Preferred Apartment Communities, Inc. | REIT Profile

Symbol: APTS
CIK: 1481832
Exchange: NYSE
Founded: 2009 (12 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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Overall Score: 6.4

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $13.45
Closing Price: $13.18
Price Change: -0.39 (-2.874%)
Lowest Price: $13.14
Highest Price: $13.46

52-Week Low: $6.71
52-Week High: $14.56
52-Week Change: 86.31%

5 Day Price Change: -4.44%
1 Month Price Change: 7.61%
3 Month Price Change: 13.09%
6 Month Price Change: 42.67%
YTD Price Change: 92.31%
1 Year Price Change: 80.98%
2 Year Price Change: 16.82%
5 Year Price Change: 38.99%

Dividend of Trading Day November 30, 2021


Dividend Yield: 5.311%*
Annualized Dividend: $0.7*
Dividend Yield (TTM): 5.04%
Annualized Dividend (TTM): $0.684
Ex-Dividend Date: 2021-09-14
Next Ex-Dividend: 2021-12-14
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $54,568,000
Current Debt: $110,954,000
Revenue: $466,539,000
Gross Profit: $465,957,000
Total Revenue: $466,539,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $307,705,000
Revenue Per Share: $9
Revenue Per Employee: N/A
Employee: 402
Debt to Equity Ratio (D/E): 3.44
Profit Margin: -0.33%
Enterprise Value (EV): $3,048,494,296
Enterprise Value to Revenue (EV/R): 6.53
Price to Sales (P/S): 1.54
Price to Book (P/B): 0.68
Price/Earnings-to-Growth (PEG) Ratio: -0.08
P/E Ratio: -4.29
P/E High: -5.33
P/E Low: -6.91
Forward P/E Ratio: N/A
Market Capitalization: $697,830,297
Beta: 0.83
Latest Volume: 499,187
Avg. Total Volume: 389,606
Avg. 10-Day Volume: 277,162
Avg. 30-Day Volume: 389,606
TTM EPS: -3.07
Shares Outstanding: 52,946,153
Float: N/A
50-Day Moving Avg.: $13.15
200-Day Moving Avg.: $11.43

Latest REIT Community Comments on #APTS


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Properties Owned by APTS


Properties Based on REIT's Official Presentation

Properties Types States Countries
91 4 13 1

Please visit REIT’s official webpage for the most up-to-date property list.

APTS Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $13.44 per share you would have been able to buy 74 shares of APTS on 2020-12-01 costing $994.56 @ $13.44 per share you would have been able to buy 37 shares of APTS on 2020-12-01 costing $497.28 @ $13.44 per share you would have been able to buy 18 shares of APTS on 2020-12-01 costing $241.92 @ $13.44 per share you would have been able to buy 7 shares of APTS on 2020-12-01 costing $94.08 @ $13.44 per share you would have been able to buy 3 shares of APTS on 2020-12-01 costing $40.32
Current worth On 2021-11-30 these 74 shares would be worth $975.32 @ $13.18 On 2021-11-30 these 37 shares would be worth $487.66 @ $13.18 On 2021-11-30 these 18 shares would be worth $237.24 @ $13.18 On 2021-11-30 these 7 shares would be worth $92.26 @ $13.18 On 2021-11-30 these 3 shares would be worth $39.54 @ $13.18
Dividends earned $51.80 in dividends would have been earned since 2020-12-01 with 74 shares. $26 in dividends would have been earned since 2020-12-01 with 37 shares. $12.60 in dividends would have been earned since 2020-12-01 with 18 shares. $4.90 in dividends would have been earned since 2020-12-01 with 7 shares. $2.10 in dividends would have been earned since 2020-12-01 with 37 shares.
Net (gain / loss)* 32.56 USD 16.28 USD 7.92 USD 3.08 USD 1.32 USD
ROI** 3.27% 3.27% 3.27% 3.27% 3.27%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by APTS. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
APTS 2021-09-14 0.175 --- 2021-08-09 2021-09-15 2021-10-15
APTS 2021-06-14 0.175 --- 2021-05-06 2021-06-15 2021-07-15
APTS 2021-03-12 0.175 --- 2021-03-01 2021-03-15 2021-04-15
APTS 2020-12-14 0.175 --- 2020-11-05 2020-12-15 2021-01-15
APTS 2020-09-14 0.175 --- 2020-08-06 2020-09-15 2020-10-15
APTS 2020-06-12 0.175 -33.33% 2020-05-11 2020-06-15 2020-07-15
APTS 2020-03-12 0.263 --- 2020-02-20 2020-03-13 2020-04-15
APTS 2019-12-12 0.263 --- 2019-11-07 2019-12-13 2020-01-15
APTS 2019-09-12 0.263 --- 2019-08-01 2019-09-13 2019-10-15
APTS 2019-06-13 0.263 0.96% 2019-05-02 2019-06-14 2019-07-15
APTS 2019-03-14 0.260 --- 2019-02-21 2019-03-15 2019-04-15
APTS 2018-12-13 0.260 1.96% 2018-11-01 2018-12-14 2019-01-15
APTS 2018-09-13 0.255 --- 2018-08-02 2018-09-14 2018-10-15
APTS 2018-06-14 0.255 2.00% 2018-04-30 2018-06-15 2018-07-16
APTS 2018-03-14 0.250 --- 2018-02-01 2018-03-15 2018-04-16
APTS 2017-12-14 0.250 6.38% 2017-10-23 2017-12-15 2018-01-16
APTS 2017-09-14 0.235 --- 2017-08-07 2017-09-15 2017-10-16
APTS 2017-06-13 0.235 6.82% 2017-04-17 2017-06-15 2017-07-14
APTS 2017-03-13 0.220 --- 2017-02-02 2017-03-15 2017-04-14
APTS 2016-12-13 0.220 8.64% 2016-11-03 2016-12-15 2017-01-17

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 54,568,000 37,105,000 32,322,000 28,657,000
Receivables 87,120,000 133,221,000 128,857,000 134,223,000
Inventory 0 0 0 0
Current Assets 377,321,000 493,867,000 487,169,000 570,627,000
Current Assets (Other) 0 0 0 127,852,000
Short Term Investments 0 0 0 127,852,000
Long-term Investments 3,281,714,000 3,776,332,000 3,747,799,000 3,710,452,000
Property, Plant & Equipment Net 3,190,853,000 3,642,036,000 3,605,145,000 3,633,744,000
Goodwill 0 0 0 0
Intangible Assets 67,897,000 110,656,000 118,388,000 0
Other Assets 16,863,000 17,352,000 17,803,000 22,992,000
Net Tangible Assets 994,710,000 1,239,987,000 1,269,213,000 1,439,700,000
Total Assets 3,659,035,000 4,270,199,000 4,234,968,000 4,281,079,000
Accounts Payable 0 0 0 0
Liabilities (Other) 103,404,000 116,339,000 119,268,000 0
Current Liabilities (Other) 110,954,000 110,228,000 101,187,000 226,167,000
Total Current Liabilities 110,954,000 110,228,000 101,187,000 226,167,000
Current Long-term Debt 0 0 0 0
Long-term Debt 2,384,583,000 2,693,252,000 2,627,660,000 2,616,464,000
Total Liabilities 2,596,412,000 2,919,537,000 2,847,348,000 2,841,360,000
Minority Interest -2,529,000 -282,000 -767,000 -1,271,000
Common Stock 52,455,000 50,518,000 50,033,000 49,934,000
Retained Earnings -183,562,000 -193,539,000 -195,093,000 -192,446,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,062,623,000 1,350,662,000 1,387,620,000 1,439,719,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 111,012,000 118,706,000 115,700,000 121,121,000
Cost of Revenue 265,000 -845,000 522,000 640,000
Gross Profit 110,747,000 119,551,000 115,178,000 120,481,000
Research and Development 0 0 0 0
Selling General and Admin 7,772,000 7,696,000 7,539,000 8,836,000
Operating Expense 83,883,000 89,678,000 92,022,000 97,139,000
Operating Income 27,129,000 29,028,000 23,678,000 23,982,000
Income Expense Net (Other) 0 0 0 25,109,000
EBIT 27,129,000 29,028,000 23,678,000 49,091,000
Interest Income 24,847,000 27,296,000 26,991,000 27,950,000
Pretax Income 10,025,000 1,557,000 -2,709,000 17,472,000
Income Tax 0 0 0 0
Minority Interest 48,000 3,000 -62,000 -300,000
Net Income -47,999,000 -32,567,000 -36,609,000 -38,631,000
Net Income Basic -47,999,000 -32,567,000 -36,609,000 -38,631,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -47,999,000 -32,567,000 -36,609,000 -38,631,000
Depreciation 39,639,000 44,732,000 45,827,000 201,677,000
Changes in Receivables 87,120,000 133,221,000 128,857,000 134,223,000
Changes in Inventories 0 0 0 0
Cash Change 54,568,000 37,105,000 32,322,000 28,657,000
Cash Flow 62,974,000 53,526,000 48,385,000 17,894,000
Capital Expenditures -6,179,000 -8,015,000 -10,263,000 -321,962,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 144,403,000 -64,262,000 -6,590,000 399,296,000
Dividends Paid 0 0 0 0
Net Borrowings 2,148,392,000 2,386,285,000 2,314,400,000 2,180,060,000
Cash Flow Financing -189,583,000 24,146,000 -40,137,000 -437,501,000
Financing Cash Flows (Other) 0 0 0 0
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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
6 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
4 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
6.4 Overall REITRating™ Score (See trend) 6.1

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.

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Last updated: 2021-12-01 - v2.4