Preferred Apartment Communities

Preferred Apartment Communities is a real estate firm that acquires and operates multifamily properties. It makes real estate loan investments in multifamily communities and other multifamily-related assets, such as off-campus student housing communities, and also invests a lesser portion of its assets in other income-producing property types, such as grocery-anchored shopping centers and office properties.

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ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company," "Preferred Apartment Communities" or "PAC") today reported results for the quarter ended June 30, 2021. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units ("Class A Units") of the Preferred Apartment Communities Operating Partnership (our "Operating Partnership") outstanding. See Definitions of Non-GAAP

Preferred Apartment Communities, Inc. Reports Results for Second Quarter 2021

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When a REIT is forced to cut its dividend, investors lose confidence in its ongoing abilities. And the stock price suffers for it.

6 REITs That Could Cut The Cheese

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it intends to redeem 221,645 shares (the “Called Shares”) of its 6.00% Series A Redeemable Preferred Stock (the “Series A Preferred Stock”) on August 3, 2021 (the “Redemption Date”). The Called Shares represent 100% of the Series A Preferred Stock currently available to call at the Company's option and 13.5% of the current total outstanding shares. “The announcements yester

Preferred Apartment Communities, Inc. Announces Redemption of Approximately $221 Million of its 6.00% Series A Redeemable Preferred Stock

Highwoods Properties

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") closed on its previously announced disposition of a portfolio of five office properties and one office real estate loan investment to Highwoods Properties, Inc. (NYSE: HIW) for an aggregate purchase price of $645.5 million, which will result in net proceeds at closing of approximately $241.5 million, after the satisfaction of approximately $404.0 million of property level debt and other closing

Preferred Apartment Communities, Inc. Completes Disposition of Substantial Majority of its Office Portfolio to Highwoods Properties, Inc.

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced plans to release its second quarter 2021 earnings after the market closes on Monday, August 9, 2021. Following are the details of a conference call PAC will host on Tuesday, August 10, 2021 at 11:00 a.m. Eastern Time to discuss its second quarter 2021 results. To participate in the conference call, please dial in to the following and enter 5239504 as the passcode. Preferred Apar

Preferred Apartment Communities, Inc. to Release Second Quarter 2021 Results Monday, August 9th

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today completed the acquisition of Alleia at Presidio, a 231-Unit Class A multifamily community in Fort Worth, Texas. Jeff Sherman, the Company's President of Multifamily said, “Alleia marks our re-entry into the Dallas-Fort Worth metroplex, which continues to lead the nation in total population growth.” Mr. Sherman added, “This property checks so many boxes for us; it is surrounded by affluent

Preferred Apartment Communities, Inc. Acquires a 231-Unit Multifamily Community in the Dallas-Fort Worth MSA

Preferred Apartment's (APTS) latest buyout comes as part of the company's effort to boost its portfolio with newly-constructed suburban Sunbelt properties.

Preferred Apartment (APTS) Completes The Ellison Acquisition

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today completed the acquisition of The Ellison, a 250-Unit Class A multifamily community in Kennesaw, Georgia, a strong and growing submarket in the Atlanta MSA. The Ellison is currently 100% leased. The addition of The Ellison to our Sunbelt portfolio increases our total multifamily units to 11,393 and increases our multifamily units in the Atlanta MSA to 1,811, or approximately 15.9% of our m

Preferred Apartment Communities, Inc. Completes the Acquisition of a 250-Unit Multifamily Community in the Atlanta, Georgia MSA

Preferred Apartment Communities (APTS) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

Preferred Apartment Communities (APTS) Enters Overbought Territory

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on May 28, 2021 it closed on a real estate loan investment of up to approximately $17.0 million in connection with Novare Group's plans to develop Populus at Pooler, a 316-unit, surface parked Class A multifamily community located in the Savannah, Georgia MSA, expected to deliver first units in the fall of 2022. The loan investment has an outside maturity date of May 28, 20

Preferred Apartment Communities, Inc. Announces Real Estate Loan Investment in Savannah, Georgia Multifamily Development

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that its Board of Directors has unanimously appointed Joel Murphy to the additional position of Chairman of the Board. Mr. Murphy will continue to serve as President and Chief Executive Officer. The Board also unanimously appointed Howard McLure to continue to serve as its Lead Independent Director. Mr. Murphy, age 62, has served as the Company's Chief Executive Officer since Ja

Preferred Apartment Communities, Inc. Announces Appointment of Joel T. Murphy to the Additional Position of Chairman of the Board and Howard A.

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) will hold its 2021 Annual Meeting of Stockholders (the “Annual Meeting”) virtually due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its stockholder, associates, directors, and the community. We appreciate your understanding and look forward to your participation in our virtual meeting. Meeting Information Date: June 3, 2021 Time: 9:00 a.m., Ea

Preferred Apartment Communities, Inc. Announces 2021 Annual Meeting of Stockholders

Preferred Apartment Communities, Inc. (APTS) CEO Joel Murphy on Q1 2021 Results - Earnings Call Transcript

Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of 4.17% and -2.23%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Preferred Apartment Communities (APTS) Surpasses Q1 FFO Estimates

ATLANTA, May 10, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company," "Preferred Apartment Communities" or "PAC") today reported results for the quarter ended March 31, 2021. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units ("Class A Units") of the Preferred Apartment Communities Operating Partnership (our "Operating Partnership") outstanding.

Preferred Apartment Communities, Inc. Reports Results for First Quarter 2021

Preferred Apartment Communities: Its 6.8% Dividend Yield Is Not Entirely Safe

ATLANTA, April 19, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that the Company has entered into an agreement to sell a portfolio of seven office properties and one office real estate loan investment to Highwoods Properties, Inc. (NYSE: HIW) for an aggregate purchase price of $717.5 million, including the assumption of debt.  The transactions are expected to close in the third quarter of 2021 and are subject to customary closing conditions.

Preferred Apartment Communities, Inc. Continues Simplification Strategy with Agreement for Transformational Office Portfolio Sale

ATLANTA, April 8, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced plans to release its first quarter 2021 earnings after the market closes on Monday, May 10, 2021. Following are the details of a conference call PAC will host on Tuesday, May 11, 2021 at 11:00 a.m.

Preferred Apartment Communities, Inc. Announces Date of First Quarter 2021 Earnings Release and Conference Call

ATLANTA, March 4, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on March 1, 2021 it closed on a real estate loan investment of up to approximately $16.8 million in connection with Crosland Southeast's plans to develop...

Preferred Apartment Communities, Inc. Announces Real Estate Loan Investment in Orlando, Florida Multifamily Development

Preferred Apartment Communities (APTS) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock doesn't suggest further strength down the road.

Preferred Apartment Communities (APTS) Stock Jumps 11.5%: Will It Continue to Soar?

Preferred Apartment Communities, Inc. (APTS) CEO Joel Murphy on Q4 2020 Results - Earnings Call Transcript

Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of 55.00% and -0.08%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Preferred Apartment Communities (APTS) Tops Q4 FFO Estimates

ATLANTA, March 1, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company," "Preferred Apartment Communities" or "PAC") today reported results for the quarter and year ended December 31, 2020. Unless otherwise indicated, all per share results are...

Preferred Apartment Communities, Inc. Reports Results for Fourth Quarter 2020

At first glance, Preferred Apartment Communities looks like a strong value prospect for REIT-oriented investors. The company's shares are trading on the cheap, but there are significant underlying problems.

Preferred Apartment Communities: Tread Carefully

News for Preferred Apartment Communities Stock (APTS)