American Homes 4 Rent reported that rents and other single-family property revenues increased 7.5% year-over-year to $478.5 million for the third quarter of 2025. Net income attributable to common shareholders was $99.7 million, or $0.27 per diluted share, for the third quarter of 2025, up from $73.8 million, or $0.20 per diluted share, in the same period of 2024. For the nine-month period ended September 30, 2025, rents and other single-family property revenues rose 8.0% to $1.4 billion, compared to $1.3 billion in the prior-year period. The average occupied portfolio grew to 57,778 homes, compared to 56,131 homes for the same period in 2024. Core net operating income (NOI) from the total portfolio increased 8.9% to $787.3 million for the nine-month period, compared to $722.7 million in the prior year. For the company's Same-Home portfolio, core revenues increased 4.2% to $1.1 billion for the nine-month period, driven by a 3.9% increase in Average Monthly Realized Rent per property, higher fees, and lower uncollectible rents. Core property operating expenses from Same-Home properties increased 3.3% to $364.6 million, while Core NOI from Same-Home properties rose 4.7% to $702.9 million. The company attributed revenue growth to both an increase in the average occupied portfolio and higher rental rates.