AvalonBay Communities
-1.31 %
4.2 %
Yet to be announced
Company Overview
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas.
Revenue Sources
PassBased on the financial data and SEC filings, AvalonBay Communities generates its revenue primarily from apartment rentals and related services. The company's core business model of apartment leasing and management is halal compliant. There are no significant revenues from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $737.01m | $573.6m | - | $58.98m | 0.00% | 10.28% |
| Sept. 30, 2024 | $732.59m | $563.13m | - | $55.77m | 0.00% | 9.90% |
| June 30, 2024 | $724.21m | $544.06m | - | $57.08m | 0.00% | 10.49% |
| March 31, 2024 | $712.86m | $546.0m | - | $54.77m | 0.00% | 10.03% |
Interest expense ratios for the past four quarters relative to total expenses: Q3 2024: 9.9%, Q2 2024: 10.5%, Q1 2024: 10.0%, Q4 2023: 9.0%. The company's interest expenses consistently exceed 5% of total expenses, which is material to their operations. This is typical for REITs due to their business model requiring significant property financing, but it exceeds our threshold for halal compliance.
Operational Ethics
PassBased 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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