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Earnings per Share / Unit
 12 Months Ended
Dec. 31, 2022
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 years ended December 31, 2022, 2021 and 2020 (amounts in thousands, except share and per share data):
 For the Years Ended December 31,
 202220212020
Numerator:   
Net income$310,025 $210,559 $154,829 
Less:
Noncontrolling interest 36,887 21,467 14,455 
Dividends on preferred shares17,081 37,923 55,128 
Redemption of perpetual preferred shares5,276 15,879 — 
Allocation to participating securities (1)
767 418 217 
Numerator for income per common share–basic and diluted$250,014 $134,872 $85,029 
Denominator:
Weighted-average common shares outstanding–basic349,290,848324,245,168306,613,197
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
496,244 1,273,123 461,550 
Weighted-average common shares outstanding–diluted (3)
349,787,092 325,518,291 307,074,747 
Net income per common share:
Basic $0.72 $0.42 $0.28 
Diluted$0.71 $0.41 $0.28 
(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 9. 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 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, 2022, 2021 and 2020 (amounts in thousands, except unit and per unit data):
For the Years Ended December 31,
 202220212020
Numerator:   
Net income$310,025 $210,559 $154,829 
Less:
Preferred distributions17,081 37,923 55,128 
Redemption of perpetual preferred units5,276 15,879 — 
Allocation to participating securities (1)
767 418 217 
Numerator for income per common unit–basic and diluted$286,901 $156,339 $99,484 
Denominator:
Weighted-average common units outstanding–basic400,667,828 375,693,107 358,603,291 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contracts (2)
496,244 1,273,123 461,550 
Weighted-average common units outstanding–diluted401,164,072 376,966,230 359,064,841 
Net income per common unit:
Basic$0.72 $0.42 $0.28 
Diluted$0.71 $0.41 $0.28 
(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 9. Shareholders’ Equity / Partners’ Capital).