STEADFAST APARTMENT REIT, INC. Financial Statements (2025 and earlier)

Company Profile

Business Address 18100 VON KARMAN AVE
IRVINE, CA 92612
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 258,19874,80758,88027,29926,76831,386
Cash and cash equivalent 258,19874,80758,88027,29926,76831,386
Receivables      3,119
Total current assets: 258,19874,80758,88027,29926,76834,505
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 17 
Operating lease, right-of-use asset 2,12949
Property, plant and equipment 337,322151,294164,113164,113164,113130,351
Intangible assets, net (including goodwill) 125,764     
Goodwill 125,220     
Intangible assets, net (excluding goodwill) 543     
Total noncurrent assets: 465,232151,343164,113164,113164,113130,351
Other undisclosed assets 2,578,3091,200,8071,211,1461,262,9561,306,2201,099,303
TOTAL ASSETS: 3,301,7391,426,9571,434,1391,454,3681,497,1011,264,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 2,245     
Lease deposit liability 2,245 
Total noncurrent liabilities: 2,245     
Other undisclosed liabilities 2,217,8691,150,9411,088,1511,027,6661,007,103882,193
Total liabilities: 2,220,1141,150,9411,088,1511,027,6661,007,103882,193
Temporary equity, including noncontrolling interest  1,203 36,39727,9499,401
Equity
Equity, attributable to parent, including: 977,303274,814345,988390,305462,048372,565
Additional paid in capital 1,603,989698,454684,141633,187625,996456,614
Accumulated deficit (627,787)(424,166)(338,670)(243,390)(164,445)(84,405)
Other undisclosed equity, attributable to parent 1,101526517508497355
Equity, attributable to noncontrolling interest 104,323     
Total equity: 1,081,625274,814345,988390,305462,048372,565
TOTAL LIABILITIES AND EQUITY: 3,301,7391,426,9571,434,1391,454,3681,497,1011,264,159

Income Statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 300,101173,536169,963163,398144,01168,450
Revenue, net150,900163,398144,01168,450
Operating lease, lease income 297,566172,445
Cost of revenue  (143,761)(25,976)(24,343)(24,630)(26,302)
Cost of product and service sold  (25,862)(25,976)(24,343)(24,630)(26,302)
Gross profit: 300,10129,774143,987139,055119,38142,148
Operating expenses (429,407)(81,223)(219,064)(197,022)(181,693)(119,144)
Operating loss: (129,306)(51,448)(75,077)(57,967)(62,312)(76,996)
Nonoperating income
(Other Nonoperating income)
 1,797     
Interest and debt expense (191)(49,274)(4,975)(34,279)(26,060)(13,276)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,605)49,274    
Loss from continuing operations before equity method investments, income taxes: (129,306)(51,448)(80,052)(92,246)(88,373)(90,272)
Other undisclosed income from continuing operations before income taxes  51,988    
Income (loss) from continuing operations: (129,306)540(80,052)(92,246)(88,373)(90,272)
Income (loss) before gain (loss) on sale of properties:(129,306)1,276(80,052)(92,246)(88,373)(90,272)
Income from discontinued operations  736    
Other undisclosed net income 13,778     
Net income (loss): (115,528)1,276(80,052)(92,246)(88,373)(90,272)
Net income attributable to noncontrolling interest 1,438     
Other undisclosed net income (loss) attributable to parent  (39,800)30,95258,62250,69039,578
Net loss attributable to parent: (114,090)(38,524)(49,100)(33,624)(37,682)(50,694)
Preferred stock dividends and other adjustments (66)     
Net loss available to common stockholders, diluted: (114,155)(38,524)(49,100)(33,624)(37,682)(50,694)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (115,528)1,276(80,052)(92,246)(88,373)(90,272)
Comprehensive income (loss): (115,528)1,276(80,052)(92,246)(88,373)(90,272)
Comprehensive income, net of tax, attributable to noncontrolling interest 1,438     
Comprehensive income (loss), net of tax, attributable to parent: (114,090)1,276(80,052)(92,246)(88,373)(90,272)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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