Edition:
United Kingdom

Front Yard Residential Corp (RESI.N)

RESI.N on New York Stock Exchange

11.46USD
8:40pm BST
Change (% chg)

$0.57 (+5.23%)
Prev Close
$10.89
Open
$10.89
Day's High
$11.52
Day's Low
$10.87
Volume
182,893
Avg. Vol
90,122
52-wk High
$13.36
52-wk Low
$9.56

Latest Key Developments (Source: Significant Developments)

Front Yard Residential On April 5, Co Acting Through Its Units, Amended & Extended Its Existing $250 Mln Loan And Security Agreement
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Front Yard Residential Corp ::ON APRIL 5, CO ACTING THROUGH ITS UNITS, AMENDED & EXTENDED ITS EXISTING $250.0 MILLION LOAN AND SECURITY AGREEMENT.AMENDED EXISTING AGREEMENT THROUGH ENTRY INTO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT ("AMENDMENT AGREEMENT").FRONT YARD SAYS UNDER TERMS EXTENDED TERMINATION DATE BY 2 YEARS TO APRIL 5, 2020, WITH ADDITIONAL 1-YR EXTENSION TO APRIL 5, 2021 - SEC FILING.UNDER TERMS, REDUCED INTEREST RATE SPREAD OVER ONE-MONTH LIBOR FROM 3.25% TO 3.00%.UNDER TERMS, RETAINED MAXIMUM AGGREGATE BORROWING AMOUNT OF $250 MILLION.  Full Article

Altisource Residential reports Q3 GAAP loss per share $0.80
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Altisource Residential Corp :Altisource Residential Corp reports third quarter 2017 results; strong progress on acquisitions, operating metrics and legacy asset dispositions.Q3 GAAP loss per share $0.80.Qtrly total revenues $23.7 million versus $4.4 million last year.Altisource Residential Corp - in the third quarter, delivered $0.15 of core FFO per share to shareholders‍​.Altisource Residential Corp - ‍estimated total financial impact of Hurricanes Harvey and Irma is $2.0 to $3.0 million in quarter​.  Full Article

Altisource Portfolio Solutions comments on agreement with Altisource Residential
Friday, 30 Sep 2016 

Altisource Portfolio Solutions : As resi stated, resi was required to retain current property manager of portfolio as condition of obtaining seller financing . Altisource portfolio solutions comments on agreement with altisource residential corporation .Agreed to provide limited waiver of exclusive right to provide property management and other services to resi related to portfolio.  Full Article

Altisource Residential announces acquisition of about 4,250 single family rental homes
Friday, 30 Sep 2016 

Altisource Residential Corp : Altisource Residential Corporation announces acquisition of approximately 4,250 single family rental homes . Deal for $652.3 million . Says assets were acquired from investment funds sponsored by Amherst Holdings, LLC . Acquired portfolio of 4,262 single family rental properties for aggregate purchase price of $652.3 million in seller financed deal . Seller financing for transaction represented 75% of purchase price and was provided pursuant to a loan agreement . Altisource Residential Corp says acquisition of properties will keep co on track to achieve its stated goal of 10,000 rental homes by end of 2016 . Residential obtained waiver of exclusivity provisions in existing master services agreement with Altisource Portfolio Solutions S.A. to complete portfolio deal .The parties agreed to certain amendments to agreement, including a contingent liquidation fee of $60 million.  Full Article

Altisource Residential Q2 loss per share $1.16
Monday, 8 Aug 2016 

Altisource Residential Corp : Altisource Residential Corporation reports second quarter 2016 results . Q2 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S . Q2 loss per share $1.16 . Qtrly rental revenues $8.6 million versus $2.1 million .Qtrly total revenues $238,000 versus $76.5 million.  Full Article