Last $26.31 USD
Change Today -0.1947 / -0.73%
Volume 122.3K
SWAY On Other Exchanges
Symbol
Exchange
New York
As of 11:39 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

starwood waypoint reside (SWAY) Snapshot

Open
$26.52
Previous Close
$26.50
Day High
$26.52
Day Low
$25.99
52 Week High
02/3/14 - $31.04
52 Week Low
07/24/14 - $25.18
Market Cap
1.0B
Average Volume 10 Days
490.4K
EPS TTM
--
Shares Outstanding
38.6M
EX-Date
09/26/14
P/E TM
--
Dividend
$0.56
Dividend Yield
--
Current Stock Chart for STARWOOD WAYPOINT RESIDE (SWAY)

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starwood waypoint reside (SWAY) Details

Starwood Waypoint Residential Trust, a real estate investment trust, acquires, renovates, leases, maintains, and manages single family homes in the United States. The company was formerly known as Starwood Residential Properties, Inc. and changed its name to Starwood Waypoint Residential Trust in December 2012. The company was founded in 2012 and is headquartered in Oakland, California.

Founded in 2012

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starwood waypoint reside (SWAY) Key Developments

Starwood Waypoint Residential Trust Announces Unaudited Financial Results for the Second Quarter and Half Year Ended June 30, 2014; Announces Impairment Charges for the Second Quarter Ended June 30, 2014; Provides Financial Guidance for the Third Quarter of 2014

Starwood Waypoint Residential Trust announced unaudited financial results for the second quarter and half year ended June 30, 2014. For the quarter, total revenues were $34,332,000 against $4,067,000 a year ago. Loss before other income, income tax expense and non-controlling interests was $14,798,000 against $6,850,000 a year ago. Loss before income tax expense and non-controlling interests was $11,683,000 against $6,272,000 a year ago. Net loss attributable to common shareholders was $12,116,000 or $0.31 per basic and diluted share against $6,308,000 or $0.16 per basic and diluted share a year ago. Funds used in operations were $4,790,000 or $0.12 per share against $5,551,000 a year ago. Core funds from operations were $2,978,000 or $0.08 per basic and diluted share against core funds used in operations of $5,261,000 or $0.13 per basic and diluted share a year ago. Net operating income (NOI) for the stabilized portfolio increased by $7.3 million or 96% to $15.0 million, for a stabilized portfolio NOI margin of 65.1%. The increase in revenue resulted from improved operating metrics within the stabilized portfolio, significant growth in the company's portfolio of homes during the quarter and gains on the company's NPL portfolio. For the half year, total revenues were $55,833,000 against $5,591,000 a year ago. Loss before other income, income tax expense and non-controlling interests was $29,836,000 against $10,170,000 a year ago. Loss before income tax expense and non-controlling interests was $26,866,000 against $9,505,000 a year ago. Net loss attributable to common shareholders was $27,424,000 or $0.70 per basic and diluted share against $9,697,000 or $0.25 per basic and diluted share a year ago. Funds used in operations were $14,635,000 against $8,289,000 a year ago. Core funds used in operations was $2,734,000 or $0.07 per basic and diluted share against $7,701,000 or $0.20 per basic and diluted share a year ago. As of June 30, 2014, estimated NAV was $31.84 per share as compared to $30.21 per share as of March 31. 2014. The company's book value was $27.97 per share as of June 30, 2014. For the quarter, impairment of real estate was $1,233,000 against $192,000 a year ago. The company expects the strong leasing velocity to further drive revenue growth in the third quarter of 2014. Enhanced revenue in addition to operating efficiencies will continue to increase core FFO as the portfolio matures.

Starwood Waypoint Residential Trust Appoints John Farias as the New Chief Accounting Officer

On August 8, 2014, Starwood Waypoint Residential Trust appointed John Farias as the new Chief Accounting Officer of the company. Mr. Farias is expected to assume his role as Chief Accounting Officer by August 8, 2014. From February 2013 to July 2014, Mr. Farias served as the Vice President, Controller-Financial Reporting of SWAY Management LLC, the company's external manager. Prior to joining the SWAY Management LLC, Mr. Farias was vice president, fund operations for Prologis Inc.

Starwood Waypoint Residential Trust Announces Dividend for the Third Quarter of 2014, Payable on October 15, 2014

Starwood Waypoint Residential Trust announced that its board of trustees declared an initial cash distribution on the company's common shares for the third quarter of 2014. The dividend is $0.14 per common share and is payable on October 15, 2014 to shareholders of record as of September 30, 2014.

 

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