Altisource Residential (RESI) Misses Q4 EPS Views; Will Acquire NPL Portfolio

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Go back to Altisource Residential (RESI) Misses Q4 EPS Views; Will Acquire NPL Portfolio

Altisource Residential Corporation Reports Fourth Quarter and Full Year 2015 Results; Announces Fourth Quarter Estimated Taxable Income of $37.8 Million or $0.68 Per Share; Declares Special Dividend

February 29, 2016 7:30 AM EST

CHRISTIANSTED, U.S. Virgin Islands, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today announced financial and operating results for the fourth quarter and full year of 2015.

Fourth Quarter 2015 Highlights

Estimated taxable income increased to $37.8 million, or $0.68 per share, from $10.4 million, or $0.18 per share in the third quarter of 2015.Rental revenue increased to $5.7 million, representing a 41% increase over the third quarter of 2015.Increased rental portfolio to 2,732 homes, including 2,118 rented properties, 264 listed and ready for rent and 350 properties under leasehold renovation and... More