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For August and September, Preferred Apartment Communities (APTS) reported 99% and 98% rent collected in the multifamily segment while in student housing segment rent collection for both the months stood at 99%.For grocery anchored retail, August rent collection stood at 94% and 95% for S...
Preferred Apartment Communities, Inc. Provides Rent Collection Update PR Newswire ATLANTA, Oct. 13, 2020 ATLANTA , Oct. 13, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today provided cash rental collections...
U.S. equity markets delivered their strongest week in three months, driven by solid economic data and renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Following gains of 1.6% last week, the S&P 500 surged 3.9% this week, climbing back within 3% of all-time h...
Preferred Apartment Communities, Inc. Announces Date of Third Quarter 2020 Earnings Release and Conference Call PR Newswire ATLANTA, Oct. 9, 2020 ATLANTA , Oct. 9, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"...
Book value is not the same as Net Asset Value for equity REITs in the United States. Apartment REITs still trade at substantial discounts to Net Asset Value. In the Great Recession, we saw apartment REITs drop to staggering discounts, followed by a moderate reduction in NAV estimates....
We're still seeing great bargains throughout the apartment REIT subsector. The sector has significant discounts to NAV, which are more enough to compensate for the headwinds facing apartments in the near term. The market-implied cap rates show investors are not giving apartment RE...
We had suggested that only those that like to dabble in the lowest rung of emerging market bonds take a trade on APTS. Five months later the stock has gone through a dividend cut and is trading lower. We examine the merits of diving in at these reduced levels. For further de...
Looking for significant dividend yields with healthy coverage? Try the apartment REITs (well, most of them). Think an apartment building is better than an apartment REIT? Only if you want to pay more to buy it, more to finance it, and have more headaches managing it. We're bullish...
U.S. equity markets snapped a four-week losing streak on a frenetic week of economic data and political developments that culminated with the hospitalization of the President of the United States. Throwing yet another curveball into the home stretch of a highly contentious U.S. electi...
REIT industry rent collections in free-standing retail improved nearly 5% from August to ~95% in September while shopping centres saw a modest increase to over 81%, according to Nareit's monthly survey of FTSE Nareit All REITs Index' components.Shopping centres have been the worst hit retail ...
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Blackstone (NYSE: BX) and Preferred Apartments Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of PAC for $25.00 ...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that, at the reconvened special meeting of stockholders (the “Special Meeting”) held today, its stockholders approved the acquisition of PAC by Blackstone Real...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) today announced that independent proxy advisory firm Egan-Jones Proxy Services has recommended that PAC stockholders vote “ FOR ” the previously announced all-cash acquisition of PAC by Blackstone...