Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | AMERICAN HOMES 4 RENT |
Entity Central Index Key | 0001562401 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay Versus Performance Tables The following table sets forth information concerning the compensation paid to our CEO and to our other NEOs compared to company performance for the years ended December 31, 2022, 2021 and 2020. Year Summary (1)(2) ($) CAP to CEO (3) ($) Average Summary (1)(2) ($) Average CAP to Other (3) ($) Value of Initial Fixed $100 GAAP Net (5) ($) Core FFO Share ($) TSR (4) ($) Peer Group (4) ($) 2022 6,482,600 5,063,676 2,965,317 2,058,580 119 100 310,025 1.54 2021 4,592,060 6,624,511 2,551,105 3,919,810 169 132 210,559 1.36 2020 3,341,650 3,488,258 1,855,710 1,798,939 115 92 154,829 1.16 (1) For each year shown, the CEO was David P. Singelyn. For 2022 and 2021, the other NEOs were Jack Corrigan, Bryan Smith, Christopher C. Lau and Sara H. Vogt-Lowell, and for 2020, the other NEOs were Jack Corrigan, Bryan Smith, Christopher C. Lau, Sara H. Vogt-Lowell and Stephanie G. Heim. (2) The values reflected in this column reflect the “Total” compensation (3) Compensation actually paid (“CAP”) is defined by the SEC and is computed in accordance with SEC rules by subtracting the amounts in the “Stock Awards” and “Option Awards” columns of the SCT for each year from the “Total” column of the SCT and then: (i) adding the fair value as of the end of the reported year of all awards granted during the reporting year that are outstanding and unvested as of the end of the reporting year; (ii) adding the amount equal to the change as of the end of the reporting year (from the end of the prior year) in fair value (whether positive or negative) of any awards granted in any prior year that are outstanding and unvested as of the end of the reporting year; (iii) adding the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior year for which all applicable vesting conditions were satisfied at the end of or during the reporting year; (iv) subtracting for any awards granted in any prior year that are forfeited during the reporting year, the amount equal to the fair value at the end of the prior year; and (v) adding the value of any dividends (or dividend equivalents) paid in the reporting year on unvested equity awards and the value of accrued dividends (or dividend equivalents) paid on performance awards that vested in the reporting year. The following tables reflect the adjustments made to SCT total compensation to compute CAP for our CEO and average CAP for our other NEOs. CEO Year SCT Total Comp ($) Minus SCT Equity ($) Plus Value of New as of 12/31 ($) Plus Annual Value of Prior Year Awards that Unvested ($) Plus Change in Value of Prior Year Awards ($) Minus Value of Forfeited Prior Years Awards ($) Plus Dividends Unvested Awards/ Accrued Dividends ($) Equals CAP ($) 2022 6,482,600 (4,303,200 ) 4,264,939 (1,310,698 ) (124,730 ) - 54,765 5,063,676 2021 4,592,060 (1,872,600 ) 3,317,343 540,671 19,068 - 27,969 6,624,511 2020 3,341,650 (1,650,000 ) 1,787,670 - - - 8,938 3,488,258 Other NEOs Average Year SCT Total Comp ($) Minus SCT Equity ($) Plus Value of New as of 12/31 ($) Plus Annual Value of Prior Year Unvested ($) Plus Change in Value of Prior Year Awards ($) Minus Value of Forfeited Prior Years Awards ($) Plus Dividends Unvested Awards/ Accrued Dividends ($) Equals CAP ($) 2022 2,965,317 (1,842,275 ) 1,825,938 (774,193 ) (151,118 ) - 34,911 2,058,580 2021 2,551,105 (1,163,075 ) 1,943,314 528,580 33,276 - 26,610 3,919,810 2020 1,855,710 (849,000 ) 800,659 100,544 50,360 (169,672 ) 10,338 1,798,939 (4) Reflects the cumulative TSR of the Company and the MSCI US REIT Index for the year ended December 31, 2020, the two years ended December 31, 2021 and the three years ended December 31, 2022, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends. (5) Amounts in thousands. | ||
Company Selected Measure Name | Core FFO | ||
Named Executive Officers, Footnote [Text Block] | For each year shown, the CEO was David P. Singelyn. For 2022 and 2021, the other NEOs were Jack Corrigan, Bryan Smith, Christopher C. Lau and Sara H. Vogt-Lowell, and for 2020, the other NEOs were Jack Corrigan, Bryan Smith, Christopher C. Lau, Sara H. Vogt-Lowell and Stephanie G. Heim. | ||
Peer Group Issuers, Footnote [Text Block] | Reflects the cumulative TSR of the Company and the MSCI US REIT Index for the year ended December 31, 2020, the two years ended December 31, 2021 and the three years ended December 31, 2022, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends. | ||
PEO Total Compensation Amount | $ 6,482,600 | $ 4,592,060 | $ 3,341,650 |
PEO Actually Paid Compensation Amount | $ 5,063,676 | 6,624,511 | 3,488,258 |
Adjustment To PEO Compensation, Footnote [Text Block] | Compensation actually paid (“CAP”) is defined by the SEC and is computed in accordance with SEC rules by subtracting the amounts in the “Stock Awards” and “Option Awards” columns of the SCT for each year from the “Total” column of the SCT and then: (i) adding the fair value as of the end of the reported year of all awards granted during the reporting year that are outstanding and unvested as of the end of the reporting year; (ii) adding the amount equal to the change as of the end of the reporting year (from the end of the prior year) in fair value (whether positive or negative) of any awards granted in any prior year that are outstanding and unvested as of the end of the reporting year; (iii) adding the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior year for which all applicable vesting conditions were satisfied at the end of or during the reporting year; (iv) subtracting for any awards granted in any prior year that are forfeited during the reporting year, the amount equal to the fair value at the end of the prior year; and (v) adding the value of any dividends (or dividend equivalents) paid in the reporting year on unvested equity awards and the value of accrued dividends (or dividend equivalents) paid on performance awards that vested in the reporting year. The following tables reflect the adjustments made to SCT total compensation to compute CAP for our CEO and average CAP for our other NEOs. CEO Year SCT Total Comp ($) Minus SCT Equity ($) Plus Value of New as of 12/31 ($) Plus Annual Value of Prior Year Awards that Unvested ($) Plus Change in Value of Prior Year Awards ($) Minus Value of Forfeited Prior Years Awards ($) Plus Dividends Unvested Awards/ Accrued Dividends ($) Equals CAP ($) 2022 6,482,600 (4,303,200 ) 4,264,939 (1,310,698 ) (124,730 ) - 54,765 5,063,676 2021 4,592,060 (1,872,600 ) 3,317,343 540,671 19,068 - 27,969 6,624,511 2020 3,341,650 (1,650,000 ) 1,787,670 - - - 8,938 3,488,258 | ||
Non-PEO NEO Average Total Compensation Amount | $ 2,965,317 | 2,551,105 | 1,855,710 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,058,580 | 3,919,810 | 1,798,939 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | Compensation actually paid (“CAP”) is defined by the SEC and is computed in accordance with SEC rules by subtracting the amounts in the “Stock Awards” and “Option Awards” columns of the SCT for each year from the “Total” column of the SCT and then: (i) adding the fair value as of the end of the reported year of all awards granted during the reporting year that are outstanding and unvested as of the end of the reporting year; (ii) adding the amount equal to the change as of the end of the reporting year (from the end of the prior year) in fair value (whether positive or negative) of any awards granted in any prior year that are outstanding and unvested as of the end of the reporting year; (iii) adding the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior year for which all applicable vesting conditions were satisfied at the end of or during the reporting year; (iv) subtracting for any awards granted in any prior year that are forfeited during the reporting year, the amount equal to the fair value at the end of the prior year; and (v) adding the value of any dividends (or dividend equivalents) paid in the reporting year on unvested equity awards and the value of accrued dividends (or dividend equivalents) paid on performance awards that vested in the reporting year. The following tables reflect the adjustments made to SCT total compensation to compute CAP for our CEO and average CAP for our other NEOs. Other NEOs Average Year SCT Total Comp ($) Minus SCT Equity ($) Plus Value of New as of 12/31 ($) Plus Annual Value of Prior Year Unvested ($) Plus Change in Value of Prior Year Awards ($) Minus Value of Forfeited Prior Years Awards ($) Plus Dividends Unvested Awards/ Accrued Dividends ($) Equals CAP ($) 2022 2,965,317 (1,842,275 ) 1,825,938 (774,193 ) (151,118 ) - 34,911 2,058,580 2021 2,551,105 (1,163,075 ) 1,943,314 528,580 33,276 - 26,610 3,919,810 2020 1,855,710 (849,000 ) 800,659 100,544 50,360 (169,672 ) 10,338 1,798,939 | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | our cumulative TSR and the cumulative TSR of the constituent companies in the MSCI US REIT Index, | ||
Compensation Actually Paid vs. Net Income [Text Block] | our GAAP net income, and (iii) our Core FFO per share (in each case as set forth in the table above). | ||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Tabular List [Table Text Block] | Financial Performance Measures. pay-for-performance non-financial Significant Financial Performance Measures Core FFO Growth Relative TSR (compared to the benchmarking peer group and constituents in the FTSE NAREIT Residential Index) | ||
Total Shareholder Return Amount | $ 119 | 169 | 115 |
Peer Group Total Shareholder Return Amount | 100 | 132 | 92 |
Net Income (Loss) | $ 310,025,000 | $ 210,559,000 | $ 154,829,000 |
Company Selected Measure Amount | 1.54 | 1.36 | 1.16 |
PEO Name | David P. Singelyn | ||
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Core FFO Growth | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Relative TSR (compared to the benchmarking peer group and constituents in the FTSE NAREIT Residential Index) | ||
PEO [Member] | Minus SCT Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (4,303,200) | $ (1,872,600) | $ (1,650,000) |
PEO [Member] | Plus Value of New Unvested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,264,939 | 3,317,343 | 1,787,670 |
PEO [Member] | Plus Change in Value of Prior Years Unvested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,310,698) | 540,671 | |
PEO [Member] | Plus Change in Value of Prior Years Vested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (124,730) | 19,068 | |
PEO [Member] | Plus Dividends on Unvested Awards/ Accrued Dividends [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 54,765 | 27,969 | 8,938 |
Non-PEO NEO [Member] | Minus SCT Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,842,275) | (1,163,075) | (849,000) |
Non-PEO NEO [Member] | Plus Value of New Unvested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,825,938 | 1,943,314 | 800,659 |
Non-PEO NEO [Member] | Plus Change in Value of Prior Years Unvested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (774,193) | 528,580 | 100,544 |
Non-PEO NEO [Member] | Plus Change in Value of Prior Years Vested Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (151,118) | 33,276 | 50,360 |
Non-PEO NEO [Member] | Minus Value of Forfeited Prior Years Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (169,672) | ||
Non-PEO NEO [Member] | Plus Dividends on Unvested Awards/ Accrued Dividends [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 34,911 | $ 26,610 | $ 10,338 |