Acquired by Blackstone Real Estate Income Trust in June 2022
APTS - Preferred Apartment Communities, Inc.
NYSE
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Real Estate
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REIT—Residential
Atlanta,
United States
Type: Equity
APTS price evolution
APTS
| (in millions $) | 31 Mar 2022 | 31 Dec 2021 | 30 Sep 2021 | 30 Jun 2021 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $150.69 | $62.88 | $108.58 | $90.78 |
| Short term investments | ||||
| Net receivables | $90.9 | $67.34 | $62.35 | $98.05 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $3192.54 | $3128.64 | $3190.85 | $3642.04 |
| Goodwill & intangible assets | $55.43 | $59.62 | $67.9 | $110.66 |
| Total noncurrent assets | ||||
| Total investments | $216.16 | $211.42 | $196.74 | $288.14 |
| Total assets | $3740.27 | $3563.37 | $3659.03 | $4270.2 |
| Current liabilities | ||||
| Accounts payable | $56.55 | $56.43 | $71.18 | $68.03 |
| Deferred revenue | $34.61 | $35.52 | $33.14 | $34.13 |
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | $2388.77 | $2343.36 | $2384.58 | $56.5 |
| Total noncurrent liabilities | ||||
| Total debt | $2388.77 | $2343.36 | $2384.58 | $2693.25 |
| Total liabilities | $2585.65 | $2541.33 | $2598.94 | $2919.82 |
| Shareholders' equity | ||||
| Retained earnings | -$179.81 | -$172 | -$183.56 | -$193.54 |
| Other shareholder equity | -$2.51 | -$0.26 | ||
| Total shareholder equity | $1154.12 | $1024.32 | $1062.62 | $1350.66 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $62.88 | $75.72 | $137.25 | $87.69 |
| Short term investments | ||||
| Net receivables | $67.34 | $100.82 | $65.33 | $82.75 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $3128.64 | $3633.74 | $3972.98 | $3400.67 |
| Goodwill & intangible assets | $59.62 | $127.14 | $154.8 | $135.96 |
| Total noncurrent assets | ||||
| Total investments | $211.42 | $297.43 | $391.4 | $651.46 |
| Total assets | $3563.37 | $4281.08 | $4770.56 | $4410.96 |
| Current liabilities | ||||
| Accounts payable | $56.43 | $62.05 | $65.71 | $57.88 |
| Deferred revenue | $35.52 | $36.01 | $39.72 | $43.48 |
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | $2343.36 | $22 | $2636.5 | $62.18 |
| Total noncurrent liabilities | ||||
| Total debt | $2343.36 | $2616.46 | $2636.51 | $2356.63 |
| Total liabilities | $2541.33 | $2842.63 | $2836.44 | $2801.57 |
| Shareholders' equity | ||||
| Retained earnings | -$172 | -$192.45 | -$7.24 | |
| Other shareholder equity | -$1.25 | $2.84 | $1.25 | |
| Total shareholder equity | $1024.32 | $1439.72 | $1931.3 | $1608.15 |
| (in millions $) | 31 Mar 2022 | 31 Dec 2021 | 30 Sep 2021 | 30 Jun 2021 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $104.88 | $105.72 | $111.01 | $118.71 |
| Cost of revenue | $20.31 | $21.19 | $20.64 | $21.42 |
| Gross Profit | $84.57 | $84.53 | $90.37 | $97.28 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $9.06 | $7.11 | $8.59 | $8.62 |
| Total operating expenses | $68.78 | $40.74 | $63.24 | $68.26 |
| Operating income | $15.79 | $43.79 | $27.13 | $29.03 |
| Income from continuing operations | ||||
| EBIT | $15.35 | $34.84 | $34.82 | $28.85 |
| Income tax expense | ||||
| Interest expense | $23.16 | $23.28 | $24.85 | $27.3 |
| Net income | ||||
| Net income | -$7.81 | $11.56 | $9.98 | $1.55 |
| Income (for common shares) | -$34.98 | -$16.31 | -$48 | -$32.57 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $451.14 | $502.2 | $470.43 | $397.27 |
| Cost of revenue | $84.43 | $96.62 | $137.88 | $115.55 |
| Gross Profit | $366.71 | $405.58 | $332.54 | $281.72 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $32.43 | $34.42 | $45.2 | $37.98 |
| Total operating expenses | $243.09 | $462.15 | $232.31 | $211.65 |
| Operating income | $123.62 | -$56.57 | $100.24 | $70.08 |
| Income from continuing operations | ||||
| EBIT | $122.86 | -$59.23 | $104.72 | $139.03 |
| Income tax expense | ||||
| Interest expense | $102.41 | $118.56 | $111.96 | $95.56 |
| Net income | ||||
| Net income | $20.45 | -$177.79 | -$7.24 | $43.47 |
| Income (for common shares) | -$133.49 | -$338.9 | -$121.03 | -$43.29 |
| (in millions $) | 31 Mar 2022 | 31 Dec 2021 | 30 Sep 2021 | 30 Jun 2021 |
|---|---|---|---|---|
| Net income | -$7.81 | $11.56 | $9.98 | $1.55 |
| Operating activities | ||||
| Depreciation | $38.16 | $38.99 | $39.64 | $44.73 |
| Business acquisitions & disposals | $1.56 | -$1.27 | ||
| Stock-based compensation | $1.63 | $1.63 | $1.48 | $1.58 |
| Total cash flows from operations | $28.23 | $17.16 | $62.97 | $53.53 |
| Investing activities | ||||
| Capital expenditures | -$98.06 | $15.29 | $50.64 | -$74.53 |
| Investments | -$13.61 | -$14.8 | $92.2 | $11.54 |
| Total cash flows from investing | -$111.66 | $0.48 | $144.4 | -$64.26 |
| Financing activities | ||||
| Dividends paid | -$9.38 | -$9.37 | -$9.18 | -$8.91 |
| Sale and purchase of stock | $179.21 | $0.6 | -$55.61 | $49.05 |
| Net borrowings | $44.24 | -$13.4 | $113.93 | $64.41 |
| Total cash flows from financing | $171.25 | -$63.34 | -$189.58 | $24.15 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $87.81 | -$45.7 | $17.79 | $13.41 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Net income | $20.45 | -$177.79 | -$7.24 | $43.47 |
| Operating activities | ||||
| Depreciation | $169.19 | $201.68 | $185.06 | $171.14 |
| Business acquisitions & disposals | $31.36 | -$0.25 | $4.53 | |
| Stock-based compensation | $5.91 | $4.27 | $1.22 | $1.7 |
| Total cash flows from operations | $182.04 | $47.89 | $145.63 | $145.38 |
| Investing activities | ||||
| Capital expenditures | -$14.07 | $141.49 | -$666.52 | -$886.59 |
| Investments | $88.1 | $71.28 | $4.96 | -$0.72 |
| Total cash flows from investing | $74.03 | $244.13 | -$661.06 | -$881.8 |
| Financing activities | ||||
| Dividends paid | -$36.28 | -$42.1 | -$45.44 | -$39.87 |
| Sale and purchase of stock | $28.15 | $210.93 | $512.74 | $428.7 |
| Net borrowings | $174.76 | -$17.12 | $234.96 | $483.52 |
| Total cash flows from financing | -$268.91 | -$353.55 | $564.99 | $751.1 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$12.84 | -$61.54 | $49.56 | $14.68 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 62.93M |
| Revenue | $440.32M |
|---|---|
| EBITDA | $275.39M |
| EBIT | $113.86M |
| Net Income | $15.28M |
| Revenue Q/Q | -9.35% |
| Revenue Y/Y | -9.55% |
| P/E ratio | 0.00 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | 0.00 |
| Book/Share | 18.34 |
| Cash/Share | 2.39 |
| EPS | $0.24 |
|---|---|
| ROA | 0.40% |
| ROE | 1.33% |
| Debt/Equity | 2.48 |
|---|---|
| Net debt/EBITDA | 8.84 |
| Current ratio | N/A |
| Quick ratio | N/A |