Altisource Residential (RESI) Reports Q1 Loss Per Share of 82c

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Go back to Altisource Residential (RESI) Reports Q1 Loss Per Share of 82c

Altisource Residential Corporation Reports First Quarter 2016 Results; Progress Continues on Growth of Single-Family Rental Portfolio

May 9, 2016 7:30 AM EDT

CHRISTIANSTED, U.S. Virgin Islands, May 09, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today reported financial and operating results for the first quarter of 2016. Residential also announced the consummation of transactions during the first quarter that continued the Company's progress on growing its single-family rental (SFR) portfolio.

First Quarter 2016 Highlights

Generated estimated taxable income of $16.9 million, or $0.30 per share, and declared a $0.15 per share quarterly dividend.Increased rental portfolio during the quarter by 29% to 3,531 homes, including 2,720 rented properties, 265 listed and ready for... More