Updated
The most significant concentration American Homes 4 Rent discloses is Atlanta, Charlotte, Dallas-Fort Worth, Nashville, Jacksonville, Phoenix, and 4 other MSAs at 57.9%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: American Homes 4 Rent’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: '57.9% of our operating properties are located in Atlanta, GA, Charlotte, NC, Dallas-Fort Worth, TX, Nashville, TN, Jacksonville, FL, Phoenix, AZ, Indianapolis, IN, Tampa, FL, Las Vegas, NV and Houston, TX'”
“10-K Item 1A: 'Our investments are, and are expected to continue to be, concentrated in single-family properties'”
The company's concentration profile is driven by two structural exposures that together define the risk architecture of a single-family residential REIT. The property-type concentration is the most fundamental: investments are, and are expected to continue to be, concentrated in single-family properties, a high-share structural exposure that reflects the deliberate mandate of the business. This is not an idiosyncratic dependency but the strategy itself — all operational, financing, and market risk flows through a single property type, meaning sector-specific headwinds such as elevated interest rates suppressing housing demand, increased single-family supply, or insurance cost inflation would affect the entire portfolio rather than being offset by other asset classes. Layered on that is a geographic concentration: 57.9% of operating properties are located in ten specific metropolitan statistical areas — Atlanta, Charlotte, Dallas-Fort Worth, Nashville, Jacksonville, Phoenix, Indianapolis, Tampa, Las Vegas, and Houston — a high-share structural exposure by disclosed size. This represents a deliberate sunbelt and high-growth-market strategy but simultaneously creates a portfolio where macro, regulatory, or insurance-cost developments specific to those markets affect a majority of assets at once. The two structural exposures are directionally aligned: a stress in the single-family housing market in sunbelt metropolitan areas — the company's dominant geography — would affect both dimensions simultaneously, with no offsetting diversification from other property types or non-concentration geographies. Both exposures are well-disclosed and inherent to the company's stated investment mandate.
For the engine’s reasoning on AMH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMH● | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| ELS | Equity Lifestyle Properties, In | 0 | 1 | 3 | 4 |
| EQR | Equity Residential | 0 | 1 | 0 | 1 |
| ESS | Essex Property Trust, Inc. | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.