Market Currents

Not long ago having no pure-plays on the single-family rental business, investors now have two....

Friday, January 18, 3:31 PM ET
Not long ago having no pure-plays on the single-family rental business, investors now have two. Spun off from Altisource Portfolio Solutions (ASPS) is Altisource Residential (RESI), +17% in a month. Spun off at the same time from Two Harbors (TWO), Silver Bay (SBY), +16% in a month. Both will presumably announce initial dividends soon.

This Market Current was sent to 432 people who get email alerts on ASPS.

Get email alerts on ASPS »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 3 comments:

Stone Fox Capital Comments (4576)

Seriously doubt that. My original analysis suggested that SBY won't be profitable for a while since it takes up to 6 months to rent out a purchased house.

18 Jan, 03:36 PM Reply Like

Russ Winter Comments (472)

The 4 or 5% cap rates on renting to poor people in depressed cities is completely inadequate. The U.S. economy has become neofeudal debt-serf wasteland with few opportunities for organic (non-Central Planning) expansion.

http://seekingalpha.co...

19 Jan, 10:43 AM Reply Like

Tack Comments (9262)

The rental plays are being spun off, now, precisely because the rental-play mania is long of tooth, already, as the rent-vs-own cost curves are crossing over, making home purchasing the cheaper option, once again. It's the age-old buy low, sell high.

19 Jan, 10:52 AM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)