Preferred Apartment Communities, Inc. reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported sales was USD 95.91 million compared to USD 107.54 million a year ago. Revenue was USD 105.72 million compared to USD 120.87 million a year ago.

Net income was USD 11.56 million compared to USD 17.77 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.77 a year ago.