Front Yard Residential Corporation (RESI) |
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Price: $9.7032
$0.04
0.457%
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Day's High:
| $9.71
| Week Perf:
| -1.29 %
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Day's Low: |
$ 9.64 |
30 Day Perf: |
7.57 % |
Volume (M): |
0 |
52 Wk High: |
$ 11.35 |
Volume (M$): |
$ 4 |
52 Wk Avg: |
$10.27 |
Open: |
$9.64 |
52 Wk Low: |
$8.96 |
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Market Capitalization (Millions $) |
570 |
Shares
Outstanding (Millions) |
59 |
Employees |
369 |
Revenues (TTM) (Millions $) |
218 |
Net Income (TTM) (Millions $) |
-105 |
Cash Flow (TTM) (Millions $) |
39 |
Capital Exp. (TTM) (Millions $) |
72 |
Front Yard Residential Corporation
Front Yard Residential Corporation is a publicly traded real estate investment trust (REIT) that specializes in owning and managing single-family residential rental properties. The company was founded in 2010 and has its headquarters in Christiansted, United States Virgin Islands. Front Yard Residential is traded on the New York Stock Exchange (NYSE) under the ticker symbol eRESIe.
The primary focus of Front Yard Residential is to provide long-term stable cash flows to its investors through the acquisition, renovation, and leasing of single-family homes. As of December 2020, the company owns and operates over 15,000 properties in 20 states across the United States. The portfolio is primarily concentrated in the southeastern and southwestern regions of the country, with a presence in large metropolitan areas such as Atlanta, Dallas, and Houston.
Front Yard Residentiales business model is to acquire distressed residential properties at a discount to their estimated market value, and then renovate these properties to increase their value and appeal to renters. The company has a team of experienced property managers, contractors, and vendors who oversee the renovation and leasing process. Front Yard Residential offers a range of amenities to its renters, including high-quality appliances, modern finishes, and spacious backyards.
In addition to its core business of owning and managing residential rental properties, Front Yard Residential also has a Home Partners of America program that offers a rent-to-own option for renters who want to eventually own their homes. The program allows renters to choose any home within Front Yard Residential's portfolio, and then provides them with the option to purchase the home at a predetermined price after a certain period of time.
Overall, Front Yard Residential Corporation is a well-established and respected REIT that offers investors a stable income stream from the ownership and management of single-family rental properties. The company has a solid track record of identifying distressed properties, renovating them to a high standard, and leasing them to renters, thereby generating long-term value for its shareholders.
Company Address: 5100 Tamarind Reef Christiansted 820
Company Phone Number: 692-0525 Stock Exchange / Ticker: NYSE RESI
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Stock Performances by Major Competitors |
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My City Builders Inc
My City Builders Inc, a company operating in the Real Estate Operations sector, reported its financial results for the period from November to January 31, 2024. The results revealed a significant increase in the loss per share compared to the previous year, with a loss of $0.42 per share as opposed to $0.09 per share in the prior year's period. Additionally, the loss grew from $0.13 per share in the previous reporting period. On the revenue front, My City Builders Inc experienced a marginal growth rate of 0.221%. The revenue for the mentioned period stood at $0.01 million, which was the same as the corresponding period a year before. Sequentially, there was no change in revenue from the previous reporting period, which stood at $0.00 million.
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Angel Oak Mortgage Reit Inc
The recent financial results of Angel Oak Mortgage REIT, Inc. paint a promising picture for the company's future. With a significant increase in revenue and net earnings in the October to December 31, 2023 financial span, the company has shown substantial improvement compared to the previous reporting period. The company's improving profit margins, with net margin and operating margin on the rise, indicate a positive trajectory for Angel Oak Mortgage REIT, Inc. Furthermore, the announcement of a quarterly cash dividend of $0.32 per share of common stock demonstrates the company's commitment to returning value to its shareholders. This dividend, payable on February 29th, 2024, reflects the company's confidence in its financial performance and future prospects.
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Tiaa Real Estate Account
The Tiaa Real Estate Account has seen mixed results in the fiscal time-frame ending December 31, 2023. While the revenue of the company increased by 9.85% to $352.40 million compared to the same period last year, the company realized a net loss of $-1,213.300 million, which is larger than the loss of $-1,084.200 million from the prior year. Despite the increase in revenue, the company reported zero gain per share, which is the same as the previous year. This could be a cause for concern for investors, as they may question the company's ability to turn revenue into profit. However, it is important to note that the Real Estate Operations industry as a whole has seen a trend of top-line contraction during the matching period, making Tiaa Real Estate Account's revenue growth noteworthy.
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Douglas Elliman Inc
/>The real estate industry has experienced significant fluctuations in recent times, particularly due to the global pandemic. However, Douglas Elliman Inc. managed to deliver positive financial results for the three months and year ended December 31, 2023. This article aims to interpret the company's financial performance and discuss its potential implications for future growth. Improved Earnings per Share and Reduced Losses: Douglas Elliman Inc. showed remarkable progress in terms of earnings per share, decreasing its loss per share from $-0.36 to $-0.03 compared to the same period a year ago. Additionally, the preceding financial reporting period showcased an improvement from $-0.06 to $-0.03 per share. This trend indicates the company's efforts towards minimizing losses and moving closer to profitability.
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Afc Gamma Inc
Investors may be closely monitoring AFC Gamma Inc after the company reported a slip into a deficit for the October to December 31, 2023 fiscal period. With a net loss of $(9.2) million or $(0.45) per basic weighted average common share, the financial performance raises concerns about the company's future prospects. Despite achieving distributable earnings of $10.0 million or $0.49 per basic weighted average common share, the overall numbers indicate a challenging period for AFC Gamma. The cannabis industry, in which AFC Gamma operates, has been marked by rapid growth and changing regulations. As a leading commercial finance firm focused on lending to cannabis businesses, AFC Gamma plays a critical role in supporting the industry. However, the evolving legal landscape and regulatory challenges have impacted the company's financial performance.
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Per Share |
Current |
Earnings (TTM) |
-1.85 $ |
Revenues (TTM) |
3.72 $
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Cash Flow (TTM) |
0.66 $ |
Cash |
1.44 $
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Book Value |
5.31 $
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Dividend (TTM) |
0.31 $ |
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Per Share |
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Earnings (TTM) |
-1.85 $
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Revenues (TTM) |
3.72 $ |
Cash Flow (TTM) |
0.66 $ |
Cash |
1.44 $
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Book Value |
5.31 $ |
Dividend (TTM) |
0.31 $ |
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