PREFERRED APARTMENT COMMUNITIES INC APTS Income Statement

Preferred apartment communities inc (APTS)

Income statement / TTM

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
412,594	395,121	376,302	351,037	0	-	0	0	-	231,895	184,465	171,712	154,438	137,331	118,365	100,489	84,242	69,128	59,605	46,710	38,034	30,762	24,447	23,326	22,344	20,165	16,488	13,303	0	-	0	0	-	0	0
Other property revenues
-	-	0	0	-	-	0	0	-	4,958	32,603	28,490	23,977	19,302	16,100	13,436	11,285	9,495	8,426	6,668	5,270	3,946	2,892	2,723	2,548	2,237	1,848	1,499	0	-	0	0	-	0	0
Interest income on loan and note receivable
51,693	49,542	49,607	50,657	0	-	0	0	-	35,948	33,967	31,489	29,846	28,841	27,824	26,539	25,274	23,207	21,242	20,204	19,113	18,531	17,051	14,711	12,212	9,214	6,954	5,059	3,404	2,247	1,236	602	0	0	0
Revenue from Related Parties
8,681	11,946	13,651	15,479	0	-	0	0	-	21,204	20,306	18,287	16,681	14,645	12,753	10,996	8,893	7,474	6,162	5,082	4,222	3,295	2,473	1,672	932	516	0	0	0	-	-	-	-	-	-
miscellaneous revenues
5,260	2,023	1,046	1,046	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
490,023	470,427	449,793	425,979	0	-	0	0	-	294,005	271,342	249,980	224,944	200,119	175,043	151,461	129,696	109,305	95,437	78,664	66,640	56,536	46,864	42,434	38,037	32,133	24,999	19,108	0	-	0	0	-	0	0
Operating expenses:
Property operating and maintenance
56,832	52,911	53,166	48,345	0	-	0	0	-	29,903	27,736	25,340	22,499	19,982	17,039	14,632	12,820	10,878	9,668	7,639	6,054	4,887	3,885	3,740	3,670	3,286	2,940	2,645	0	-	0	0	-	0	0
property salaries related party
21,227	20,693	19,756	18,624	0	-	0	0	-	13,272	12,360	11,765	11,063	10,399	9,458	8,338	7,131	5,885	5,130	4,074	3,374	2,882	2,491	2,459	2,403	2,186	0	0	0	-	-	-	-	-	-
Property management fees
12,717	13,981	13,172	12,414	0	-	0	0	-	8,329	7,688	7,359	6,654	5,981	5,240	4,373	3,672	3,014	2,615	2,042	1,655	1,347	1,081	1,035	984	883	720	583	0	-	0	0	-	0	0
Real estate taxes
51,733	50,298	50,101	47,294	0	-	0	0	-	31,281	29,426	26,509	24,324	21,594	18,480	16,198	13,031	9,934	8,396	6,602	5,004	3,587	2,784	2,712	2,547	2,279	1,787	1,331	0	-	0	0	-	0	0
General and administrative
13,485	8,541	7,452	7,511	0	-	0	0	-	6,490	6,163	5,605	5,143	4,558	3,987	3,475	2,747	2,285	2,006	1,551	1,321	1,051	773	755	698	617	484	371	0	-	0	0	-	0	0
Share-based Compensation
1,142	1,223	-256	235	879	1,703	3,744	3,811	3,732	3,470	3,263	3,038	2,786	2,524	2,468	2,423	2,382	2,362	2,198	2,062	1,930	1,784	1,648	1,482	1,326	1,191	1,219	1,244	1,240	1,251	0	0	0	0	0
Depreciation and amortization
189,285	185,065	181,117	179,377	175,809	171,136	161,800	146,205	132,567	116,777	105,345	98,106	87,619	78,140	66,667	55,539	45,497	38,096	33,947	26,596	21,965	16,328	11,561	12,057	13,645	15,250	13,274	10,498	6,531	3,595	6,424	8,320	0	0	0
Acquisition costs
-	-	-	-	-	-	-	-	-	-	1,675	3,032	5,792	8,547	13,162	13,589	11,493	9,153	2,987	4,261	3,754	3,518	3,556	510	351	362	212	202	0	-	0	0	-	0	0
acquisition fees paid to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,613	5,515	4,417	3,714	3,637	194	315	1,167	0	0	0	-	-	-	-	-	-
Management fees
28,786	33,516	31,883	29,893	0	-	0	0	-	20,226	18,677	17,288	15,383	13,637	11,694	9,844	8,456	7,041	6,170	5,048	4,209	3,546	2,803	2,552	2,288	1,983	1,603	1,254	0	-	0	0	-	0	0
Loans and Leases Receivable, Allowance
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Loan and Lease Losses, Loans Acquired
-	-	5,562	2,533	-	2,533	-3,029	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Expenses
192,435	13,687	7,901	6,456	0	-	0	0	-	6,598	5,780	5,962	6,157	6,173	5,372	5,097	4,169	3,568	3,045	2,441	2,215	1,903	1,584	1,287	1,144	1,038	0	0	0	-	-	-	-	-	-
Organizational costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Professional Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Total operating expenses
574,813	381,953	369,868	353,475	0	-	0	0	-	236,346	218,118	204,010	187,424	171,535	150,175	131,654	110,643	92,221	79,781	67,835	55,903	44,553	35,807	28,789	29,377	30,246	25,273	20,074	0	-	0	0	-	0	0
manager's fees deferred
10,271	11,764	-5,181	-3,529	0	-	0	0	-	1,729	1,129	1,210	1,491	1,586	1,735	1,371	1,729	1,805	1,860	1,487	678	332	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating Expenses
564,542	370,189	359,429	344,688	0	-	0	0	-	234,617	216,988	202,800	185,933	169,949	148,439	130,282	108,913	90,415	77,920	66,347	55,224	44,220	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
-72,956	101,805	108,973	99,902	0	-	0	0	-	97,023	58,625	51,451	43,281	34,441	26,603	21,179	20,782	18,889	17,516	12,316	11,416	12,315	11,056	13,644	8,660	1,887	-273	-965	0	-	0	0	-	0	0
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Interest Expense
114,801	111,964	108,823	102,371	0	-	0	0	-	67,468	61,680	57,236	50,398	44,284	37,119	30,704	25,833	21,315	19,422	15,753	12,849	10,188	7,337	6,725	6,184	5,488	4,416	3,413	0	-	0	0	-	0	0
Gain (Loss) on Extinguishment of Debt
-67	-84	-84	-69	-17	0	0	-888	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
1,433	954	747	747	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) before Gain (Loss) on Sale of Properties
-74,519	100,238	90,364	81,291	0	-	0	0	-	-	0	0	-	-	-	-8,720	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
1,563	1,567	18,609	18,611	0	-	0	0	-	37,635	37,638	37,638	34,995	4,271	4,271	4,271	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-184,701	-7,458	21,105	31,596	27,995	44,538	12,599	4,287	12,869	28,667	29,424	26,694	23,607	-9,843	-6,244	-5,253	-5,050	-2,425	-1,905	-3,437	-1,433	2,127	3,623	6,822	1,776	-4,205	-5,422	-5,243	-2,855	-146	-3,463	-7,592	0	0	0
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-184,701	-7,458	21,105	31,596	27,995	44,538	12,599	4,287	12,869	28,667	29,424	26,694	23,607	-9,843	0	0	0	-	-	-	-	-	-	-	-	-4,205	0	0	0	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Income (Loss) Attributable to Noncontrolling Interest, before Tax
-3,847	-214	906	987	0	-	0	0	-	986	954	866	777	-310	-171	-100	-104	-25	-19	-30	-14	33	36	-65	-122	-222	-225	-98	0	-	0	0	-	0	0
Net Income (Loss) Attributable to Parent
-180,854	-7,244	2,182	-878	0	-	0	0	-	27,681	28,470	25,827	22,829	-9,533	-6,073	-5,153	-4,946	-2,400	-1,885	-3,406	-1,418	2,093	3,587	6,887	1,898	-3,983	-5,196	-5,145	-2,794	-146	-3,463	-7,592	0	0	0
Preferred Stock Dividends and Other Adjustments
121,301	113,772	-53,809	-45,287	0	-	0	0	-	63,651	57,057	0	0	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Deemed noncash dividend
859	768	0	0	0	-	-	-	-	63	33	12	-5,072	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NetIncomeAllocatedToUnvestedRestrictedShares
-17	-17	-19	-20	0	-	0	0	-	-15	-14	-16	-15	-16	-29	-26	-27	-19	-43	-33	-21	-24	-14	-16	-18	-18	0	0	0	-	-	-	-	-	-
Earnings attributable to unvested restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Net Income (Loss) Available to Common Stockholders, Basic
-302,172	-121,033	-102,724	-97,263	0	-	0	0	-	-35,985	-30,325	-27,565	-24,770	-50,630	-40,804	-33,981	-28,420	-21,171	-16,744	-15,056	-10,579	-5,312	-2,553	1,679	-9,481	-14,992	-15,441	-14,875	0	-	0	0	-	0	0
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
48,051	46,755	45,439	43,999	42,522	41,129	39,865	37,640	35,075	31,244	0	0	0	-	-	17,541	16,781	16,196	0	0	0	-	0	0	0	-	-	-	-	-	0	-	-	0	-
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)
1,690	1,831	1,451	991	461	320	185	54	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-