AMH Announces Tax Treatment of 2025 Distributions

Rhea-AI Summary

AMH (NYSE: AMH) disclosed the tax characterization of its 2025 quarterly cash distributions for common and Series G/H preferred shares. Quarterly classifications show Ordinary Dividend Income ranging from 46.57% to 70.171487%, Qualified Dividend Income of 0.881091%–1.578236%, and Capital Gain Distributions of 28.947422%–51.851433%.

Notes: 100% of ordinary dividends qualify under IRC Section 199A; 31.566555% of capital gains are unrecaptured Section 1250 gain; all capital gains are IRC Section 1231 gains and represent US real property dispositions for foreign shareholders.

Positive

• Ordinary dividends include 100% Section 199A qualified REIT dividend income
• Detailed per-quarter tax breakdown provides clarity for shareholder tax planning

Negative

• Capital gain distributions comprised up to 51.851433% of quarterly distributions
• 31.566555% of capital gains are unrecaptured IRC Section 1250 gain

News Market Reaction

-1.66%

1 alert

-1.66% News Effect

On the day this news was published, AMH declined 1.66%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ordinary dividend 3/31: 70.171487% Capital gains 3/31: 28.947422% Qualified dividend 3/31: 0.881091% +5 more

8 metrics

Ordinary dividend 3/31 70.171487% Portion of 3/31/2025 distribution as Ordinary Dividend Income

Capital gains 3/31 28.947422% Portion of 3/31/2025 distribution as Capital Gain Distributions

Qualified dividend 3/31 0.881091% Portion of 3/31/2025 distribution as Qualified Dividend Income

Ordinary income 199A 100% Ordinary Dividend Income treated as Section 199A Qualified REIT dividends

Unrecaptured Sec. 1250 31.566555% Portion of capital gains treated as unrecaptured IRC Section 1250 gain

Holding period 45 days Required share holding period for Section 199A dividend treatment

US real property gains 100% Capital gains treated as US real property interest gains for foreign holders

Owned properties over 61,000 Single-family properties owned as of September 30, 2025

Market Reality Check

Price: $30.84 Vol: Volume 4,147,451 is sligh...

normal vol

$30.84 Last Close

Volume Volume 4,147,451 is slightly below 20-day average 4,787,848 (relative volume 0.87x). normal

Technical Shares at $30.92 trade below the $34.28 200-day MA and 21.7% below the 52-week high of $39.49.

Peers on Argus

AMH gained 0.42% while most REIT-residential peers also rose modestly (e.g., UDR...

AMH gained 0.42% while most REIT-residential peers also rose modestly (e.g., UDR +0.74%, MAA +0.29%, SUI +1.31%), with INVH slightly lower at -0.30%. No momentum scanner signals or same-day peer news suggest this tax classification update was stock-specific rather than a sector-wide driver.

Historical Context

5 past events · Latest: Jan 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	Earnings call schedule	Neutral	+1.5%	Announced dates for Q4 and full-year 2025 earnings release and call.
Nov 05	Dividend declaration	Positive	-1.5%	Declared Q4 2025 common and preferred share cash distributions.
Oct 29	Quarterly earnings	Positive	+0.7%	Reported Q3 2025 results and raised full-year Core FFO guidance.
Oct 03	Earnings call schedule	Neutral	-0.4%	Set date and time for Q3 2025 earnings release and call.
Sep 03	Conference participation	Neutral	-0.3%	Announced participation in a major real estate investor conference.

Pattern Detected

Earnings beats and operational updates have seen modest positive reactions, while dividend announcements have not always been rewarded, showing one recent divergence.

Recent Company History

Recent AMH news has focused on earnings, capital allocation, and investor communications. On Oct 29, 2025, AMH reported stronger Q3 2025 results and raised Core FFO guidance, with a positive price reaction. A Q4 2025 dividend announcement on Nov 5, 2025 saw a small decline. Multiple conference and earnings-date announcements in 2025 and early 2026 produced only modest moves. Today’s detailed 2025 tax treatment disclosure fits this pattern of informational, non-operational updates.

Market Pulse Summary

This announcement details the tax treatment of AMH’s 2025 cash distributions, breaking them into ord...

Analysis

This announcement details the tax treatment of AMH’s 2025 cash distributions, breaking them into ordinary income, qualified dividends, and capital gains, with specific rules under several IRC sections. It does not alter dividend amounts or operating performance. Recent history shows AMH focused on growth, guidance raises, and steady distributions. Investors may watch upcoming earnings, future distribution decisions, and any changes in property performance to assess the broader income and tax profile over time.

Key Terms

internal revenue code (irc) section 199a, qualified reit dividend income, treasury regulation §1.199a-3(c)(2)(ii), irc section 1250, +3 more

7 terms

internal revenue code (irc) section 199a regulatory

"100% of the Ordinary Dividend Income is treated as Internal Revenue Code (IRC) Section 199A"

A U.S. tax rule that lets many small businesses and owners of pass-through entities reduce taxable income by taking a percentage deduction on qualifying business earnings. Think of it like a coupon on your tax bill that can increase after‑tax cash flow; for investors it changes expected profits, cash available for dividends or reinvestment, and therefore company value and comparisons between corporate and pass‑through business models.

qualified reit dividend income regulatory

"100% of the Ordinary Dividend Income is treated as Internal Revenue Code (IRC) Section 199A Qualified REIT Dividend Income."

Qualified REIT dividend income is the portion of dividend payments from real estate investment trusts (REITs) that tax rules allow investors to treat as eligible for a special individual tax deduction, effectively lowering the taxable amount of that income. For investors this matters because it can increase after-tax returns — like getting a partial discount on the dividend income — and therefore can affect how attractive, and how much you’re willing to pay for, REIT shares.

treasury regulation §1.199a-3(c)(2)(ii) regulatory

"Treasury Regulation §1.199A-3(c)(2)(ii) requires that shareholders hold their REIT shares"

A Treasury regulation that describes rules for identifying whether a business counts as a “specified service trade or business” for the Section 199A qualified business income tax deduction. Investors care because that classification determines whether owners of pass-through entities (like partnerships or S corporations) can take a significant deduction that lowers taxable income—similar to whether a household qualifies for a particular tax break, which affects how much money ultimately stays in investors’ pockets.

irc section 1250 regulatory

"31.566555% of the capital gain distributions is treated as unrecaptured IRC Section 1250 gain."

IRC Section 1250 is a U.S. tax rule that can make part of the profit from selling depreciated real estate (like buildings) taxed at higher rates because the owner already deducted wear-and-tear costs. Think of it like paying back part of a past discount: when you sell, some of the earlier tax savings are reclassified as taxable income. For investors, it affects after-tax proceeds from property sales and can change whether a deal remains attractive once taxes are included.

irc section 1061 regulatory

"for purposes of IRC Section 1061. IRC Section 1061 is generally applicable to direct"

IRC Section 1061 is a U.S. tax rule that treats gains from certain partnership interests tied to performance—commonly called carried interest—like short-term gains unless the interest was held for at least three years. For investors and fund managers, that means profits from these performance-based stakes can be taxed at higher ordinary-income rates rather than lower long-term capital-gains rates if the three-year holding ‘clock’ isn’t met; think of it like needing to hold a tool for three years to qualify for a cheaper sales tax on the sale.

irc section 1231 regulatory

"amounts required to be disclosed are both zero with respect to the 2025 distributions, since all capital gain distributions relate to IRC Section 1231 gains."

A U.S. tax rule that governs the profit or loss from selling business assets such as buildings, equipment, or other property used in a trade and held for more than one year. It matters to investors because it often lets a net gain be taxed at the lower long‑term capital gains rate while net losses can be deducted against ordinary income, affecting the after‑tax return much like getting a different price tag for a used car sale versus a routine expense.

irc section 897 regulatory

"100% of the capital gain distributions represent gain from dispositions of US real property interests pursuant to IRC Section 897 for foreign shareholders."

IRC Section 897 is a U.S. tax rule that treats sales or other dispositions of U.S. real estate interests by non-U.S. persons as taxable events in the United States. It matters to investors because it can subject foreign sellers to U.S. tax and withholding at the time of a sale, similar to a buyer holding back part of the sale proceeds to ensure taxes are paid, which affects transaction cash flow and net returns.

AI-generated analysis. Not financial advice.

LAS VEGAS, Jan. 30, 2026 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator and developer of single-family rental homes, today announced the tax treatment of the Company's 2025 cash distributions.

For the tax year ended December 31, 2025, quarterly cash distributions for its:

• Common shares
• 5.875% Series G redeemable perpetual preferred shares
• 6.25% Series H redeemable perpetual preferred shares

were classified as follows:

Classification	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Ordinary Dividend Income (1)	70.171487 %	46.570331 %	46.570331 %	46.570331 %
Qualified Dividend Income	0.881091 %	1.578236 %	1.578236 %	1.578236 %
Capital Gain Distributions (2)(3)(4)	28.947422 %	51.851433 %	51.851433 %	51.851433 %
Total	100.000000 %	100.000000 %	100.000000 %	100.000000 %

(1)	100% of the Ordinary Dividend Income is treated as Internal Revenue Code (IRC) Section 199A Qualified REIT Dividend Income. Treasury Regulation §1.199A-3(c)(2)(ii) requires that shareholders hold their REIT shares for at least 45 days in order for the dividends to be treated as Section 199A Dividends.
(2)	31.566555% of the capital gain distributions is treated as unrecaptured IRC Section 1250 gain.
(3)	Pursuant to Treasury Regulation §1.1061-6(c), the Company is disclosing additional information related to the capital gain dividends reported on Form 1099-DIV, Box 2a, Total Capital Gain Distributions for purposes of IRC Section 1061. IRC Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The "One Year Amounts" and "Three Year Amounts" required to be disclosed are both zero with respect to the 2025 distributions, since all capital gain distributions relate to IRC Section 1231 gains. Shareholders should consult with their tax advisors to determine whether IRC Section 1061 applies to their capital gain distributions.
(4)	100% of the capital gain distributions represent gain from dispositions of US real property interests pursuant to IRC Section 897 for foreign shareholders.

The Company's tax return for the year ended December 31, 2025, has not yet been filed. As a result, the income tax classification for the distributions discussed above has been calculated using the best available information as of the date of this release.

The Company encourages shareholders to consult with their own tax advisors as to the specific tax treatment of these distributions.

About AMH

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.

In recent years, we've been named a 2025 Great Place to Work®, a 2025 Top U.S. Homebuilder by Builder100, and one of the 2025 Most Trustworthy Companies in America by Newsweek and Statista Inc. As of September 30, 2025, we owned over 61,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States. Additional information about AMH is available on our website at www.amh.com.

AMH refers to one or more of American Homes 4 Rent, American Homes 4 Rent, L.P. and their subsidiaries and joint ventures. In certain states, we operate under AMH Living or American Homes 4 Rent. Please see www.amh.com/dba to learn more.

AMH Contacts:

Brian Nelson
Media Relations
Phone: (855) 774-4663
Email: media@amh.com

Nicholas Fromm
Investor Relations
Phone: (855) 794-2447
Email: investors@amh.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/amh-announces-tax-treatment-of-2025-distributions-302675386.html

SOURCE AMH

FAQ

What portion of AMH's 2025 distributions were ordinary dividends for Q1–Q4 (AMH)?

Q1 ordinary dividends were 70.171487%; Q2–Q4 were 46.570331%. According to the company, those percentages reflect the tax classification for distributions paid in 2025, useful for shareholders calculating taxable ordinary income.

How much of AMH's 2025 distributions were capital gain distributions (AMH)?

Capital gain distributions ranged from 28.947422% in Q1 to 51.851433% in Q2–Q4. According to the company, these represent capital gains reported on Form 1099-DIV, Box 2a, for the 2025 tax year.

Are AMH's ordinary dividends eligible for the Section 199A deduction in 2025 (AMH)?

Yes. 100% of the ordinary dividend income is treated as Section 199A Qualified REIT Dividend Income. According to the company, shareholders must hold REIT shares at least 45 days to claim Section 199A treatment per Treasury regulations.

What portion of AMH's 2025 capital gains are unrecaptured Section 1250 gain (AMH)?

31.566555% of the capital gain distributions are unrecaptured Section 1250 gain. According to the company, this classification affects the taxable rate applied to that portion of capital gain distributions for U.S. taxpayers.

Do AMH's 2025 capital gain distributions affect foreign shareholders differently (AMH)?

Yes. According to the company, 100% of the capital gain distributions represent gain from dispositions of U.S. real property interests under IRC Section 897 for foreign shareholders, which may have distinct US tax withholding and reporting consequences.