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American Homes 4 Rent (American Homes 4 Rent) Gross Profit

: $901 Mil (TTM As of Dec. 2023)
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American Homes 4 Rent's gross profit for the three months ended in Dec. 2023 was $235 Mil. American Homes 4 Rent's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $901 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. American Homes 4 Rent's gross profit for the three months ended in Dec. 2023 was $235 Mil. American Homes 4 Rent's Revenue for the three months ended in Dec. 2023 was $409 Mil. Therefore, American Homes 4 Rent's Gross Margin % for the quarter that ended in Dec. 2023 was 57.44%.

American Homes 4 Rent had a gross margin of 57.44% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of American Homes 4 Rent was 55.85%. The lowest was 53.48%. And the median was 54.77%.


American Homes 4 Rent Gross Profit Historical Data

The historical data trend for American Homes 4 Rent's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Homes 4 Rent Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 611.38 632.36 716.81 825.75 900.78

American Homes 4 Rent Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 215.66 219.84 222.33 223.87 234.75

Competitive Comparison

For the REIT - Residential subindustry, American Homes 4 Rent's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Homes 4 Rent Gross Profit Distribution

For the REITs industry and Real Estate sector, American Homes 4 Rent's Gross Profit distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Gross Profit falls into.



American Homes 4 Rent Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

American Homes 4 Rent's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=1623.605 - 722.822
=901

American Homes 4 Rent's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=408.657 - 173.909
=235

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $901 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

American Homes 4 Rent's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=235 / 408.657
=57.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


American Homes 4 Rent  (NYSE:AMH) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

American Homes 4 Rent had a gross margin of 57.44% for the quarter that ended in Dec. 2023 => Durable competitive advantage


American Homes 4 Rent Gross Profit Related Terms

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American Homes 4 Rent (American Homes 4 Rent) Business Description

Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.
Executives
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
Bryan Smith officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Brian Reitz officer: Chief Accounting Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Sara H. Vogt-lowell officer: SVP & Chief Legal Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Douglas N Benham director
Christopher Lau officer: Chief Financial Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew J Hart director C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Tamara Hughes Gustavson director 701 WESTERN AVENUE, GLENDALE CA 91201-2349
Kenneth M. Woolley director 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Anita Marie Mayala-mcintyre other: MGR. HF Investments 2010, LLC 423 CALLE SANTIAGO, NEWBURY PARK CA 91320
Jack E Corrigan director, officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Hughes B Wayne Et Al director 701 WESTERN AVENUE, GLENDALE CA 91201
David P. Singelyn director, 10 percent owner, officer: Chief Executive Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD,, LAS VEGAS NV 89119
Michelle C. Kerrick director C/O AMERICAN HOMES 4 RENT (LEGAL DEPT), 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew R Zaist director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660

American Homes 4 Rent (American Homes 4 Rent) Headlines

From GuruFocus

American Homes 4 Rent Rebrands as AMH

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AMH Announces 22% Increase in Quarterly Distribution

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American Homes 4 Rent Announces Distributions

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