Colony Starwood Homes to Change Name to Starwood Waypoint Homes
18 Julho 2017 - 10:48PM
Business Wire
Colony Starwood Homes (NYSE:SFR) (the “Company”) announced today
that it will change its name to Starwood Waypoint Homes, effective
July 28th, 2017. As part of its name change, the Company will
update its corporate logo and change its corporate website to
www.starwoodwaypoint.com on July 28, 2017. The Company’s New York
Stock Exchange ticker symbol will remain the same.
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The new name reflects the sale in March by Colony NorthStar,
Inc. and affiliates of Colony Capital, LLC of their entire
remaining ownership stake in the Company.
About the Company
The Company is one of the largest publicly traded owners and
operators of single-family rental homes in the United States. The
Company acquires, renovates, leases, maintains and manages
single-family homes in markets that exhibit favorable demographics
and long-term economic trends, as well as strengthening demand for
rental properties.
Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws that involve
significant risks and uncertainties, which are difficult to
predict, and are not guarantees of future performance. Such
statements can generally be identified by words such as
“anticipates,” “expects,” “intends,” “will,” “could,” “believes,”
“estimates,” “continue,” and similar expressions. Forward-looking
statements are based on certain assumptions and discuss future
expectations, describe future plans and strategies and contain
financial and operating projections or state other forward-looking
information. The Company’s ability to predict results or the actual
effect of future events, actions, plans or strategies is inherently
uncertain. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, the Company’s actual results and
performance could differ materially from those set forth in, or
implied by, the forward-looking statements. Factors that could
materially and adversely affect the Company’s business, financial
condition, liquidity, results of operations and prospects, as well
as the Company’s ability to make distributions to its shareholders,
include, but are not limited to: the factors referenced in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2016; unanticipated increases in financing and other costs,
including a rise in interest rates; the availability, terms and the
Company’s ability to effectively deploy short-term and long-term
capital; the possibility that unexpected liabilities may arise from
the Company’s merger (the “Merger”) with Colony American Homes
(“CAH”), including the outcome of any legal proceedings that have
been or may be instituted against the Company, CAH or others in
connection with the Merger and the associated transactions; changes
in the Company’s business and growth strategies; the Company’s
ability to hire and retain highly skilled managerial, investment,
financial and operational personnel; volatility in the real estate
industry, interest rates and spreads, the debt or equity markets,
the economy generally or the rental home market specifically,
whether the result of market events or otherwise; events or
circumstances that undermine confidence in the financial markets or
otherwise have a broad impact on financial markets, such as the
sudden instability or collapse of large financial institutions or
other significant corporations, terrorist attacks, natural or
man-made disasters, or threatened or actual armed conflicts;
declines in the value of single-family residential homes, and
macroeconomic shifts in demand for, and competition in the supply
of, rental homes; the availability of attractive investment
opportunities in homes that satisfy the Company’s investment
objective and business and growth strategies; the Company’s ability
to convert the properties it acquires into rental homes generating
attractive returns and to effectively control the timing and costs
relating to the renovation and operation of the properties; the
Company’s ability to complete its exit from the non-performing
loans (and related real estate owned) business in the anticipated
time period on acceptable terms and to re-deploy net cash proceeds
therefrom; the Company’s ability to lease or re-lease its rental
homes to qualified residents on attractive terms or at all; the
failure of residents to pay rent when due or otherwise perform
their lease obligations; the Company’s ability to effectively
manage its portfolio of rental homes; the concentration of credit
risks to which the Company is exposed; the rates of default or
decreased recovery rates on the Company’s target assets; the
adequacy of the Company’s cash reserves and working capital;
potential conflicts of interest with Starwood Capital Group Global,
L.P., and its affiliates and managed investment activities; the
timing of cash flows, if any, from the Company’s investments; the
Company’s expected leverage; financial and operating covenants
contained in the Company’s credit facilities and securitizations
that could restrict its business and investment activities; effects
of derivative and hedging transactions; the Company’s ability to
maintain effective internal controls as required by the
Sarbanes-Oxley Act of 2002 and to comply with other public
company regulatory requirements; the Company’s ability to maintain
its exemption from registration as an investment company under the
Investment Company Act of 1940, as amended; actions and initiatives
of the U.S., state and municipal governments and changes to
governments’ policies that impact the economy generally and, more
specifically, the housing and rental markets; changes in
governmental regulations, tax laws (including changes to laws
governing the taxation of real estate investment trusts (“REITs”))
and rates, and similar matters; and limitations imposed on the
Company’s business and its ability to satisfy complex rules in
order for the Company and, if applicable, certain of its
subsidiaries to qualify as a REIT for U.S. federal income tax
purposes and the ability of certain of the Company’s subsidiaries
to qualify as taxable REIT subsidiaries for U.S. federal income tax
purposes, and the Company’s ability and the ability of its
subsidiaries to operate effectively within the limitations imposed
by these rules. You should not place undue reliance on any
forward-looking statement and should consider all of the
uncertainties and risks described above, as well as those more
fully discussed in the reports and other documents filed by the
Company with the Securities and Exchange Commission from time to
time. Except as required by law, the Company is under no duty to,
and the Company does not intend to, update any of the
forward-looking statements appearing herein, whether as a result of
new information, future events or otherwise.
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Investor RelationsColony Starwood
Homes480-800-3490ir@colonystarwood.com
Starwood Waypoint Homes (NYSE:SFR)
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