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Preferred Apartment Communities (NYSE:APTS) stock inches higher by 1.2% in after-hours trading after the company raises its funds from operations outlook to $1.00-1.07 per share for 2021, up from $0.90-1.00 in the prior view. Tightens same-store multifamily net operating income grow...
Total Revenues $111.0 million for Q3 2021; $345.4 million for the nine months ended September 30, 2021 ______________ Net Loss Per Share ($0.92) per share for Q3 2021; ($2.30) per share for the nine months ended September 30, 2021 ______________ ...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that on November 3, 2021 it closed on a real estate loan investment of up to approximately $9.1 million in connection with Oxford Properties’ plans to develop B...
Preferred Apartment Communities Inc. (NYSE:APTS) traded at a new 52-week high today of $12.94. Approximately 142,000 shares have changed hands today, as compared to an average 30-day volume of 320,000 shares. Preferred Apartment Communities Inc. (NYSE:APTS) has potential upside of 136.0%...
We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far. Consistent with the trends seen across the broader equity market, REIT earnings have generally...
Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that on October 14, 2021 it closed on a real estate loan investment of up to approximately $16.6 million in connection with Catalyst Development Partners’ plans...
This REIT continues to restructure their property portfolio by selling office properties and buying more apartments. They are deleveraging by using cash from property sales to redeem some of their preferred stock. Apartments are a hedge against inflation because the rental prices ...
APTS was once the darling of the REIT space, certainly of the multifamily REIT space, for its focus on newly built apartments in the Sunbelt. But misaligned interests in management led to an overleveraged balance sheet, persistently high payout ratio, and mission creep. It's a sha...
Inflation concerns have started to affect market sentiment but it is highly uncertain if that will lead to a real market correction or just some short-term dips. I am continuing my monthly investment plans while still awaiting a market correction or possibly a real crash once market e...
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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...