Silver Bay Realty Trust (SBY) Tops Q2 EPS by 1c
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Silver Bay Realty Trust Corp. Reports Second Quarter 2016 Financial Results
August 3, 2016 4:18 PM EDTNEW YORK--(BUSINESS WIRE)-- Silver Bay Realty Trust Corp. (NYSE: SBY) (the Company or Silver Bay), a single-family rental real estate investment trust ("REIT"), today announced its operating and financial results for the quarter ended June 30, 2016.
Highlights
Total revenue of $31.5 million for the second quarter of 2016, an increase of 4%, notwithstanding a decrease of 350 properties in the aggregate portfolio, compared to the second quarter of 2015 Aggregate occupancy rate increased to 97.6% on portfolio of 8,911 single-family properties Achieved rental increases of 8.1% on re-leases and 3.4% on... More