PREFERRED APARTMENT COMMUNITIES INC APTS Income Statement

Preferred apartment communities inc (APTS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Sep'11	Jun'11
Revenues:
Operating Leases, Income Statement, Lease Revenue
111,866	103,319	101,817	95,592	94,393	-	84,500	76,552	-	88,219	50,072	48,241	45,363	40,789	37,319	30,966	28,255	21,824	19,442	14,720	13,141	12,301	6,546	6,044	5,869	5,986	5,426	5,062	3,689	-	2,309	2,241	-	2,250	1,691
Other property revenues
-	-	3,232	3,512	-	-	2,443	1,805	-	-21,634	9,335	8,821	8,436	6,011	5,221	4,308	3,760	2,809	2,558	2,157	1,969	1,740	799	760	645	686	630	586	333	-	297	282	-	258	185
Interest income on loan and note receivable
13,439	13,553	12,608	12,093	11,288	-	13,618	13,658	-	9,837	9,673	8,490	7,948	7,856	7,194	6,847	6,942	6,839	5,909	5,582	4,875	4,874	4,871	4,492	4,293	3,394	2,531	1,992	1,295	1,135	636	337	138	124	1
Revenue from Related Parties
2,537	1,966	2,546	1,632	5,802	-	3,671	4,374	-	5,232	5,820	5,338	4,814	4,334	3,801	3,731	2,777	2,442	2,044	1,627	1,358	1,131	964	767	432	308	163	27	16	-	-	-	-	-	-
miscellaneous revenues
3,260	977	0	1,023	23	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
131,102	124,866	120,203	113,852	111,506	-	104,232	96,389	-	81,654	74,900	70,890	66,561	58,991	53,537	45,853	41,735	33,916	29,955	24,088	21,344	20,048	13,182	12,065	11,240	10,376	8,752	7,668	5,335	-	3,243	2,860	-	2,633	1,878
Operating expenses:
Property operating and maintenance
16,800	12,638	14,928	12,466	12,879	-	12,893	10,107	-	8,265	7,901	7,198	6,539	6,098	5,504	4,356	4,021	3,156	3,097	2,545	2,079	1,946	1,067	960	912	944	922	890	528	-	598	627	-	579	436
property salaries related party
5,191	5,848	5,360	4,828	4,657	-	4,911	4,228	-	3,622	3,403	3,219	3,028	2,710	2,808	2,516	2,363	1,770	1,688	1,308	1,117	1,015	632	609	625	624	600	553	408	-	-	-	-	-	-
Property management fees
2,003	3,807	3,534	3,373	3,267	-	2,998	2,776	-	2,313	2,053	2,061	1,902	1,672	1,724	1,356	1,228	931	857	655	570	532	283	268	262	266	238	217	160	-	104	100	-	100	75
Real estate taxes
15,525	10,794	12,870	12,544	14,090	-	10,597	10,063	-	7,991	7,706	7,680	7,904	6,136	4,789	5,494	5,173	3,023	2,506	2,327	2,076	1,485	712	730	659	682	640	565	390	-	191	184	-	181	143
General and administrative
6,364	3,310	1,898	1,913	1,420	-	2,221	1,957	-	1,629	1,702	1,654	1,505	1,302	1,144	1,191	919	732	632	463	458	452	177	232	188	174	159	175	108	-	41	46	-	51	35
Share-based Compensation
230	301	305	306	311	-1,178	796	950	1,135	863	863	871	873	656	638	618	610	601	593	577	590	437	456	445	444	301	290	290	308	330	315	286	319	77	79
Depreciation and amortization
49,509	47,874	46,239	45,663	45,289	43,926	44,499	42,095	40,616	34,590	28,904	28,457	24,826	23,158	21,664	17,969	15,346	11,686	10,536	7,927	7,945	7,537	3,185	3,296	2,308	2,770	3,682	4,884	3,913	794	905	917	977	3,623	2,802
Acquisition costs
-	-	-	-	-	-	-	-	-	-	0	5	9	1,661	1,357	2,764	2,763	6,277	1,783	669	423	111	3,056	162	188	149	10	3	198	-	0	0	-	18	1,442
acquisition fees paid to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,541	1,098	760	213	3,443	0	57	137	0	121	908	-	-	-	-	-	-
Management fees
3,099	8,867	8,611	8,209	7,829	-	7,234	6,621	-	5,701	5,148	4,864	4,513	4,152	3,759	2,958	2,766	2,210	1,908	1,570	1,350	1,339	787	731	688	595	536	467	383	-	214	188	-	177	145
Loans and Leases Receivable, Allowance
5,133	-	0	-	0	-	3,029	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Loan and Lease Losses, Loans Acquired
-	-	0	0	-	5,562	-3,029	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Expenses
178,793	7,499	3,453	2,690	45	-	1,713	2,008	-	2,774	1,156	1,377	1,291	1,956	1,338	1,571	1,306	1,155	1,062	644	705	633	458	417	393	313	161	274	288	-	-	-	-	-	-
Organizational costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	-	0	7
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	40	-	37	28
Professional Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	87	-	72	187
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	38	-	36	30
Total operating expenses
282,647	102,976	97,198	91,992	89,787	-	90,891	80,805	-	67,734	58,836	57,386	52,390	49,506	44,728	40,800	36,500	28,146	26,208	19,788	18,078	15,706	14,261	7,856	6,728	6,961	7,243	8,443	7,597	-	1,988	2,044	-	4,702	5,187
manager's fees deferred
1,136	15,011	-3,081	-2,795	2,629	-	-1,934	-1,429	-	727	656	171	175	127	736	451	269	276	373	809	345	332	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating Expenses
281,511	99,717	94,117	89,197	87,158	-	88,957	79,376	-	67,007	58,180	57,215	52,215	49,378	43,991	40,348	36,230	27,869	25,834	18,979	17,732	15,374	14,261	7,856	6,728	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
-150,409	26,712	26,086	24,655	24,352	-	33,880	17,015	-	52,282	16,720	13,675	14,346	13,884	9,545	5,505	5,505	6,047	4,120	5,109	3,612	4,674	-1,079	4,208	4,511	3,415	1,508	-775	-2,262	-	1,255	816	-	-2,069	-3,309
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	41	-	39	27
Interest Expense
29,593	28,798	28,799	27,611	26,756	-	25,657	22,347	-	19,383	16,678	16,398	15,009	13,595	12,234	9,559	8,894	6,431	5,818	4,688	4,377	4,538	2,150	1,784	1,715	1,687	1,538	1,242	1,019	-	615	535	-	537	418
Gain (Loss) on Extinguishment of Debt
0	0	-15	-52	-17	0	0	0	0	-	0	-888	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	604	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
479	207	0	747	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) before Gain (Loss) on Sale of Properties
-150,409	25,149	26,086	24,655	24,348	-	15,275	17,013	-	-	42	-3,611	-	-	-	-4,054	-3,389	-	-1,697	420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
0	1,563	0	0	4	-	18,605	2	-	-4	0	6,915	30,724	-0	0	4,271	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	0	-	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-179,523	-1,364	-2,137	-1,677	-2,280	27,199	8,354	-5,278	14,263	-4,740	42	3,304	30,061	-3,982	-2,688	217	-3,389	-384	-1,697	420	-764	136	-3,229	2,424	2,795	1,632	-30	-2,622	-3,185	415	148	-234	-476	-2,900	-3,980
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-179,523	-1,364	-2,137	-1,677	-2,280	27,199	8,354	-5,278	14,263	-4,740	42	3,304	30,061	-3,982	-2,688	217	-3,389	-	-	-	-	-	-	-	-	1,728	-30	-2,622	-3,281	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	-	-	-	-	-	-
Income (Loss) Attributable to Noncontrolling Interest, before Tax
-3,141	-1,336	59	571	492	-	-216	140	-	-111	1	97	999	-142	-86	7	-88	-4	-15	4	-9	0	-26	20	38	3	-127	-36	-61	-	0	0	-	0	0
Net Income (Loss) Attributable to Parent
-176,382	-1,288	-2,078	-1,106	-2,772	-	8,138	-5,138	-	-4,629	41	3,207	29,062	-3,839	-2,602	209	-3,300	-379	-1,682	416	-755	135	-3,202	2,404	2,756	1,629	97	-2,585	-3,124	415	148	-234	-476	-2,900	-3,980
Preferred Stock Dividends and Other Adjustments
33,068	145,221	-29,446	-27,542	25,539	-	-22,360	-20,924	-	17,609	16,421	15,235	14,386	-	11,015	-	-	-	5,114	4,090	-	-	-	-	-	-	-	-	-	-	163	78	-	0	0
Deemed noncash dividend
184	410	148	117	93	-	-	-	-	30	21	12	0	0	0	-5,072	5,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NetIncomeAllocatedToUnvestedRestrictedShares
-2	-3	-5	-7	-2	-	-5	-6	-	-4	-4	-6	-1	-3	-6	-4	-1	-16	-4	-5	6	-41	6	6	4	-31	4	4	4	-	-	-	-	-	-
Earnings attributable to unvested restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-	-	-3	-
Net Income (Loss) Available to Common Stockholders, Basic
-209,452	-32,536	-31,529	-28,655	-28,313	-	-14,227	-26,068	-	-22,242	-16,384	-12,034	14,675	-16,582	-13,624	-9,239	-11,184	-6,756	-6,800	-3,679	-3,934	-2,329	-5,112	797	1,331	430	-879	-10,363	-4,179	-	-18	-313	-	-2,903	-3,980
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.81	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.08	-1.26	-0.79	-	-	-	-	-	-
Net loss per share of Common Stock, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.06	-	-0.56	-0.81
Net loss per share of Common Stock, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.81	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	-	-	-	-
Earnings Per Share, Basic
-4.44	-0.70	-0.71	-0.66	-0.66	-	-0.35	-0.66	-	-0.78	-0.49	-0.40	0.54	-0.66	-0.56	-0.40	-0.49	-	-0.31	-0.17	-	-	-	-	-	0.54	-0.08	-1.26	-0.79	-	-	-	-	-	-
Dividends, Common Stock, Cash
12,491	12,156	11,823	11,581	11,195	10,840	10,383	10,104	9,802	9,576	8,158	7,539	5,971	-	-	4,772	4,435	4,314	4,018	4,012	3,850	-	2,937	2,658	2,453	-	-	-	-	-	729	-	-	646	-
Common Stock, Dividends, Per Share, Declared
0.26	0.26	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.23	0.23	0.22	0.22	0.20	0.20	0.19	0.19	0.18	0.18	0.17	0.17	0.16	0.16	0.16	0.16	0.15	0.15	0.14	-	-	-	0.13	-	-
Weighted Average Number of Shares Outstanding, Basic and Diluted
-	-	-	-	-	-	-	-	-	-	33,540	29,894	26,936	-	24,340	23,325	22,983	-	-	-	-	-	-	-	-	-	11,041	-	-	5,181	5,178	5,177	5,151	5,146	4,886
Weighted Average Number of Shares Outstanding, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,292	22,215	21,813	20,428	17,564	16,287	15,316	-	-	8,198	5,289	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
47,129	45,974	44,703	43,703	42,680	-	40,300	39,383	-	37,334	33,540	29,894	26,936	-	24,340	23,325	-	-	-	-	-	-	-	16,421	15,562	-	12,491	8,198	5,289	-	-	-	-	-	-
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)
0	515	591	584	141	135	131	54	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-