AMH

American Homes 4 Rent

Halal Rating :
Uncomfortable
Last Price $35.5
Market Cap $13.13b
1D Change

0.91 %

1 Year Change

-3.58 %

Next Earnings Date

Yet to be announced

Company Overview

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single family homes as rental properties.

Revenue Sources

Pass

Based on the company's financial statements and business model, American Homes 4 Rent's primary revenue comes from rental income from single-family homes, which is a halal source of income. Property rental and management services are permissible business activities from an Islamic perspective.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $445.06m $398.37m - $48.92m 0.00% 12.28%
June 30, 2024 $423.49m $362.83m - $38.74m 0.00% 10.68%
March 31, 2024 $423.56m $367.8m - $954,000 0.00% 0.26%
Dec. 31, 2023 $408.66m $416.74m - - 0.00% 0.00%

Looking at the last four quarters, interest expense has been significant relative to total expenses, consistently exceeding the 5% threshold. The interest expense ratios for the past four quarters have been materially high, indicating that interest plays a significant role in the company's operations.

Operational Ethics

Pass

Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.

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