Altisource Residential (RESI) Misses Q4 EPS by 63c

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Go back to Altisource Residential (RESI) Misses Q4 EPS by 63c

Altisource Residential Corporation Reports Fourth Quarter and Full Year 2016 Results; Continues to Meet Growth, Operating and Disposition Objectives

March 1, 2017 7:30 AM EST

CHRISTIANSTED, U.S. Virgin Islands, March 01, 2017 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (RESI or the Company) (NYSE: RESI) today announced financial and operating results for the fourth quarter and full year of 2016.

Fourth Quarter 2016 Highlights and Recent Developments

Executed a non-binding letter of intent to purchase up to 3,500 rental homes with seller financing from two entities sponsored by Amherst Holdings, LLC, with the first closing expected to occur in the first quarter of 2017.1Successfully integrated the recently purchased portfolio of 4,262 rental properties into RESIs growing single-family... More