Inactive Instrument

Preferred Apartment Communities, Inc.

APTS

US74039L1035

Preferred Apartment Communities, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021

November 08, 2021 at 04:34 pm EST

Preferred Apartment Communities, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 99.05 million compared to USD 114.83 million a year ago. Revenue was USD 111.01 million compared to USD 126.45 million a year ago. Net income was USD 9.98 million compared to net loss of USD 3.49 million a year ago. Basic loss per share from continuing operations was USD 0.92 compared to USD 0.79 a year ago. Diluted loss per share from continuing operations was USD 0.92 compared to USD 0.79 a year ago. For the nine months, sales was USD 308.67 million compared to USD 338.27 million a year ago. Revenue was USD 345.42 million compared to USD 380.31 million a year ago. Net income was USD 8.88 million compared to net loss of USD 195.56 million a year ago. Basic loss per share from continuing operations was USD 2.3 compared to USD 6.21 a year ago. Diluted loss per share from continuing operations was USD 2.3 compared to USD 6.21 a year ago.

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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Company Profile

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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