American Homes 4 Rent (AMH) Proxy filing summary

Executive summary

• Achieved high occupancy rates in the high 90s and 5.4% growth in core FFO per share for 2025, with strong resident satisfaction and a portfolio of over 61,000 homes across 30+ U.S. markets.

• Continued disciplined capital allocation, selling 1,827 homes for $570 million and repurchasing 8.4 million shares for $265 million over late 2025 and early 2026.

• Focused on expanding housing supply and choice, with over 2,300 new homes built in 2025 and a commitment to new development while maintaining investment grade ratings.

• Maintained profitability, strong cash flow, and a strategy centered on long-term value creation and shareholder returns.

Voting matters and shareholder proposals

• Shareholders will vote on electing ten trustees, ratifying Ernst & Young LLP as independent auditor for 2026, and an advisory say-on-pay vote for executive compensation.

• Board unanimously recommends voting FOR all proposals.

• Shareholders of record as of March 20, 2026, are eligible to vote; voting can be done virtually, by phone, mail, or online.

Board of directors and corporate governance

• Board consists of eleven members, with ten considered independent; average tenure is 8.3 years and average age is 65.

• Chairperson is independent; board committees include Audit, Human Capital and Compensation, and Nominating and Corporate Governance, all comprised of independent trustees.

• Board diversity includes 30% female representation; robust orientation and ongoing education for trustees.

• Annual election of trustees, majority voting, and a trustee retirement policy are in place.