American Homes 4 Rent-A 2025年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to _______ Commission File Number: 001-36013 (American Homes 4 Rent)Commission File Number: 333-221878-02 (American Homes 4 Rent, L.P.) AMERICAN HOMES 4 RENTAMERICAN HOMES 4 RENT, L.P. (Exact name of registrant as specified in its charter) American Homes 4 RentAmerican Homes 4 Rent, L.P. 46-122966080-0860173(I.R.S. EmployerIdentification No.) MarylandDelaware(State or other jurisdiction ofincorporation or organization) 280 Pilot RoadLas Vegas, Nevada 89119(Address of principal executive offices) (Zip Code) (805) 413-5300(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. American Homes 4 Rent, L.P.Yes☐Noý American Homes 4 RentYes☐Noý Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. American Homes 4 RentYesýNo☐American Homes 4 Rent, L.P.YesýNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). American Homes 4 RentYesýNo☐American Homes 4 Rent, L.P.YesýNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. American Homes 4 RentLarge accelerated filerýNon-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. American Homes 4 Rent, L.P. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report. American Homes 4 Rent☒American Homes 4 Rent, L.P.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements. American Homes 4 Rent☐American Homes 4 Rent, L.P. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). American Homes 4 Rent, L.P.Yes☐Noý American Homes 4 RentYes☐Noý The aggregate market value of American Homes 4 Rent’s Class A common shares held by non-affiliates of the registrant wasapproximately $11.7 billion based on the closing price for such shares on the New York Stock Exchange on June 30, 2025. There is nopublic trading market for the common units of limited partnership interest of American Homes 4 Rent, L.P. As a result, the aggregatemarket value of the common units of limited partnership interest held by non-affiliates of American Homes 4 Rent, L.P. cannot bedetermined. There were 363,141,211 shares of American Homes 4 Rent’s Class A common shares, $0.01 par value per share, and 635,075 sharesof American Homes 4 Rent’s Class B common shares, $0.01 par value per share, outstanding on February 18, 2026. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Definitive Proxy Statement for our 2026 Annual Meeting of Shareholders are incorporated by reference into Part III ofthis report. We expect to file our proxy statement within 120 days after December 31, 2025. EXPLANATORY NOTE This report combines the annual reports on Form 10-K for the year ended Decem