Silver Bay Realty Trust (SBY) Tops Q2 EPS by 1c

Silver Bay Realty Trust (NYSE: SBY) reported Q2 core EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $31.5 million versus the consensus estimate of $31.47 million.

"A robust rental environment and our continued focus on operational execution drove record revenue and cash flow generation this quarter, including a 12% year-over-year increase in net operating income in our Same-Home portfolio," said Thomas W. Brock, Silver Bay’s Chief Executive Officer. "As we continue to refine our processes and reallocate capital, we see room for additional opportunities for meaningful improvements in cash flow generation in the coming quarters."

For earnings history and earnings-related data on Silver Bay Realty Trust (SBY) click here.

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