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Investors have shown a disconnect between their belief in physical housing assets and in housing REITs. The performance of the two is strongly correlated over longer time periods, adjusted for leverage. That makes sense because owning the REIT gives investors an economic stake in ...
We stated earlier in the year that people would not default on their mortgages and apartment rents. Unsurprisingly, it turns out that people still like having a home. Residential real estate has been resilient. Residential REITs are still on sale. For further details see...
High-Yield equity REITs have regularly underperformed. We expect that trend to continue over the next decade. REITs with high yields, low FFO multiples, and weak balance sheets have regularly underperformed. Instead of focusing on those negative-growth REITs, consider a REIT with ...
During the months of November and December 2020, Preferred Apartment Communities (APTS) completed the $478.7M sale of its student housing portfolio and the acquisitions of two multifamily communities in Florida.The company also sold a multifamily community in a now non-core market.In addition...
Preferred Apartment Communities, Inc. Provides Update on Fourth Quarter 2020 Investment and Capital Activities PR Newswire ATLANTA , Dec. 21, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today provided a summary...
Before you go calling me a Scrooge, I do believe Christmas miracles can happen. In fact, miracles can and do happen throughout the year. Remember to always stick with companies that stay within their “circle of competence." For further details see: Bah Humbug: Bew...
Investors in REITs need to consider their alternatives. To make it easier, we’re adding an index of charts for several metrics. Many investors believe that demanding a high-return, often through dividend yield is enough to get it. They can demand until they are blue in the face...
The Freddie Mac Multifamily Apartment Investment Market Index ("AIMI") climbed 1.9% in Q3, erasing a -0.3% decline in Q2, reflecting mixed net operating income and property price growth after the COVID-19 pandemic drove NOI down in Q2.On a Y/Y basis, AIMI rose 2.0% as mortgage rates decreased...
Real estate is ubiquitous and perpetual. Every business requires real estate, even the digitally native. Invest with time on your side. Rents and property values rise over time. For further details see: 5 Reasons To Own REITs (Real Estate Investment Trusts) Anytime, And ...
November was characterized by a contested U.S. Presidential Election and a series of surprisingly positive and encouraging COVID-19 vaccine news. I am continuing my monthly investment plans and suspiciously follow the massive rally in technology stocks as well as the vaccine-driven re...
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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...