Preferred apartment communities inc (APTS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Revenues:
Operating Leases, Income Statement, Lease Revenue

395,121

323,252

231,895

137,331

69,128

30,762

20,165

9,102

4,510

0

Other property revenues

11,795

8,213

4,958

19,302

9,495

3,946

2,237

1,128

565

0

Interest income on loan and note receivable

49,542

50,190

35,948

28,841

23,207

18,531

9,214

2,247

250

0

Revenue from Related Parties

11,946

15,616

21,204

14,645

7,474

3,295

516

11

-

-

miscellaneous revenues

2,023

0

0

-

-

-

-

-

-

-

Interest Income, Related Party

-

-

-

-

-

-

-

-

0

-

Revenues

470,427

397,271

294,005

200,119

109,305

56,536

32,133

12,491

5,325

0

Operating expenses:
Property operating and maintenance

52,911

44,065

29,903

19,982

10,878

4,887

3,286

1,385

681

0

property salaries related party

20,693

17,766

13,272

10,399

5,885

2,882

2,186

984

-

-

Property management fees

13,981

11,681

8,329

5,981

3,014

1,347

883

410

203

0

salary and benefits expense related party

-

-

-

-

-

-

-

-

486

-

Real estate taxes

50,298

42,035

31,281

21,594

9,934

3,587

2,279

753

364

0

General and administrative

8,541

8,224

6,490

4,558

2,285

1,051

617

329

216

0

Share-based Compensation

1,223

1,703

3,470

2,524

2,362

1,784

1,191

1,251

-

0

Depreciation and amortization

185,065

171,136

116,777

78,140

38,096

16,328

15,250

3,595

5,750

0

Acquisition costs

-

-

-

8,547

9,153

3,518

362

0

-1,680

388

acquisition fees paid to related party

-

-

-

-

-

3,714

1,167

0

868

-

Management fees

33,516

27,541

20,226

13,637

7,041

3,546

1,983

822

505

0

Loans and Leases Receivable, Allowance

2,038

2,533

0

-

-

-

-

-

-

-

Allowance for Loan and Lease Losses, Loans Acquired

2,038

2,533

0

0

-

-

-

-

-

-

Other Expenses

13,687

7,166

6,598

6,173

3,568

1,903

1,038

599

-

-

Organizational costs

-

-

-

-

-

-

-

-

-

360

Insurance

-

-

-

-

-

-

-

-

-

0

Professional Fees

-

-

-

-

-

-

-

-

-548

0

Other

-

-

-

-

-

-

-

-

792

2

Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures

-

-

-

-

-

-

-

-

238

-

Total operating expenses

381,953

333,850

236,346

171,535

92,221

44,553

30,246

10,133

10,920

751

manager's fees deferred

11,764

6,656

1,729

1,586

1,805

332

0

0

-

-

Operating Expenses

370,189

327,194

234,617

169,949

90,415

44,220

30,246

10,133

-

-

Operating Income (Loss)

101,805

139,782

97,023

34,441

18,889

12,315

1,887

2,358

-5,594

-751

Insurance

-

-

-

-

-

-

-

-

-

0

Interest Expense

111,964

95,564

67,468

44,284

21,315

10,188

5,488

2,504

1,176

15

Gain (Loss) on Extinguishment of Debt

-84

0

-888

0

0

-

604

0

-

-

Gain (Loss) on Sales of Loans, Net

954

0

0

-

-

-

-

-

-

-

Income (Loss) before Gain (Loss) on Sale of Properties

100,238

70,077

59,388

30,170

-2,425

2,127

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

1,567

69,705

37,635

4,271

0

0

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-7,458

44,538

28,667

-9,843

-2,425

2,127

-4,205

-146

-8,495

-766

Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest

-7,458

44,538

28,667

-9,843

-2,425

2,127

-4,205

-146

-6,770

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-1,724

-

Income (Loss) Attributable to Noncontrolling Interest, before Tax

-214

1,071

986

-310

-25

33

-222

0

0

0

Net Income (Loss) Attributable to Parent

-7,244

43,467

27,681

-9,533

-2,400

2,093

-3,983

-146

-8,495

-766

Preferred Stock Dividends and Other Adjustments

113,772

86,741

63,651

41,081

18,751

-

-

-

0

0

Deemed noncash dividend

768

229

63

0

0

0

7,028

0

0

-

NetIncomeAllocatedToUnvestedRestrictedShares

-17

-16

-15

-16

-19

-24

-18

-17

-

-

Earnings attributable to unvested restricted stock

-

-

-

-

-

-

-

-

-9

0

Net Income (Loss) Available to Common Stockholders, Basic

-121,033

-43,290

-35,985

-50,630

-21,171

-5,312

-14,992

-614

-8,505

-766

Net loss per share of Common Stock, basic and diluted

-

-

-

-

-

-

-

-

-2.22

-20.90

Net loss per share of Common Stock, basic and diluted

-

-

-

-

-

-

-

-

-1.77

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-0.45

-

Earnings Per Share, Basic

-2.73

-1.08

-1.13

-2.11

-0.95

-0.31

-1.59

-0.12

-

-

Dividends, Common Stock, Cash

46,755

41,129

31,244

19,941

16,196

-

-

-

1,940

0

Common Stock, Dividends, Per Share, Declared

1.04

1.02

0.94

0.81

0.72

0.65

0.60

0.55

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

-

22,182

17,399

9,456

5,172

3,822

36

Weighted Average Number of Shares Outstanding, Basic

-

-

-

-

-

17,399

9,456

5,172

-

-

Weighted Average Number of Shares Outstanding, Diluted

44,265

40,032

31,926

23,969

22,182

-

-

-

-

-

Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)

1,831

320

0

0

-

-

-

-

-

-