Altisource Residential Corporation

Altisource Residential Corporation is engaged in the acquisition and ownership of single-family rental assets. Our primary sourcing strategy to acquire these assets includes purchase of sub-performing and non-performing mortgages as well as single-family homes at or following the foreclosure sale (“REO” or “REO Properties”). We intend to pursue opportunities to acquire our single-family rental assets throughout the United States as long as such assets meet our desired property characteristics and provide acceptable long term returns. The Company is managed by Altisource Asset Management Corporation (“AAMC”), which has a management team with extensive industry experience in real estate, non-performing loan portfolios and mortgage loan servicing.

TypePublic
HQChristiansted, VI
Founded2009
Websitealtisourceresi.com
Altisource Residential Corporation was founded in 2009 and is headquartered in Christiansted, VI
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Key People/Management at Altisource Residential Corporation

George Ellison

George Ellison

CEO
Robin Lowe

Robin Lowe

CFO
Stephen Gray

Stephen Gray

Chief Administrative Officer and Senior Counsel
Michael Lubin

Michael Lubin

General Counsel and Secretary
Rene Dittrich

Rene Dittrich

Chief Accounting Officer
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Altisource Residential Corporation Office Locations

Altisource Residential Corporation has an office in Christiansted
Christiansted, (HQ)
36 Strand St
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Altisource Residential Corporation Financials and Metrics

Altisource Residential Corporation Revenue

Altisource Residential Corporation's revenue was reported to be $94.17 m in FY, 2017
USD

Revenue (Q2, 2018)

80.7m

Net income (Q2, 2018)

(48.7m)

EBIT (Q2, 2018)

(48.2m)

Market capitalization (12-Dec-2018)

522.4m

Closing stock price (12-Dec-2018)

9.7

Cash (30-Jun-2018)

111.6m
Altisource Residential Corporation's current market capitalization is $522.4 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

248.1m56.8m94.2m

General and administrative expense

4.4m9.5m10.6m11.0m

Operating expense total

32.7m297.6m283.9m276.9m

EBIT

(182.8m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Revenue

109.1m76.5m58.5m40.1m238.0k4.4m29.3m39.8m80.7m

Sales and marketing expense

5.1m4.7m

General and administrative expense

1.4m5.7m1.8m1.6m3.1m3.0m3.6m2.5m2.3m2.7m5.2m

Operating expense total

32.3m50.4m71.4m63.4m65.4m85.6m63.0m62.1m78.7m66.1m128.8m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

116.0m116.7m106.3m113.7m

Accounts Receivable

1.4m45.9m34.9m19.6m

Total Assets

1.4b2.5b2.3b2.0b

Accounts Payable

5.0m32.4m51.4m55.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Cash

48.0m130.8m76.0m70.5m83.9m124.6m228.3m56.9m61.7m115.1m111.6m

Accounts Receivable

631.0k874.0k46.0m35.5m61.0m47.4m27.8m31.7m21.9m16.2m

Total Assets

2.0b2.6b2.8b2.7b2.7b2.1b2.0b2.3b2.2b1.9b1.9b

Accounts Payable

5.8m7.5m14.6m54.2m63.9m39.2m42.3m52.1m54.2m54.5m59.2m
Annual
USDFY, 2013FY, 2015

Net Income

39.6m(46.0m)

Accounts Payable

3.2m16.6m

Cash From Operating Activities

(22.6m)(217.7m)

Cash From Investing Activities

(1.2b)482.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

109.7m147.4m25.5m20.2m(45.7m)(109.2m)(27.3m)(48.7m)

Depreciation and Amortization

38.0m

Accounts Payable

633.0k1.1m2.1m7.0m15.6m4.5m7.8m19.0m1.0m(1.6m)3.8m

Cash From Operating Activities

(23.6m)(44.5m)(88.9m)(119.6m)(163.1m)(42.9m)(64.6m)(86.9m)(20.6m)(4.5m)3.5m
USDY, 2018

Financial Leverage

3.2 x
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Altisource Residential Corporation Company Life and Culture

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Altisource Residential Corporation Frequently Asked Questions

  • When was Altisource Residential Corporation founded?

    Altisource Residential Corporation was founded in 2009.

  • Who are Altisource Residential Corporation key executives?

    Altisource Residential Corporation's key executives are George Ellison, Robin Lowe and Stephen Gray.

  • What is Altisource Residential Corporation revenue?

    Latest Altisource Residential Corporation annual revenue is $94.2 m.

  • Who are Altisource Residential Corporation competitors?

    Competitors of Altisource Residential Corporation include Ascendas-Singbridge, GPT Group and Urban Edge Properties.

  • Where is Altisource Residential Corporation headquarters?

    Altisource Residential Corporation headquarters is located at 36 Strand St, Christiansted.

  • Where are Altisource Residential Corporation offices?

    Altisource Residential Corporation has an office in Christiansted.

  • How many offices does Altisource Residential Corporation have?

    Altisource Residential Corporation has 1 office.