Steadfast Income REIT, Inc. (SFR) saw its loss widen to $25.58 million, or $0.34 a share for the year ended Dec. 31, 2016. In the previous year period, the company reported a loss of $13.02 million, or $0.18 a share. Revenue during the year grew 4.23 percent to $218.24 million from $209.39 million in the previous year.
Cost of revenue rose 5.13 percent or $4.60 million during the year to $94.34 million. Gross margin for the year contracted 37 basis points over the previous year to 56.77 percent.
Operating margin for the year contracted 336 basis points over the previous year to 9.12 percent.
Revenue from real estate activities during the year increased 4.23 percent or $8.85 million to $218.24 million.
Income from operating leases during the year rose 3.13 percent or $5.82 million to $192.09 million. Revenue from tenant reimbursements was $26.15 million for the year, up 13.07 percent or $3.02 million from year-ago period.
Receivables increase substantiallyNet receivables were almost stable over the past one year at $2.75 million on Dec. 31, 2016. Investments stood at $30.08 million as on Dec. 31, 2016.
Total assets stood at $1,592.93million as on Dec. 31, 2016. On the other hand, total liabilities were at $1,272.51 million as on Dec. 31, 2016.
Return on assets was at 0.94 percent in the year. Return on equity was negative at 7.98 percent in the year.
Debt moves upTotal debt was at $1,217.72 million as on Dec. 31, 2016, up 9.14 percent or $101.96 million from year-ago. Shareholders equity was at $320.43 million as on Dec. 31, 2016. Meanwhile, debt to equity ratio was at 3.80 percent in the year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
