American Homes 4 Rent entered into a sales agreement on June 12, 2026, to replace its expiring shelf registration and "at the market" offering program. The company and its operating partnership may issue and sell Class A common shares with an aggregate offering price of up to $1.0 billion. The program involves multiple sales agents, forward sellers, and forward purchasers, including Morgan Stanley, BofA Securities, and Citigroup. The company may also utilize forward contracts to borrow and sell shares. Net proceeds are intended for debt repayment, growth strategies such as developing and renovating single-family properties, working capital, and security repurchases. American Homes 4 Rent is a real estate company that operates in the single-family rental housing industry.