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Reit Residential
American Residential Properties (ARPI) was a real estate investment trust (REIT) that was focused on the acquisition, investment, and management of single-family homes for rental in the United States. The company was listed on the NASDAQ stock exchange under the ticker symbol "ARPI." However, it's important to note that American Residential Properties has since merged with another company and no longer trades under the ARPI ticker.
In terms of its financial performance, American Residential Properties reported consistent revenue growth in the years leading up to its merger. The company's revenue grew from $34.6 million in 2012 to $212.4 million in 2015, representing a compound annual growth rate (CAGR) of 111.5%. This growth was driven by the company's aggressive acquisition strategy, which saw it acquire over 8,500 homes between 2012 and 2015.
In addition to revenue growth, American Residential Properties also reported strong earnings growth during this period. The company's net income grew from a loss of $4.6 million in 2012 to a profit of $14.1 million in 2015, representing a CAGR of 143.8%. This earnings growth was driven by the company's ability to generate strong revenue growth while maintaining tight control over its operating expenses.
Looking forward, it's difficult to provide specific guidance on the future performance of American Residential Properties, given that it is no longer a publicly traded company. However, it's worth noting that the single-family rental market continues to be a growing and attractive sector within the real estate industry. As such, it's possible that the company's successors or competitors could continue to generate strong revenue and earnings growth in the years ahead.