Colony Starwood Homes (SFR) Tops Q3 FFO by 3c; Boosts FY16 FFO Outlook
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Colony Capital Announces Third Quarter 2016 Financial Results
November 7, 2016 7:09 AM ESTLOS ANGELES--(BUSINESS WIRE)-- Colony Capital, Inc. (NYSE: CLNY) and subsidiaries (collectively, the Company) today announced financial results for the third quarter ended September 30, 2016 and declared a dividend of $0.40 per share of Class A and Class B common stock for the fourth quarter of 2016.
Third Quarter 2016 Highlights
Net income attributable to common stockholders of $22.9 million, or $0.20 per basic share. Core funds from operations (Core FFO) of $70.0 million, or $0.52 per basic share; Funds from operations (FFO) of $47.0 million, or $0.35 per basic share.... MoreColony Starwood Homes Announces Third Quarter 2016 Financial and Operating Results
November 7, 2016 6:30 AM ESTSCOTTSDALE, 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 and nine months ended September 30, 2016. Capitalized terms used herein have the meanings ascribed thereto in the Appendix.
Third Quarter 2016 Highlights
Total revenues increased to $146.1 million in Q3 2016, driven by Quarterly Same Store revenue growth of 6.5% and Quarterly Same Store Blended Rent Growth of 5.2% Q3 occupancy was 95.4% for the Quarterly Same Store cohort of 26,592 homes... More