Altisource Residential (RESI) Reports Q2 Loss of $1.04/Share

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Go back to Altisource Residential (RESI) Reports Q2 Loss of $1.04/Share

Altisource Residential Corporation Reports Second Quarter 2017 Results; Over 10,000 Rental Homes, Legacy Asset Disposal on Track, Strong Operating Metrics

August 8, 2017 7:30 AM EDT

CHRISTIANSTED, U.S. Virgin Islands, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (RESI or the Company) (NYSE: RESI) today announced financial and operating results for the second quarter of 2017.

Second Quarter 2017 Highlights and Recent Developments

Rental portfolio increased to 10,053 homes, of which 97% are stabilized.Acquired 751 homes in the second closing under the previously announced agreement to purchase up to 3,500 rental homes with seller financing from entities sponsored by Amherst Holdings, LLC.Completed the sale of 2,104 mortgage loans to a third party, leaving 442 loans... More