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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and American Homes 4 Rent (AMH). Click either name above to swap in a different company.
American Homes 4 Rent is the larger business by last-quarter revenue ($455.0M vs $9.6M, roughly 47.2× American Assets Trust, Inc.). On growth, American Homes 4 Rent posted the faster year-over-year revenue change (4.2% vs -5.5%). American Homes 4 Rent produced more free cash flow last quarter ($135.5M vs $23.0M). Over the past eight quarters, American Homes 4 Rent's revenue compounded faster (3.6% CAGR vs -5.2%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
American Homes 4 RentAMHEarnings & Financial Report
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta, Dallas-Fort Worth, and Charlotte, North Carolina.
AAT vs AMH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $9.6M | $455.0M |
| Net Profit | — | $144.3M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | — | 31.7% |
| Revenue YoY | -5.5% | 4.2% |
| Net Profit YoY | — | 0.3% |
| EPS (diluted) | $0.06 | $0.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $9.6M | $455.0M | ||
| Q3 25 | $10.1M | $478.5M | ||
| Q2 25 | $10.2M | $457.5M | ||
| Q1 25 | $9.9M | $459.3M | ||
| Q4 24 | $10.2M | $436.6M | ||
| Q3 24 | $11.4M | $445.1M | ||
| Q2 24 | $10.6M | $423.5M | ||
| Q1 24 | $10.7M | $423.6M |
| Q4 25 | — | $144.3M | ||
| Q3 25 | $4.5M | $116.8M | ||
| Q2 25 | $5.5M | $123.6M | ||
| Q1 25 | $42.5M | $128.7M | ||
| Q4 24 | — | $143.9M | ||
| Q3 24 | $16.7M | $87.6M | ||
| Q2 24 | $11.9M | $108.5M | ||
| Q1 24 | $19.3M | $128.1M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | 44.6% | 24.4% | ||
| Q2 25 | 53.2% | 27.0% | ||
| Q1 25 | 429.3% | 28.0% | ||
| Q4 24 | — | 33.0% | ||
| Q3 24 | 145.5% | 19.7% | ||
| Q2 24 | 111.9% | 25.6% | ||
| Q1 24 | 179.4% | 30.2% |
| Q4 25 | $0.06 | $0.33 | ||
| Q3 25 | $0.07 | $0.27 | ||
| Q2 25 | $0.09 | $0.28 | ||
| Q1 25 | $0.70 | $0.30 | ||
| Q4 24 | $0.14 | $0.33 | ||
| Q3 24 | $0.28 | $0.20 | ||
| Q2 24 | $0.20 | $0.25 | ||
| Q1 24 | $0.32 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $129.4M | $108.5M |
| Total DebtLower is stronger | $1.7B | $5.1B |
| Stockholders' EquityBook value | $1.2B | $7.0B |
| Total Assets | $2.9B | $13.2B |
| Debt / EquityLower = less leverage | 1.48× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $129.4M | $108.5M | ||
| Q3 25 | $138.7M | $45.6M | ||
| Q2 25 | $143.7M | $323.3M | ||
| Q1 25 | $143.9M | $69.7M | ||
| Q4 24 | $425.7M | $199.4M | ||
| Q3 24 | $533.0M | $162.5M | ||
| Q2 24 | $114.9M | $718.4M | ||
| Q1 24 | $98.6M | $124.8M |
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $2.0B | $5.0B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.2B | $7.0B | ||
| Q3 25 | $1.2B | $7.2B | ||
| Q2 25 | $1.2B | $7.2B | ||
| Q1 25 | $1.2B | $7.2B | ||
| Q4 24 | $1.2B | $7.2B | ||
| Q3 24 | $1.2B | $7.0B | ||
| Q2 24 | $1.2B | $7.0B | ||
| Q1 24 | $1.2B | $7.0B |
| Q4 25 | $2.9B | $13.2B | ||
| Q3 25 | $2.9B | $13.3B | ||
| Q2 25 | $3.0B | $13.6B | ||
| Q1 25 | $3.0B | $13.3B | ||
| Q4 24 | $3.3B | $13.4B | ||
| Q3 24 | $3.4B | $12.8B | ||
| Q2 24 | $3.0B | $13.3B | ||
| Q1 24 | $3.0B | $12.8B |
| Q4 25 | 1.48× | 0.72× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.72× | 0.70× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.64× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $40.6M | $145.8M |
| Free Cash FlowOCF − Capex | $23.0M | $135.5M |
| FCF MarginFCF / Revenue | 238.4% | 29.8% |
| Capex IntensityCapex / Revenue | 182.1% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $94.9M | $823.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.6M | $145.8M | ||
| Q3 25 | $40.5M | $223.3M | ||
| Q2 25 | $49.2M | $271.9M | ||
| Q1 25 | $36.9M | $223.4M | ||
| Q4 24 | $40.6M | $102.2M | ||
| Q3 24 | $52.4M | $233.6M | ||
| Q2 24 | $59.3M | $274.0M | ||
| Q1 24 | $54.8M | $201.8M |
| Q4 25 | $23.0M | $135.5M | ||
| Q3 25 | $23.1M | $214.5M | ||
| Q2 25 | $28.4M | $257.7M | ||
| Q1 25 | $20.4M | $215.9M | ||
| Q4 24 | $21.5M | $97.9M | ||
| Q3 24 | $28.0M | $225.3M | ||
| Q2 24 | $43.6M | $263.3M | ||
| Q1 24 | $43.8M | $191.0M |
| Q4 25 | 238.4% | 29.8% | ||
| Q3 25 | 228.3% | 44.8% | ||
| Q2 25 | 276.7% | 56.3% | ||
| Q1 25 | 206.1% | 47.0% | ||
| Q4 24 | 210.4% | 22.4% | ||
| Q3 24 | 244.4% | 50.6% | ||
| Q2 24 | 409.9% | 62.2% | ||
| Q1 24 | 408.5% | 45.1% |
| Q4 25 | 182.1% | 2.3% | ||
| Q3 25 | 172.4% | 1.8% | ||
| Q2 25 | 203.1% | 3.1% | ||
| Q1 25 | 166.0% | 1.6% | ||
| Q4 24 | 187.6% | 1.0% | ||
| Q3 24 | 213.5% | 1.9% | ||
| Q2 24 | 147.4% | 2.5% | ||
| Q1 24 | 101.9% | 2.6% |
| Q4 25 | — | 1.01× | ||
| Q3 25 | 8.98× | 1.91× | ||
| Q2 25 | 9.01× | 2.20× | ||
| Q1 25 | 0.87× | 1.74× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | 3.15× | 2.67× | ||
| Q2 24 | 4.98× | 2.52× | ||
| Q1 24 | 2.84× | 1.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
