Preferred Apartment Communities, Inc. (APTS) Financial Statements (2024 and earlier)
Company Profile
Business Address |
3284 NORTHSIDE PARKWAY NW ATLANTA, GA 30327 |
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)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 54,568 | 37,105 | 32,322 | 28,657 | 30,337 | ||||
Cash and cash equivalents | 54,568 | 37,105 | 32,322 | 28,657 | 30,337 | ||||
Receivables | 9,011 | 9,011 | 9,011 | 9,011 | 9,011 | ||||
Deferred costs | 8,452 | 7,516 | 6,560 | 21,442 | 21,043 | ||||
Total current assets: | 72,031 | 53,632 | 47,893 | 59,110 | 60,391 | ||||
Noncurrent Assets | |||||||||
Property, plant and equipment | 911,125 | 931,294 | 913,504 | 912,007 | 1,014,296 | ||||
Long-term investments and receivables | 6,101 | 6,288 | 6,463 | 6,851 | |||||
Long-term investments | 6,101 | 6,288 | 6,463 | 6,851 | |||||
Intangible assets, net (including goodwill) | 67,897 | 110,656 | 118,388 | 127,138 | 133,297 | ||||
Intangible assets, net (excluding goodwill) | 67,897 | 110,656 | 118,388 | 127,138 | 133,297 | ||||
Regulated entity, other noncurrent assets | 2,000 | 2,100 | 400 | 800 | |||||
Total noncurrent assets: | 987,123 | 1,050,338 | 1,038,755 | 1,039,145 | 1,155,244 | ||||
Other undisclosed assets | 2,599,881 | 3,166,229 | 3,148,320 | 3,182,824 | 3,515,427 | ||||
TOTAL ASSETS: | 3,659,035 | 4,270,199 | 4,234,968 | 4,281,079 | 4,731,062 | ||||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 6,638 | 7,825 | 7,997 | 7,877 | 8,538 | ||||
Interest and dividends payable | 6,638 | 7,825 | 7,997 | 7,877 | 8,538 | ||||
Debt | 36,855 | 139,788 | 133,360 | 125,745 | 44,152 | ||||
Total current liabilities: | 43,493 | 147,613 | 141,357 | 133,622 | 52,690 | ||||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 2,555,448 | 2,772,206 | 2,706,758 | 2,709,009 | 3,007,514 | ||||
Total liabilities: | 2,598,941 | 2,919,819 | 2,848,115 | 2,842,631 | 3,060,204 | ||||
Equity | |||||||||
Equity, attributable to parent, including: | 1,062,623 | 1,350,662 | 1,387,620 | 1,439,719 | 1,672,451 | ||||
Common stock | 529 | 517 | 501 | 500 | 499 | ||||
Additional paid in capital | 1,245,640 | 1,543,665 | 1,582,193 | 1,631,646 | 1,882,149 | ||||
Accumulated deficit | (183,562) | (193,539) | (195,093) | (192,446) | (210,218) | ||||
Other undisclosed equity, attributable to parent | 16 | 19 | 19 | 19 | 21 | ||||
Equity, attributable to noncontrolling interest | (2,529) | (282) | (767) | (1,271) | (1,593) | ||||
Total equity: | 1,060,094 | 1,350,380 | 1,386,853 | 1,438,448 | 1,670,858 | ||||
TOTAL LIABILITIES AND EQUITY: | 3,659,035 | 4,270,199 | 4,234,968 | 4,281,079 | 4,731,062 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
---|---|---|---|---|---|---|---|---|
Other undisclosed income before gain (loss) on sale of properties | ✕ | ✕ | ✕ | ✕ | ✕ | 101,573 | ✕ | |
Revenues | (345,418) | 111,012 | 118,706 | 115,700 | 121,121 | 126,697 | ||
Cost of revenue | (265) | (2,273) | 2,153 | |||||
Provision for loan, lease, and other losses | (265) | (1,044) | ||||||
Deferred sales inducement cost, amortization expense | (1,229) | |||||||
Gross profit: | 110,747 | 118,706 | 113,427 | 123,274 | 126,697 | |||
Operating expenses | (83,883) | (89,678) | (92,022) | (95,689) | (103,092) | |||
Other operating expense, net (Other Expenses) | (242) | (240) | (245) | (288) | (577) | |||
Other undisclosed operating income | 507 | 240 | 2,518 | 21,277 | 577 | |||
Operating income: | 27,129 | 29,028 | 23,678 | 48,574 | 23,605 | |||
Interest and debt expense | (24,847) | (27,296) | (26,991) | (27,950) | (30,397) | |||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 7,743 | (175) | 604 | (3,152) | 3,190 | |||
Income (loss) from continuing operations: | 10,025 | 1,557 | (2,709) | 17,472 | (3,602) | |||
Income (loss) before gain (loss) on sale of properties: | ✕ | 10,025 | 1,557 | (2,709) | 119,045 | (3,602) | ||
Other undisclosed net income (loss) | 24,859 | 27,296 | 26,991 | (198,327) | 30,348 | |||
Net income (loss): | 34,884 | 28,853 | 24,282 | (79,282) | 26,746 | |||
Net income (loss) attributable to noncontrolling interest | 48 | 3 | (62) | (108) | ||||
Other undisclosed net income (loss) attributable to parent | (24,955) | (27,302) | (26,867) | 97,054 | (30,132) | |||
Net income (loss) attributable to parent: | 9,977 | 1,554 | (2,647) | 17,772 | (3,494) | |||
Preferred stock dividends and other adjustments | (160,908) | |||||||
Other undisclosed net income (loss) available to common stockholders, basic | (57,976) | (34,121) | (33,962) | 104,505 | (36,005) | |||
Net loss available to common stockholders, diluted: | (47,999) | (32,567) | (36,609) | (38,631) | (39,499) |
Comprehensive Income ($ in thousands)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 34,884 | 28,853 | 24,282 | (79,282) | 26,746 | |||
Comprehensive income (loss): | 34,884 | 28,853 | 24,282 | (79,282) | 26,746 | |||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 48 | 3 | (62) | (108) | ||||
Other undisclosed comprehensive income, net of tax, attributable to parent | 3,515 | |||||||
Comprehensive income (loss), net of tax, attributable to parent: | 34,932 | 28,856 | 24,220 | (75,767) | 26,638 |
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.