Front Yard Residential

Symbol: RESI
Exchange: NYSE
Founded: 2012 (7 years)
HQ: Christiansted, Virgin Islands, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Internally Managed REIT

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Overall Score: 5.2

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 8, 2019


Open Price: $11.24
Closing Price: $11.18
Price Change: -0.05 (-0.445%)
Lowest Price: $11.06
Highest Price: $11.26

52-Week Low: $7.99
52-Week High: $12.68
52-Week Change: 31.84%

5 Day Price Change: -6.42%
1 Month Price Change: -4.26%
3 Month Price Change: -3.61%
6 Month Price Change: 1.35%
YTD Price Change: 29.83%
1 Year Price Change: 32.43%
2 Year Price Change: 5.55%
5 Year Price Change: -46.01%

Dividend of Trading Day November 8, 2019


Dividend Yield: 5.367%*
Annualized Dividend: $0.6*
Dividend Yield (TTM): 5.367%
Annualized Dividend (TTM): $0.6
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day November 8, 2019


Total Cash: $81,160,000
Current Debt: $193,654,000
Revenue: $182,493,000
Gross Profit: $8,092,000
Total Revenue: $182,493,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $71,276,000
Revenue Per Share: $3
Revenue Per Employee: $1,303,521
Employee: 140
Debt to Equity Ratio (D/E): 3.65
Profit Margin: -0.72%
Enterprise Value (EV): $2,242,833,680
Enterprise Value to Revenue (EV/R): 12.29
Price to Sales (P/S): 3.30
Price to Book (P/B): 1.28
Peg Ratio: -0.22
P/E Ratio: -5.26
P/E High: -5.93
P/E Low: -3.73
Forward P/E Ratio: -6.32
Market Capitalization: $601,774,680
Beta: 0.64
Latest Volume: 128,525.00
Avg. Total Volume: 214,584
Avg. 10 Volume: 327,243.10
Avg. 30 Volume: 214,583.93
TTM EPS: -2.12
TTM Dividend Rate: 0.60
Shares Outstanding: 53,826,000
Float: 48,799,189.86
50-Day Moving Avg.: 11.66
200-Day Moving Avg.: 11.19

Latest REIT Community Comments on #RESI


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Properties Owned by RESI


Properties owned:
11954
Types:
1
States:
24
Countries:
1
Please visit this REIT’s official webpage to learn more.

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by RESI, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 81,119,000 81,390,000 81,972,000 81,160,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,812,000 3,276,000 6,758,000 0
Property, Plant & Equipment Net 1,100,000 1,200,000 1,200,000 0
Goodwill 13,376,000 13,376,000 13,376,000 13,376,000
Intangible Assets 0 0 0 0
Other Assets 62,137,000 60,816,000 75,313,000 189,966,000
Net Tangible Assets 348,490,000 391,868,000 425,943,000 458,016,000
Total Assets 2,076,749,000 2,102,107,000 2,141,259,000 2,270,251,000
Accounts Payable 0 0 0 0
Liabilities (Other) 94,570,000 69,697,000 68,767,000 76,640,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 289,394,000 297,311,000 276,565,000 193,654,000
Long-term Debt 1,330,764,000 1,329,562,000 1,356,194,000 1,528,565,000
Total Liabilities 1,714,883,000 1,696,863,000 1,701,940,000 1,798,859,000
Minority Interest 0 0 0 0
Common Stock 53,880,544 538,000 536,000 536,000
Retained Earnings -805,104,000 -760,468,000 -727,193,000 -700,623,000
Treasury Stock 0 0 0 0
Capital Surplus 1,187,973,000 1,186,683,000 1,185,251,000 1,184,132,000
Shareholder Equity 361,866,000 405,244,000 439,319,000 471,392,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 47,667,000 50,509,000 51,600,000 54,647,000
Cost of Revenue 48,454,000 46,192,000 48,459,000 48,404,000
Gross Profit -787,000 4,317,000 3,141,000 6,243,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 55,430,000 55,995,000 55,344,000 54,732,000
Operating Income -7,827,000 -5,173,000 -10,872,000 -85,000
Income Expense Net (Other) -28,541,000 -19,838,000 -7,628,000 -34,091,000
EBIT -7,827,000 -5,173,000 -10,872,000 -85,000
Interest Income 19,705,000 19,917,000 20,523,000 24,492,000
Pretax Income -36,368,000 -25,011,000 -18,500,000 -34,176,000
Income Tax 0 6,000 8,000 40,000
Minority Interest 0 0 0 0
Net Income -36,368,000 -25,017,000 -18,508,000 -34,216,000
Net Income Basic -36,368,000 -25,017,000 -18,508,000 -34,216,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -36,368,000 -25,017,000 -18,508,000 -34,216,000
Depreciation 19,662,000 19,936,000 22,385,000 21,910,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -271,000 -582,000 812,000 -34,226,000
Cash Flow 3,098,000 -1,077,000 -8,401,000 -33,685,000
Capital Expenditures -7,797,000 -7,092,000 -6,615,000 -7,331,000
Investments 21,275,000 23,983,000 113,075,000 19,186,000
Investing Activity (Other) -43,000 -3,000 -26,000 524,000
Total Investing Cash Flows 12,941,000 18,199,000 108,501,000 1,258,000
Dividends Paid -8,207,000 -8,192,000 -8,045,000 -8,042,000
Net Borrowings -7,937,000 -9,135,000 -91,243,000 29,108,000
Cash Flow Financing -16,310,000 -17,704,000 -99,288,000 -1,799,000
Financing Cash Flows (Other) -167,000 -514,000 0 -22,865,000
Exchange Rate Effect 0 0 0 0

About Front Yard Residential


Front Yard Residential (NYSE: RESI) is an industry leader in providing high quality and affordable single-family housing in welcoming neighborhoods across America. Our homes offer exceptional value in a variety of suburban communities which have easy accessibility to metropolitan areas. We are committed to providing an unparalleled experience to our residents in our well-maintained and reasonably priced homes. Our property managers provide a nationwide network that responds to the needs of our tenants in a prompt and efficient manner. Front Yard’s tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices. Our mission is to provide our tenants with houses they are proud to call home. That’s how we measure our success.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.3
0 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
0 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
4 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
5.2 Overall REITRating™ Score 6.7

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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