Colony Starwood Homes (SFR) Tops Q1 FFO by 17c

Colony Starwood Homes (NYSE: SFR) reported Q1 Core FFO of $0.48, $0.17 better than the analyst estimate of $0.31. Revenue for the quarter came in at $151.04 million versus the consensus estimate of $148.38 million.

Guidance:

Sees FY 2017 Core FFO of $1.85-1.95.

• Core FFO/Share: $1.85 - $1.95
• Same Home Revenue Growth: 4 – 5%
• Same Home Expense Growth: 2 – 3%
• Same Home Core NOI Margin: 63 – 65%
• Same Home Occupancy: 95 – 96%
• Same Home Turnover: 34 – 36%

For earnings history and earnings-related data on Colony Starwood Homes (SFR) click here.

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