Front Yard Residential Corporation Announces Quarterly Cash Dividend
19 Mars 2019 - 10:00PM
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
April 12, 2019 to all stockholders of record as of the
close of business on March 29, 2019.
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 that 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,” “target,” “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 our 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 acquire SFR assets for our portfolio,
including difficulties in identifying assets to acquire; the impact
of changes to the supply of, value of and the returns on SFR
assets; our ability to successfully integrate newly acquired
properties into our portfolio of SFR properties; our ability to
successfully operate our internal property manager and perform
property management services for our SFR assets at the standard
and/or the cost that we anticipate; our ability to transition
property management for the SFR properties currently managed by
third party property managers to our internal property management
platform; our ability to predict our costs; our ability to
effectively compete with our competitors; our ability to apply the
proceeds from financing activities or non-rental real estate owned
asset sales to target single-family rental assets in a timely
manner; our ability to sell non-rental real estate owned properties
on favorable terms and on a timely basis or at all; the failure to
identify unforeseen expenses or material liabilities associated
with asset acquisitions through the due diligence process prior to
such acquisitions; changes in the market value of our single-family
rental properties and real estate owned; changes in interest rates;
our ability to obtain and access financing arrangements on
favorable terms or at all; our ability to maintain adequate
liquidity; our ability to retain our engagement of Altisource Asset
Management Corporation; the failure of our third party vendors to
effectively perform their obligations under their respective
agreements with us; our failure to maintain our qualification as a
REIT; our failure to maintain our exemption from registration under
the Investment Company Act; the impact of adverse real estate,
mortgage or housing markets; the impact of adverse legislative,
regulatory or tax changes; and other risks and uncertainties
detailed in the “Risk Factors” and other sections described from
time to time in our 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.
FOR FURTHER INFORMATION CONTACT:Robin N.
LoweChief Financial OfficerT: +1-345-815-9919E:
Robin.Lowe@AltisourceAMC.com
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