Altisource Residential (RESI) Reports Q2 Loss of $1.16/Share
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Altisource Residential Corporation Reports Second Quarter 2016 Results
August 8, 2016 7:30 AM EDTCHRISTIANSTED, U.S. Virgin Islands, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) 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 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.Stabilized rentals grew to 3,112 properties with 97% leased.Completed the sale of 895 non-performing loans (NPLs) in June 2016 with an unpaid principal... More