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Front Yard Residential reports operating update

  • Front Yard Residential (NYSE:RESI) reports August collections at 30 days were 99% of the trailing 12-month historical average.
  • July collections at 60 days and June collections at 90 days were in line with the trailing 12-month historical averages.
  • Stabilized Rental leased percentage as of August 31, 2020 continued its positive trend at 98.8%, compared with 98.7% at July 31, 2020 and 98.3% at June 30, 2020.
  • Stabilized Rental August average occupied days were 97.3%, compared to 91.8% a year ago, up from 97.2% for July 2020 and 96.1% for Q2.
  • Blended rent growth was 4.6% for August, compared to 4.7% for July and 4.1% for Q2.

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Front Yard Residential Corporation