Vmbook Online ordering
Reit Residential
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust (REIT) that focuses on acquiring, owning, and managing multifamily properties in the United States. Here are some key points about the company:
* Symbol: APTS
* Exchange: New York Stock Exchange (NYSE)
* Industry: Real Estate
* Sector: Real Estate Investment Trusts (REITs)
Financial Highlights:
* Market Capitalization: around $1.2 billion
* Revenue (ttm): $428.7 million
* Net Income (ttm): $58.6 million
* Earnings Per Share (EPS) (ttm): $1.34
* Dividend Yield: 6.4%
Earnings:
* Preferred Apartment Communities, Inc. has a strong track record of delivering consistent earnings growth, with an average annual growth rate of 12.4% over the past 5 years.
* The company's core FFO (funds from operations) per share grew by 11.8% year-over-year in its latest quarterly report.
* The company's net income has also been steadily increasing, with a 5-year annual growth rate of 16.5%.
Growth:
* Preferred Apartment Communities, Inc. has a growth-oriented strategy, focusing on acquisitions, development, and redevelopment of multifamily properties.
* The company aims to expand its portfolio by acquiring value-add, opportunistic, and stabilized multifamily properties in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
* Preferred Apartment Communities Inc. has a strong development pipeline, with several projects underway or planned, including a 300-unit community in Tampa, Florida, and a 448-unit community in Atlanta, Georgia.
Dividend:
* The company pays a quarterly dividend of $0.255 per share, which represents an annual dividend yield of 6.4%.
* Preferred Apartment Communities, Inc. has a history of consistently paying dividends since its IPO in 2011 and has increased its dividend payout by 27% over the past 5 years.
Management:
* The company's management team has extensive experience in the multifamily industry, with a focus on acquisitions, operations, and finance.
* Led by Chairman and CEO John A. Williams, the management team has a strong track record of delivering value to shareholders through its focused strategy and disciplined approach to acquisitions.
In summary, Preferred Apartment Communities, Inc. (NYSE: APTS) is a well-established REIT with a strong focus on acquiring, owning, and managing multifamily properties in the United States. The company has a proven track record of delivering earnings growth, a strong development pipeline, and a consistent dividend payout.