 353,439,223 370,928,227 353,385,749 
Net income per common unit:
Basic$0.06 $0.05 $0.16 $0.12 
Diluted$0.06 $0.05 $0.16 $0.12 
(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 and the dilutive effect of unsettled forward sale equity contracts under the treasury stock method (see Note 10).