CHRISTIANSTED, Virgin Islands – CHRISTIANSTED, Virgin Islands (AP) _ Front Yard Residential Corp. (RESI) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Christiansted, Virgin Islands, said it had funds from operations of $2.5 million, or 5 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $47.9 million, or 89 cents per share.
The owner of single-family rental properties, based in Christiansted, Virgin Islands, posted revenue of $48.3 million in the period.
The company's shares have decreased 21 percent since the beginning of the year. The stock has decreased 15 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on RESI at https://www.zacks.com/ap/RESI
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