| 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 |
Business Description
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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