Silver Bay Realty Trust (SBY) Reports In-Line Q1 FFO

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Silver Bay Realty Trust Corp. Reports First Quarter 2016 Financial Results

May 4, 2016 4:18 PM EDT

NEW YORK--(BUSINESS WIRE)-- Silver Bay Realty Trust Corp. (NYSE: SBY) (the Company or Silver Bay) today announced its financial results for the quarter ended March 31, 2016.

Highlights

Total revenue of $31.1 million for the first quarter of 2016, an increase of 40% compared to the first quarter of 2015 Net operating income of $17.6 million for the first quarter of 2016, an increase of 48% compared to the first quarter of 2015 Same-Home net operating income increased 6% year-over-year for the first quarter of 2016 compared to the first quarter of 2015... More