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US home-rental firms trade below IPO prices

Earnings reports this month have disappointed investors as expenses remained unpredictable, prompting renewed questions about managing thousands of scattered properties
Thursday, August 20, 2015 - 05:50

Washington

WALL Street landlords bought thousands of homes and sold stock to the public before they had even filled many of the properties with renters. Now those companies are struggling to persuade investors that they can operate efficient businesses.

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