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Reit Residential

Associated Estates Realty Corp (AEC) was a real estate investment trust (REIT) in the United States that focused on the acquisition, development, and management of apartment communities. However, on October 10, 2016, Associated Estates Realty Corp was acquired by a leading real estate investment trust, Laramar Group, and is no longer publicly traded. Therefore, it is not possible to provide up-to-date information on its stock price, earnings, and growth.

Before the acquisition, Associated Estates Realty Corp had a portfolio of well-located, high-quality multifamily properties primarily in growth markets such as Seattle, Denver, and Southern California. The company was known for its strong financial performance and consistent growth in funds from operations (FFO), a key financial metric for REITs.

In its final full year of operation as a public company, Associated Estates Realty Corp reported FFO of $112.2 million, or $1.64 per share, for the year ended December 31, 2015, compared to FFO of $103.6 million, or $1.45 per share, for the year ended December 31, 2014. This represented a 9% increase in FFO and an 13% increase in FFO per share. The company's FFO per share growth was supported by strong same-property net operating income growth and accretive acquisitions.

Overall, Associated Estates Realty Corp was a financially stable and growing company in the multifamily sector of the US real estate market before its acquisition in 2016.