Front Yard Residential Corporation Announces Quarterly Cash Dividend
08 Janvier 2020 - 10:37PM
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
January 28, 2020 to all stockholders of record as of the
close of business on January 21, 2020.
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 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 perform 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 non-core assets 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 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 our third party
vendors to effectively perform their obligations under their
respective agreements with us; 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 results of our strategic alternatives review
and risks related thereto; 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 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:Investor RelationsT:
1-704-558-3068E: InvestorRelations@AltisourceAMC.com
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