XML 71 R58.htm IDEA: XBRL DOCUMENT v3.23.1
Debt - Schedule of Debt (Details) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Debt Instrument [Line Items]      
Total debt $ 4,444,863,000   $ 4,581,628,000
Unamortized discounts on unsecured senior notes (35,320,000)   (36,099,000)
Deferred financing costs, net (27,798,000)   (29,531,000)
Total debt per balance sheet 4,381,745,000   4,515,998,000
Amortization of financing costs 3,043,000 $ 2,453,000  
Asset-backed securitizations, unsecured senior notes and term loan facility      
Debt Instrument [Line Items]      
Amortization of financing costs 1,700,000 $ 1,600,000  
Secured Debt      
Debt Instrument [Line Items]      
Total debt $ 1,894,863,000   1,901,628,000
Secured Debt | AMH 2014-SFR2 securitization      
Debt Instrument [Line Items]      
Interest rate 4.42%    
Total debt $ 465,963,000   468,138,000
Secured Debt | AMH 2014-SFR3 securitization      
Debt Instrument [Line Items]      
Interest rate 4.40%    
Total debt $ 481,518,000   482,964,000
Secured Debt | AMH 2015-SFR1 securitization      
Debt Instrument [Line Items]      
Interest rate 4.14%    
Total debt $ 507,148,000   508,672,000
Secured Debt | AMH 2015-SFR2 securitization      
Debt Instrument [Line Items]      
Interest rate 4.36%    
Total debt $ 440,234,000   441,854,000
Senior Notes | 2028 unsecured senior notes      
Debt Instrument [Line Items]      
Interest rate 4.25%    
Effective interest rate 4.08%    
Total debt $ 500,000,000   500,000,000
Senior Notes | 2029 unsecured senior notes      
Debt Instrument [Line Items]      
Interest rate 4.90%    
Total debt $ 400,000,000   400,000,000
Senior Notes | 2031 unsecured senior notes, net      
Debt Instrument [Line Items]      
Interest rate 2.38%    
Effective interest rate 2.46%    
Total debt $ 450,000,000   450,000,000
Senior Notes | 2032 unsecured senior notes      
Debt Instrument [Line Items]      
Interest rate 3.63%    
Total debt $ 600,000,000   600,000,000
Senior Notes | 2051 unsecured senior notes      
Debt Instrument [Line Items]      
Interest rate 3.38%    
Total debt $ 300,000,000   300,000,000
Senior Notes | 2052 unsecured senior notes, net      
Debt Instrument [Line Items]      
Interest rate 4.30%    
Total debt $ 300,000,000   300,000,000
Line of Credit | Revolving Credit Facility      
Debt Instrument [Line Items]      
Interest rate 5.76%    
Total debt $ 0   130,000,000
Maximum borrowing capacity 1,250,000,000    
Outstanding letters of credit $ 4,000,000   $ 4,000,000
Line of Credit | Revolving Credit Facility | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.90%