APTS · Preferred Apartment Communities Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|
| Revenue | $451.14M | $502.20M | $470.43M | $397.27M | $200.12M | $109.31M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $29.14M | $30.81M | $8.54M | $8.22M | $4.56M | $2.29M |
| Total Operating Expenses | $348.63M | $582.23M | $370.19M | $327.19M | $169.95M | $90.42M |
| D&A | $169.19M | $201.68M | $185.06M | $171.14M | $78.14M | $38.10M |
| Operating Income | $122.96M | ($56.89M) | $101.81M | $139.78M | $30.17M | $18.89M |
| Interest Expense | $102.41M | $118.56M | $111.96M | $95.56M | $44.28M | $21.32M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $20.45M | ($177.79M) | ($7.24M) | $43.47M | ($9.53M) | ($2.40M) |
| EPS - Basic | ($2.59) | ($6.95) | ($2.73) | ($1.08) | ($2.11) | ($0.95) |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.20M | $28.66M | $94.38M | $38.96M | $12.32M | $2.44M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $3.56B | $4.28B | $4.77B | $4.41B | $2.42B | $1.30B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.34B | $2.59B | $2.57B | $2.30B | $1.31B | $688.85M |
| Total Liabilities | $2.54B | $2.84B | $2.84B | $2.80B | $1.54B | $770.08M |
| Stockholders' Equity | $1.02B | $1.44B | $1.93B | $1.61B | $883.78M | $522.98M |
| Retained Earnings | ($172.00M) | ($192.45M) | ($7.24M) | $0 | ($23.23M) | ($13.70M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $182.04M | $47.89M | $145.63M | $145.38M | $61.66M | $35.22M |
| Investing Cash Flow | $74.03M | $244.13M | ($661.06M) | ($881.80M) | ($1.13B) | ($533.51M) |
| Financing Cash Flow | ($268.91M) | ($353.55M) | $564.99M | $751.10M | $1.07B | $497.62M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 27.3% | -11.3% | 21.6% | 35.2% | 15.1% | 17.3% |
| EBITDA margin | 64.8% | 28.8% | 61.0% | 78.3% | 54.1% | 52.1% |
| Net margin | 4.5% | -35.4% | -1.5% | 10.9% | -4.8% | -2.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.5% | 6.1% | 1.8% | 2.1% | 2.3% | 2.1% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 0.6% | -4.2% | -0.2% | 1.0% | -0.4% | -0.2% |
| Return on equity | 2.0% | -12.3% | -0.4% | 2.7% | -1.1% | -0.5% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 2.29 | 1.80 | 1.33 | 1.43 | 1.48 | 1.32 |
| Debt / Assets | 0.66 | 0.61 | 0.54 | 0.52 | 0.54 | 0.53 |
| Debt / EBITDA | 8.02 | 17.92 | 8.95 | 7.40 | 12.06 | 12.09 |
| Interest coverage | 1.2x | -0.5x | 0.9x | 1.5x | 0.7x | 0.9x |
| Equity multiplier | 3.48 | 2.97 | 2.47 | 2.74 | 2.74 | 2.48 |
| Liabilities / Assets | 0.71 | 0.66 | 0.59 | 0.64 | 0.63 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.13 | 0.12 | 0.10 | 0.09 | 0.08 | 0.08 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.2% | 6.8% | 18.4% | - | 83.1% | 93.3% |
| Revenue CAGR (3y) | 4.3% | - | 33.0% | 53.7% | 91.4% | 106.1% |
| Revenue CAGR (5y) | 17.7% | 35.7% | 52.8% | 69.3% | 94.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -27.2% | - | 59.7% | 53.4% |
| Net income growth (YoY) | - | -2354.3% | - | - | -297.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -28.9% | -25.5% | 20.1% | - | 69.0% | 80.7% |
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing PREFERRED APARTMENT COMMUNITIES INC against the 5 most active filers in the same SIC group.