Front Yard Residential Corporation Announces Quarterly Cash Dividend
18 Septembre 2018 - 11:00PM
Front Yard Residential Corporation (“Front Yard” or the “Company”)
(NYSE:RESI) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.15 per share of
common stock. Front Yard will pay this quarterly dividend on
October 12, 2018 to all stockholders of record as of the close
of business on September 28, 2018.
About Front Yard
Front Yard is an industry leader in providing quality,
affordable rental homes to America’s families. Our homes offer
exceptional value in a variety of suburban communities which have
easy accessibility to metropolitan areas. Front Yard's tenants
enjoy the space and comfort that is unique to single-family
housing, at reasonable prices. Our mission is to provide our
tenants with houses they are proud to call home. Additional
information is available at www.frontyardresidential.com.
Forward-looking statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding management’s beliefs, estimates, projections,
anticipations and assumptions with respect to, among other things,
the Company’s financial results, future operations, business plans
and investment strategies as well as industry and market
conditions. These statements may be identified by words such as
“anticipate,” “intend,” “expect,” “may,” “could,” “should,”
“would,” “plan,” “estimate,” “seek,” “believe” and other
expressions or words of similar meaning. We caution that
forward-looking statements are qualified by the existence of
certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the
forward-looking statements. Factors that could cause the Company's
actual results to differ materially from these forward-looking
statements may include, without limitation, our ability to
implement our business strategy; our ability to make distributions
to stockholders; our ability to complete potential transactions in
accordance with anticipated terms and on a timely basis or at all;
the Company's ability to integrate newly acquired rental assets
into the portfolio; the ability to successfully and efficiently
integrate and operate the Company’s newly acquired property manager
or effectively perform the property management services at the
level and/or the cost that we anticipate; the failure to identify
unforeseen expenses or material liabilities associated with
acquisitions through the due diligence process prior to such
acquisitions; difficulties in identifying single-family properties
to acquire; the impact of changes to the supply of, value of and
the returns on single-family rental properties; the Company’s
ability to acquire single-family rental properties generating
attractive returns; the Company’s ability to sell residential
mortgage assets or non-rental real estate owned on favorable terms
or at all; the Company’s ability to predict costs; the Company’s
ability to effectively compete with competitors; changes in
interest rates; changes in the market value of single-family
properties; the Company’s ability to obtain and access financing
arrangements on favorable terms or at all; the Company’s ability to
deploy the net proceeds from financings or asset sales to acquire
target assets in a timely manner or at all; the Company's
ability to maintain adequate liquidity and meet the requirements
under its financing arrangements; the Company’s ability to retain
the exclusive engagement of Altisource Asset Management
Corporation; the failure of external property managers to
effectively perform their obligations under their agreements with
the Company; the Company's failure to qualify or maintain
qualification as a REIT; the Company’s failure to maintain its
exemption from registration under the Investment Company Act of
1940, as amended; the impact of adverse real estate, mortgage or
housing markets; the impact of adverse legislative or regulatory
tax changes and other risks and uncertainties detailed in the “Risk
Factors” and other sections described from time to time in the
Company's current and future filings with the Securities and
Exchange Commission. In addition, financial risks such as
liquidity, interest rate and credit risks could influence future
results. The foregoing list of factors should not be construed as
exhaustive.
The statements made in this press release are current as of the
date of this press release only. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements or any other information contained herein, whether as a
result of new information, future events or otherwise, except as
required by law.
FOR FURTHER INFORMATION CONTACT: Robin N. Lowe
Chief Financial Officer T: +1-345-815-9919 E:
Robin.Lowe@AltisourceAMC.com
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