Preferred Apartment Communities, Inc.

Symbol: APTS
CIK: 1481832
Exchange: NYSE
Founded: 2009 (10 years)
HQ: Atlanta, GA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Office, Residential
Externally Managed REIT

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See APTS on SEC.gov

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Preferred Apartment Communities, Inc. Company Logo

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 8.4   Dividend Section Rating

Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 6.9
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.8
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.0
8.4 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.8

 7.0   Leverage Section Rating

Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
7.0 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 9.8   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
9 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
9.8 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.4   Overall REITRating™ Score


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Trading Day August 19, 2019


Open Price: $14.44
Closing Price: $14.3
Price Change: -0.02 (-0.14%)
Lowest Price: $14.28
Highest Price: $14.47

52-Week Low: $13.14
52-Week High: $18.60
52-Week Change: -20.11%

5 Day Price Change: -1.11%
1 Month Price Change: -0.42%
3 Month Price Change: -13.16%
6 Month Price Change: -10.44%
YTD Price Change: 1.99%
1 Year Price Change: -20.00%
2 Year Price Change: 1.45%
5 Year Price Change: 96.10%

Dividend of Trading Day August 19, 2019


Dividend Yield: 7.343%*
Annualized Dividend: $1.05*
Dividend Yield (TTM):
Annualized Dividend (TTM): $1.0375
Ex Dividend Date: 2019-09-12
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day August 19, 2019


Total Cash: $87,690,000
Current Debt: $180,943,000
Revenue: $403,176,000
Gross Profit: $107,469,000
Total Revenue: $403,176,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $249,971,000
Revenue Per Share: $9
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 1.47
Profit Margin: 0.11%
Enterprise Value (EV): $2,915,562,909
Enterprise Value to Revenue (EV/R): 7.23
Price to Sales (P/S): 1.59
Price to Book (P/B): 0.40
Peg Ratio: N/A
P/E Ratio: -8.89
P/E High: -11.55
P/E Low: -8.16
Forward P/E Ratio: -5.36
Market Capitalization: $648,246,699
Beta: 0.69
Latest Volume: 295,714.00
Avg. Total Volume: 278,882
Avg. 10 Volume: 249,497.50
Avg. 30 Volume: 278,881.60
TTM EPS: -1.61
TTM Dividend Rate: 1.04
Shares Outstanding: 44,457,000
Float: 43,938,097.90
50-Day Moving Avg.: 14.75
200-Day Moving Avg.: 15.33

Latest REIT Community Comments on #APTS


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Properties Owned by APTS


Properties owned:
91
Types:
4
States:
13
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
APTS Sample Property
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Dividend History


Below are the most recent cash dividends paid by APTS, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 144,559,000 125,885,000 87,690,000 86,371,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 596,129,000 568,725,000 269,946,000 262,228,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 138,418,000 131,560,000 135,961,000 112,914,000
Other Assets 25,426,000 28,470,000 29,082,000 107,126,000
Net Tangible Assets 1,514,299,000 1,444,965,000 1,358,986,000 1,290,756,000
Total Assets 4,980,518,000 4,801,914,000 4,410,958,000 4,149,982,000
Accounts Payable 0 0 0 0
Liabilities (Other) 767,106,000 725,406,000 439,767,000 430,822,000
Current Liabilities (Other) 21,425,000 20,285,000 19,258,000 18,188,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 119,237,000 144,720,000 180,943,000 63,936,000
Long-term Debt 2,310,005,000 2,232,219,000 2,180,863,000 2,142,842,000
Total Liabilities 3,196,348,000 3,102,345,000 2,801,573,000 2,637,600,000
Minority Interest -571,000 492,000 615,000 216,000
Common Stock 442,000 432,000 418,000 408,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 1,784,197,000 1,698,810,000 1,607,712,000 1,509,411,000
Shareholder Equity 1,784,658,000 1,699,260,000 1,608,146,000 1,509,834,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 114,599,000 111,506,000 107,888,000 102,453,000
Cost of Revenue 79,460,000 77,048,000 77,717,000 76,311,000
Gross Profit 35,139,000 34,458,000 30,171,000 26,142,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 84,063,000 82,190,000 81,922,000 78,311,000
Operating Income 25,986,000 24,489,000 22,551,000 18,435,000
Income Expense Net (Other) -27,663,000 -26,769,000 4,648,000 -10,081,000
EBIT 25,986,000 24,489,000 22,551,000 18,435,000
Interest Income 27,611,000 26,756,000 26,592,000 25,657,000
Pretax Income -1,677,000 -2,280,000 27,199,000 8,354,000
Income Tax 0 0 0 0
Minority Interest -571,000 492,000 615,000 216,000
Net Income -1,113,000 -2,774,000 26,581,000 8,133,000
Net Income Basic -28,655,000 -28,313,000 2,641,000 -14,227,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income -1,113,000 -2,774,000 26,581,000 8,133,000
Depreciation 43,920,000 43,853,000 42,318,000 42,589,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 18,674,000 38,195,000 1,319,000 11,086,000
Cash Flow 48,274,000 26,362,000 33,407,000 38,811,000
Capital Expenditures -12,730,000 -7,917,000 -8,095,000 -18,020,000
Investments -122,039,000 -10,029,000 -307,600,000 -215,681,000
Investing Activity (Other) -19,407,000 -16,353,000 50,065,000 -18,808,000
Total Investing Cash Flows -168,576,000 -53,939,000 -256,122,000 -254,057,000
Dividends Paid -37,982,000 -35,709,000 -33,711,000 -31,893,000
Net Borrowings 49,285,000 -28,100,000 148,894,000 155,873,000
Cash Flow Financing 138,976,000 65,772,000 224,034,000 226,332,000
Financing Cash Flows (Other) -1,623,000 -907,000 433,000 8,016,000
Exchange Rate Effect 0 0 0 0

About Preferred Apartment Communities, Inc.


Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties. As a secondary strategy, we may acquire or originate senior mortgage loans, subordinate loans or real estate loans secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest a lesser portion of our assets in other real estate related investments, including other income-producing property types, senior mortgage loans, subordinate loans or real estate loans secured by interests in other income-producing property types, membership or partnership interests in other income-producing property types as determined by our manager as appropriate for us.

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