Hunt Company 1H19 Results
On 29 August 2019, real estate company Hunt Companies Inc (Hunt, Company) reported half year results for the six months ended 30 June 2019. Results were sound compared to prior comparable period (pcp). Hunt recorded revenue of USD438.1m (1H18 USD359.1m), adjusted EBITDA of USD72.8m (1H18 40.5m), and recorded a lower net loss of USD13.1m, compared to a net loss USD86.7m in the pcp. The Company was buoyed by a stronger contribution from its Real Estate Investment segment, with stronger mortgage banking revenues. Further tailwinds were provided from M&A activity, namely higher earnings from a Low Income Housing Tax Credit fund acquired in 2018.