Preferred Apartment Communities Inc (APTS) 16.59 green arrow $0.09 (0.55%) 02:28PM (15 mins delay)


APTS
$16.59    $0.09  (0.55%)

Last: $16.59 High: $16.63
Prev Close: $16.50 Low: $16.45
Open: $16.45 Mkt Cap: $359M
Change: $0.09 ( 0.55% ) 52Wk High: $15.39
Vol: 48,694 52Wk Low: $12.02
Avg Volume: 3.32M Shares: 27M
EPS: -1.93 PE Ratio: -

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Company Description

Preferred Apartment Communities, Inc. is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate multifamily properties in select-targeted markets throughout the United States. It operates through three segments: multifamily communities, retail and real estate related financing. The multifamily communities segment consists of owned residential multifamily communities. It owns approximately 20 multifamily communities with a total of over 6,140 units in over eight states. The retail segment consists of owned grocery-anchored shopping centers. The Company owns over 31 grocery-anchored centers across over seven Sunbelt states. It owns Champions Village, a Randalls-anchored shopping center. The financing segment consists of a portfolio of real estate loans, bridge loans and other financial instruments, which partially finance the development, construction and prestabilization carrying costs of multifamily communities and other real estate assets.

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