August 31, 2016 7:29 PM ET

Real Estate Management and Development

Company Overview of Carrington Holding Company, LLC

Company Overview

Carrington Holding Company, LLC, through its subsidiaries, provides services in the areas of single family residential real estate transactions and investments in the United States. It engages in offering real estate and mortgage markets related asset management services; mortgage servicing and lending; and real estate services. The company also provides real estate brokerage services in the areas of buying/selling homes, retail sales, investment, rentals, distressed property sales, and short sales; and escrow, and title and settlement services. In addition, it offers property services, including property-specific customized solutions; and home solutions that include property preservation, m...

599 West Putnam Avenue

Seven Greenwich Office Park

Greenwich, CT 06830

United States

Founded in 2003

4,700 Employees

Phone:

949-517-7100

Key Executives for Carrington Holding Company, LLC

Founder and Chief Executive Officer
Chief Operating Officer
Chief Real Estate Officer
Age: 60
Chief Investment Officer and Head of Asset and Risk Management
Compensation as of Fiscal Year 2016.

Carrington Holding Company, LLC Key Developments

Carrington Holding Company, LLC Announces Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2016

Carrington Holding Company, LLC announced unaudited consolidated earnings results for the three months ended March 31, 2016. For the period, total revenues were $104,965,000 against $72,486,000 a year ago. The increase in revenue was primarily due to higher revenue from its mortgages operating division. Income from operations were $3,502,000 against loss from operations were $6,558,000 a year ago. Net income before income taxes was $5,312,000 against loss before income tax was $19,444,000 a year ago. Net income was $5,307,000 against net loss of $19,452,000 a year ago. Net cash used in operating activities was $52,845,000 against $64,035,000 a year ago. Purchases of property, furniture and equipment were $2,316,000 against $1,482,000 a year ago.

Carrington Holding Company, LLC Announces Consolidated Earnings Results for the Year Ended December 31, 2015

Carrington Holding Company, LLC announced consolidated earnings results for the year ended December 31, 2015. For the year, revenues were $336.6 million, an increase of $56.5 million, or 20%, from $280.1 million for the year ended December 31, 2014. The increase was primarily due to higher revenue from its mortgages operating division. Interest income was $11.1 million, an increase of $2.4 million, or 28%, from $8.6 million for the year ended December 31, 2014 as a result of higher mortgage loan originations. Loss from operations was $22,508,000 against $942,000 a year ago. Net income before income taxes was $41,937,000 against net loss before income taxes of $5,661,000 a year ago. Net income was $41,924,000 against net loss of $5,670,000 a year ago. Net cash used in operating activities was $109,014,000 against $6,802,000 a year ago. Purchases of property, furniture and equipment were $16,128,000 against $9,424,000 a year ago.

Carrington Holding Company, LLC Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2015

Carrington Holding Company, LLC reported unaudited consolidated earnings results for the nine months ended September 30, 2015. For the period, total revenue was $242,627,369 compared to $208,144,939 a year ago. Loss from operations was $13,402,574 compared to income of $8,881,864 a year ago. Net loss before income taxes was $1,446,257 compared to $13,001,781 a year ago. Net loss was $1,457,822 compared to $13,018,606 a year ago. Net cash provided by operating activities was $6,579,095 compared to $13,807,386 a year ago. Purchase of property, furniture and equipment was $10,802,101 compared to $7,417,310 a year ago.

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