David P. Singelyn is the CEO of American Homes 4 Rent (AMH), a company focused on real estate. He has been leading the company since it started in 2014 and has a key role in shaping its growth. In February 2024, he announced his intention to retire at the end of the year after a decade at the helm, but he will remain available for transition support until June 2025. His leadership has led AMH to achieve significant milestones, including a notable 13% increase in year-over-year growth of Core Funds From Operations (Core FFO) per share in 2022. In 2023, his total compensation was $8.1 million, which included a significant annual cash bonus based on the company's performance. Interestingly, David has historically kept his salary below market rates to align his pay with his substantial ownership stake in the company, which has helped him transition to more competitive compensation in recent years. His leadership style has emphasized performance, aligning closely with shareholder interests, and driving the company forward in the competitive single-family rental market. His journey at AMH showcases a clear focus on growth, strategic planning, and strong performance metrics, making a significant impact in the real estate sector.

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David P. Singelyn

Ex-CEO of American Homes 4 Rent

Education

B.S. in Accounting and a B.S. in Computer Information Systems from California Polytechnic University—Pomona.

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

October 1, 1962 - 62 years ago

CEO of American Homes 4 Rent for

12 years 3 months (Oct 2012 - Jan 2025)

Previous Experience

Co-founded AH LLC with Mr. Hughes in June 2011 and served as the Chief Executive Officer of American Homes 4 Rent Advisor, LLC, our former manager, until the company internalized its senior management on June 10, 2013.

Rivals

Competitors/colleagues of David P. Singelyn

Dallas B. Tanner

Founder and CEO of Invitation Homes

2023 Compensation

Stock

$6.94M

Salary

$1.00M

Bonus

$1.89M

Other

$11.39K

Total Holdings

$23.85M

Jerry A. Davis

CEO of UDR

2023 Compensation

Stock

$9.13M

Salary

$950.00K

Bonus

$0.00

Other

$199.43K

Total Holdings

$7.02M

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

D. Keith Oden

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.81M

Other

$3.00K

Total Holdings

$61.19M

Richard J. Campo

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.82M

Other

$3.00K

Total Holdings

$36.67M

Angela L. Kleiman

CEO of Essex Property Trust

2023 Compensation

Stock

$1.10M

Salary

$862.50K

Bonus

$2.17M

Other

$47.82K

Total Holdings

$7.69M

Holdings

See how much did David P. Singelyn make over time.

David P. Singelyn holds a substantial ownership stake in American Homes 4 Rent, which aligns his interests with those of shareholders. His wealth peaked when the company was growing rapidly, reflecting his strong belief in the company’s potential. Over the years, he has navigated challenges, including the impact of COVID-19, while consistently maintaining a significant number of unpledged shares. He has also utilized a pledge strategy, securing loans against some of his shares to finance early investments, allowing him to retain a substantial stake in the company. The value of his holdings has varied greatly, influenced by market conditions and company performance metrics, further illustrating his commitment to AMH’s long-term vision. As of 2023, his total holdings reflect a deep-rooted connection to the company’s success.

Total Stock Sold

$40.12M

AMH

$40.12M

1,564,734 AMH shares

What if they kept their stock?

If David P. Singelyn didn't sell their stock, today they would have:
Extra AMH1,564,734 shares worth $36.13M.
This is -9.94% and $3.99M less than what they got when they sold the stock.

Charitable Transactions

AMH

83,054 shares

AMH

Recent Charitable Transactions

AMH

40,054 shares

AMH

May 20, 2024

Charity

AMH

40,000 shares

AMH

Apr 5, 2022

Charity

AMH

3,000 shares

AMH

Nov 20, 2017

Charity

Insider Trading

See recent insider trades of David P. Singelyn.

AMH

114,091 shares

AMH

Feb 4, 2025

Received

AMH

40,054 shares

AMH

May 20, 2024

Charity

AMH

46,070 shares

AMH

Feb 21, 2024

Received

AMH

61,880 shares

AMH

Feb 20, 2024

Received

AMH

61,747 shares

AMH

Jan 3, 2024

Received

AMH

58,022 shares

AMH

Feb 7, 2023

Received

AMH

40,000 shares

AMH

Apr 5, 2022

Charity

AMH

41,036 shares

AMH

Feb 1, 2022

Received

AMH

$3.07M

AMH at $32.52/share

Mar 19, 2021

Sale

AMH

$8.31M

AMH at $32.52/share

Mar 16, 2021

Sale

Compensation History

See how much did David P. Singelyn make over time.

In 2023, David P. Singelyn's total compensation was $8.1 million, which included an unchanged base salary of $800,000 and an impressive annual cash incentive of $1.77 million tied to company performance. His compensation also included long-term equity incentives, recognizing a 25% increase from the previous year based on strong performance metrics. Singelyn's approach to compensation has been cautious, keeping it lower than peers during initial growth phases. Since 2019, there has been a shift towards more competitive pay as he successfully raised the company’s performance. His total pay remains among the lowest in relation to his peer group, emphasizing his focus on aligning with shareholder interests and the overall success of American Homes 4 Rent.

Year

2023

Total Compensation

$8.08M

Salary

$800.00K

Board Justification

The compensation philosophy aims to align executive compensation with shareholder interests, focusing on performance-based incentives and market competitiveness.

Bonus

$1.77M

Board Justification

Annual cash incentive based on performance metrics including Core FFO growth and individual goals, achieving 110.4% of target for 2023.

Other

$13.28K

Board Justification

Includes 401(k) contributions and other benefits.

Restricted Stock

$5.50M(0 RSU)

Board Justification

No stock grants vested in 2023; only stock grants that are already vested are included in this report.

Performance Metrics

Core FFO growth and individual performance goals.

Other American Homes 4 Rent CEOs

Here are other CEOs of American Homes 4 Rent

Bryan Smith

CEO of American Homes 4 Rent

January 2025 - Present