Inactive Instrument

Preferred Apartment Communities, Inc.

APTS

US74039L1035

Preferred Apartment Communities: Q3 Earnings Snapshot

November 08, 2021 at 05:48 pm EST

ATLANTA (AP) _ Preferred Apartment Communities Inc. (APTS) on Monday reported a key measure of profitability in its third quarter.

The Atlanta-based real estate investment trust said it had funds from operations of $14.9 million, or 28 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $48 million, or 92 cents per share.

The real estate investment trust posted revenue of $111 million in the period.

Preferred Apartment Communities expects full-year funds from operations in the range of $1 to $1.07 per share.

The company's shares have climbed 76% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.02, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APTS at https://www.zacks.com/ap/APTS

Latest news about Preferred Apartment Communities, Inc.

Blackstone Real Estate Income Trust, Inc. completed the acquisition of Preferred Apartment Communities, Inc..	22-06-22	CI
Preferred Apartment Communities Shareholders Approve Acquisition By Blackstone Real Estate Income Trust	22-06-17	MT
Preferred Apartment Communities, Inc.(NYSE:APTS) dropped from S&P Global BMI Index	22-06-09	CI
Preferred Apartment Communities, Inc.(NYSE:APTS) dropped from S&P TMI Index	22-06-09	CI
Preferred Apartment Communities Adjourns Special Stockholders Meeting Until June 17	22-06-07	MT
Preferred Apartment Communities, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-09	CI
Earnings Flash (APTS) PREFERRED APARTMENT COMMUNITIES Reports Q1 FFO $0.19	22-05-09	MT
Earnings Flash (APTS) PREFERRED APARTMENT COMMUNITIES Reports Q1 Revenue $104.9M	22-05-09	MT
Truist Securities Adjusts Preferred Apartment Communities' Price Target to $25 from $17, Maintains Hold Rating	22-03-23	MT
Sector Update: Financial Stocks Lower Ahead of Monday Close	22-03-21	MT
Sector Update: Financial	22-03-21	MT
Preferred Apartment Communities Says 'Go-Shop' Period in Blackstone REIT Merger Deal Expires	22-03-21	MT
Jonestrading Downgrades Preferred Apartment Communities to Hold From Buy	22-03-02	MT
Preferred Apartment Communities, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-28	CI
Earnings Flash (APTS) PREFERRED APARTMENT COMMUNITIES Reports Q4 Revenue $105.7M	22-02-28	MT
Preferred Apartment Communities, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-28	CI
Preferred Apartment Communities, Inc. acquired Lirio at Rafina, a 280 Unit Multifamily Community Located in the Orlando, Florida.	22-02-27	CI
Preferred Apartment Communities, Inc. Provides Dividend Guidance for the First Quarter of 2022	22-02-16	CI
Preferred Apartment Communities Shares Up 9% After Blackstone Buyout Offer	22-02-16	DJ
Blackstone to Buy Preferred Apartment Communities for $5.8 Billion	22-02-16	MT
Preferred Apartment Communities Confirms Blackstone Buyout Offer	22-02-16	DJ
Blackstone to buy Preferred Apartment Communities in $5.8 bln deal	22-02-16	RE
Blackstone Real Estate Income Trust, Inc. entered into a definitive agreement to acquire Preferred Apartment Communities, Inc. for $1.4 billion.	22-02-15	CI
Preferred Apartment Communities Reportedly Weighing Partial, Outright Sale Among Other Strategic Options	22-02-10	MT
Preferred Apartment Reportedly Explores Options, Including Possible Sale	22-02-10	CI

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Preferred Apartment Communities, Inc. is a real estate investment trust (REIT). The Company is primarily engaged in owning and operating Class A multifamily properties, with select investments in grocery-anchored shopping centers. It operates through four segments: Multifamily Communities, Financing, New Market Properties and Preferred Office Properties. The Multifamily Communities segment consists of the Company's portfolio of residential multifamily communities. The Financing segment consists of the Company's portfolio of real estate loans, bridge loans, and other instruments deployed by the Company to partially finance the development, construction, and pre-stabilization carrying costs of new multifamily communities and other real estate and real estate-related assets. The New Market Properties segment consists of the Company's portfolio of grocery-anchored shopping centers. The Preferred Office Properties segment consists of the Company's portfolio of office buildings.

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Residential REITs

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Residential REITs

Preferred Apartment Communities, Inc.

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APTS

US74039L1035

Residential REITs

Preferred Apartment Communities: Q3 Earnings Snapshot

Latest news about Preferred Apartment Communities, Inc.

Chart Preferred Apartment Communities, Inc.

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Sector Residential REITs