ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
Company) issued a press release announcing financial results for
its quarter and year ended December 31, 2016. A copy of the press
release is attached hereto as Exhibit 99.1.
Exhibit 99.1, is furnished solely to Item 2.02 of this Form 8-K.
Consequently, it is not deemed filed for the purposes of Section
18 of the Securities Exchange Act of 1934, or otherwise subject
to the liabilities of that Section. It may only be incorporated
by reference in another filing under the Securities Exchange Act
of 1934 or Securities Act of 1933 if such subsequent filing
specifically references this Item 2.02 of this Form 8-K.
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Exhibit No.
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Description
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Exhibit 99.1
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Press Release of Altisource Residential Corporation
dated March 1, 2017 |
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About ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI)
Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. The Company operates through the segment focused on the resolution of sub-performing and non-performing mortgages, and acquisition and ownership of rental residential properties. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries. The Company has approximately 6,520 real estate owned (REO) properties, consisting of over 4,930 REO properties held for use and over 1,580 held for sale. Of approximately 4,930 REO properties held for use, over 2,120 properties are leased, over 260 are listed and ready for rent, and approximately 350 are in varying stages of renovation and unit turn status. ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI) Recent Trading Information
ALTISOURCE RESIDENTIAL CORPORATION (NYSE:RESI) closed its last trading session up +0.45 at 13.42 with 1,470,596 shares trading hands.