[SCHEDULE 13G] American Homes 4 Rent Passive Investment Disclosure (>5%)

American Homes 4 Rent (AMH) Schedule 13G shows Principal Global Investors and Principal Real Estate Investors LLC together report beneficial ownership of 18,593,605 Class A shares representing 5.1% of the class.

Rhea-AI Filing Summary

American Homes 4 Rent (AMH) Schedule 13G shows Principal Global Investors and Principal Real Estate Investors LLC together report beneficial ownership of 18,593,605 Class A shares representing 5.1% of the class. The filing attributes 16,429,582 shared voting and dispositive shares to Principal Real Estate Investors LLC and 2,164,023 to Principal Global Investors. The statement is signed by J. Markham Penrod on 05/11/2026 and is filed jointly under a Joint Filing Agreement.

Insights

Institutional Ownership Analyst

Large passive holder reports a 5.1% stake in AMH.

The filing lists 18,593,605 shares as beneficially owned, with 16,429,582 shares under shared voting/dispositive power for Principal Real Estate Investors LLC and 2,164,023 for Principal Global Investors. The ownership is reported on 05/11/2026.

As a Schedule 13G, this indicates an investor holding the position in a passive or qualifying capacity rather than an activist intent. Subsequent filings may change disclosures if ownership or intent shifts.

Key Figures

Beneficially owned: 18,593,605 shares Percent of class: 5.1% Principal Real Estate Investors LLC shared holdings: 16,429,582 shares +3 more

6 metrics

Beneficially owned 18,593,605 shares Schedule 13G filing

Percent of class 5.1% Class A common shares, $.01 par value

Principal Real Estate Investors LLC shared holdings 16,429,582 shares Shared voting and dispositive power

Principal Global Investors shared holdings 2,164,023 shares Shared voting and dispositive power

Signature date 05/11/2026 Filed and signed by J. Markham Penrod

CUSIP 02665T306 Class A common shares

Key Terms

Schedule 13G, Beneficially owned, Shared dispositive power

3 terms

Schedule 13G regulatory

"Item 1. ... Name of issuer: American Homes 4 Rent"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned regulatory

"Item 4. | Ownership (a) | Amount beneficially owned: 18,593,605"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared dispositive power regulatory

"shared dispositive power 16,429,582.00"

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Accepted by SEC EDGAR 05/12/2026 - 09:54 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

American Homes 4 Rent

(Name of Issuer)

Class A common shares of beneficial interest, $.01 par value

(Title of Class of Securities)

02665T306

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 02665T306

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,164,023.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,164,023.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,164,023.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 02665T306

1

Names of Reporting Persons

PRINCIPAL REAL ESTATE INVESTORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 16,429,582.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 16,429,582.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,429,582.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: American Homes 4 Rent
(b)	Address of issuer's principal executive offices: 280 PILOT ROAD, LAS VEGAS, NEVADA 89119
Item 2.
(a)	Name of person filing: PRINCIPAL GLOBAL INVESTORS PRINCIPAL REAL ESTATE INVESTORS LLC
(b)	Address or principal business office or, if none, residence: PRINCIPAL GLOBAL INVESTORS 711 HIGH STREET DES MOINES, Iowa 50392-0300 PRINCIPAL REAL ESTATE INVESTORS, LLC 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL GLOBAL INVESTORS - DELAWARE PRINCIPAL REAL ESTATE INVESTORS LLC - DELAWARE
(d)	Title of class of securities: Class A common shares of beneficial interest, $.01 par value
(e)	CUSIP Number(s): 02665T306
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 18,593,605
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 0 PRINCIPAL REAL ESTATE INVESTORS LLC - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 2,164,023 PRINCIPAL REAL ESTATE INVESTORS LLC - 16,429,582
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 0 PRINCIPAL REAL ESTATE INVESTORS LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 2,164,023 PRINCIPAL REAL ESTATE INVESTORS LLC - 16,429,582
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	J. Markham Penrod, Chief Compliance Officer - North America, Principal Asset Management
Date:	05/11/2026

PRINCIPAL REAL ESTATE INVESTORS LLC

Signature:	/s/ J. Markham Penrod
Name/Title:	J. Markham Penrod, Chief Compliance Officer - North America, Principal Asset Management
Date:	05/11/2026

Exhibit Information

This statement is filed by Principal Global Investors LLC and Principal Real Estate Investors LLC jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.