American Residential still seeing good deals

Purchased 689 single-family homes in Q1 for $109M, boosting portfolio size by 11% to 6,792 homes ... "and we still see a robust supply of high-quality homes." About 81% of homes were leased as of the end of Q1. Of homes owned six months or longer, 89% are leased, up from 86% at end of 2013.

Core FFO of $2.2M or $0.07 per share vs. break-even in Q4, and up from $800K or $0.04 one year ago.

In April, another 232 homes were purchased for about $36M, and another 197 homes were put under agreement for a total of about $32M.

CC at 11 ET

Previously: American Residential Properties FFO in-line, beats on revenues

ARPI no trades premarket

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs