Colony Starwood Homes (SFR) Tops Q1 FFO by 8c
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Colony Capital Announces First Quarter 2016 Financial Results
May 9, 2016 8:30 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Colony Capital, Inc. (NYSE: CLNY) and subsidiaries (collectively, the Company) today announced financial results for the first quarter ended March 31, 2016 and declared a dividend of $0.40 per share of Class A and Class B common stock for the second quarter of 2016.
First Quarter 2016 Highlights
Core funds from operations (Core FFO) of $56.0 million, or $0.41 per basic share; Funds from operations (FFO) of $36.7 million, or $0.27 per basic share. Declared and paid a first quarter dividend of $0.40 per share of Class A and Class B... MoreColony Starwood Homes Announces First Quarter 2016 Financial and Operating Results
May 9, 2016 6:30 AM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Colony Starwood Homes (NYSE: SFR) (the Company), a leading single-family rental real estate investment trust (REIT), today announced operating and financial results for the three months ended March 31, 2016.
First Quarter 2016 Highlights
Same Store portfolio of 22,806 homes produced revenue growth of 6.1%, expense reduction of (0.6%) and Core NOI growth of 10.5% Same Store portfolio achieved a Core NOI margin of 65.5% Total Homes Occupancy reached 95.0% as of March 31, 2016 Completed Merger integration and achieved approximately 85% of the estimated... More