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v3.25.2

Earnings per Share / Unit - Operating Partnership's Computation of Net Income per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Mar. 31, 2025 | Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Numerator: |  |  |  |  |  |
Net income | $ 123,624 | $ 128,713 | $ 108,534 | $ 128,095 | $ 252,337 | $ 236,629
Less: |  |  |  |  |  |
Preferred distributions | 3,486 |  | 3,486 |  | 6,972 | 6,972
Allocation to participating securities | 343 |  | 314 |  | 689 | 682
Numerator for income per common share/unit–basic | 105,210 |  | 91,828 |  | 214,836 | 200,749
Numerator for income per common share/unit–diluted | $ 105,210 |  | $ 91,828 |  | $ 214,836 | $ 200,749
Effect of dilutive securities: |  |  |  |  |  |
Share-based compensation plan and forward sale equity contract | 367,720 |  | 534,622 |  | 378,537 | 496,830
American Homes 4 Rent, L.P. |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net income | $ 123,624 | $ 128,713 | $ 108,534 | $ 128,095 | $ 252,337 | $ 236,629
Less: |  |  |  |  |  |
Preferred distributions | 3,486 |  | 3,486 |  | 6,972 | 6,972
Allocation to participating securities | 343 |  | 314 |  | 689 | 682
Numerator for income per common share/unit–basic | 119,795 |  | 104,734 |  | 244,676 | 228,975
Numerator for income per common share/unit–diluted | $ 119,795 |  | $ 104,734 |  | $ 244,676 | $ 228,975
Denominator: |  |  |  |  |  |
Weighted-average common units outstanding - basic (in shares) | 421,920,878 |  | 418,155,313 |  | 421,840,845 | 418,022,776
Effect of dilutive securities: |  |  |  |  |  |
Share-based compensation plan and forward sale equity contract | 367,720 |  | 534,622 |  | 378,537 | 496,830
Weighted-average common units outstanding-diluted (in shares) | 422,288,598 |  | 418,689,935 |  | 422,219,382 | 418,519,606
Net income per common share/unit |  |  |  |  |  |
Basic (in dollars per share) | $ 0.28 |  | $ 0.25 |  | $ 0.58 | $ 0.55
Diluted (in dollars per share) | $ 0.28 |  | $ 0.25 |  | $ 0.58 | $ 0.55

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