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Reven Housing REIT (Reven Housing REIT) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2019)


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What is Reven Housing REIT Long-Term Capital Lease Obligation?

Reven Housing REIT's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.00 Mil.


Reven Housing REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reven Housing REIT's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Reven Housing REIT Long-Term Capital Lease Obligation Chart

Reven Housing REIT Annual Data
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Long-Term Capital Lease Obligation
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Reven Housing REIT Quarterly Data
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Reven Housing REIT  (NAS:RVEN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Reven Housing REIT Long-Term Capital Lease Obligation Related Terms

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Reven Housing REIT (Reven Housing REIT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
875 Prospect Street, Suite 304, La Jolla, CA, USA, 92037
Reven Housing REIT Inc is a US-based company which engaged in the acquisition, ownership, and operation of portfolios of leased single-family homes (SFRs) in the United States. It operates its portfolio properties as single-family rentals generate revenues from rental income from the existing tenants of the SFRs acquired. The company owns nearly 600 single-family homes in the Houston, Jacksonville, Memphis and Atlanta metropolitan areas. Reven operates through the single segment of business being Operation of leased single-family homes. It earns the majority of its revenue from the United States.

Reven Housing REIT (Reven Housing REIT) Headlines