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Earnings per Share / Unit (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Net Income per Share on Basic and Diluted Basis
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, 2022 and 2021 (amounts in thousands, except share and per share data):
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
 2022202120222021
Numerator:    
Net income$61,665 $48,501 $206,234 $149,236 
Less:
Noncontrolling interest 7,464 5,869 24,119 14,012 
Dividends on preferred shares3,486 5,763 13,595 32,160 
Redemption of perpetual preferred shares— — 5,276 15,879 
Allocation to participating securities (1)
188 118 583 300 
Numerator for income per common share–basic and diluted$50,527 $36,751 $162,661 $86,885 
Denominator:
Weighted-average common shares outstanding–basic348,944,055 324,002,538 347,730,579 320,267,903 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
400,486 2,203,885 552,416 1,611,332 
Weighted-average common shares outstanding–diluted (3)
349,344,541 326,206,423 348,282,995 321,879,235 
Net income per common share:
Basic$0.14 $0.11 $0.47 $0.27 
Diluted$0.14 $0.11 $0.47 $0.27 
(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 forward sale equity contracts under the treasury stock method (see Note 10. Shareholders’ Equity / Partners’ Capital).
(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, 2022 and 2021 (amounts in thousands, except unit and per unit data):
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
 2022202120222021
Numerator:    
Net income$61,665 $48,501 $206,234 $149,236 
Less:
Preferred distributions3,486 5,763 13,595 32,160 
Redemption of perpetual preferred units— — 5,276 15,879 
Allocation to participating securities (1)
188 118 583 300 
Numerator for income per common unit–basic and diluted$57,991 $42,620 $186,780 $100,897 
Denominator:
Weighted-average common units outstanding–basic400,321,035 375,379,518 399,107,559 371,739,755 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
400,486 2,203,885 552,416 1,611,332 
Weighted-average common units outstanding–diluted400,721,521 377,583,403 399,659,975 373,351,087 
Net income per common unit:
Basic$0.14 $0.11 $0.47 $0.27 
Diluted$0.14 $0.11 $0.47 $0.27 
(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 forward sale equity contracts under the treasury stock method (see Note 10. Shareholders’ Equity / Partners’ Capital).