Altisource Asset Management (AAMC) Reports Q2 Loss of $0.23
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Altisource Asset Management Corporation Reports Second Quarter 2016 Results
August 8, 2016 7:30 AM EDTCHRISTIANSTED, U.S. Virgin Islands, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (AAMC or the Company) (NYSE MKT: AAMC) today reported financial and operating results for the second quarter of 2016.
Recent Developments and Second Quarter 2016 Highlights
Increased single-family rental (SFR) portfolio of Altisource Residential Corporation (Residential) during the quarter by 13% over the prior quarter to 3,977 homes, including 3,010 rented properties, 273 listed and ready for rent and 694 properties under leasehold renovation and unit turn.Grew Residential's stabilized rentals to 3,112 properties with 97% leased.Facilitated Residentials completed sale of 895... More