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 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.88M | - | $111.01M | $118.71M | $115.70M | - | $126.70M | $123.28M | $131.10M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.84M | - | $7.77M | $7.70M | $7.54M | - | $7.90M | $8.85M | $6.36M | - |
| Total Operating Expenses | $89.07M | - | $83.88M | $89.68M | $92.02M | - | $103.09M | $101.94M | $281.51M | - |
| D&A | $38.16M | - | $39.64M | $44.73M | $49.51M | - | $51.79M | $51.79M | $49.51M | - |
| Operating Income | $15.81M | - | $27.13M | $29.03M | $23.68M | - | $23.61M | $21.34M | ($150.41M) | - |
| Interest Expense | $23.16M | - | $24.85M | $27.30M | $26.99M | - | $29.88M | $31.14M | $29.59M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($7.81M) | - | $9.98M | $1.55M | ($2.65M) | - | ($3.49M) | ($15.68M) | ($176.38M) | - |
| EPS - Basic | ($0.73) | - | - | - | - | - | - | - | ($4.44) | - |
| EPS - Diluted | ($0.62) | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $117.22M | $30.20M | $54.57M | $37.10M | $32.32M | $28.66M | $30.34M | $60.10M | $120.13M | $94.38M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.74B | $3.56B | $3.66B | $4.27B | $4.23B | $4.28B | $4.73B | $4.82B | $4.83B | $4.77B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.39B | $2.34B | $2.38B | $2.64B | $2.59B | $2.59B | $2.77B | $199.20M | $2.61B | $2.57B |
| Total Liabilities | $2.59B | $2.54B | $2.60B | $2.92B | $2.85B | $2.84B | $3.06B | $3.11B | $3.05B | $2.84B |
| Stockholders' Equity | $1.15B | $1.02B | $1.06B | $1.35B | $1.39B | $1.44B | $1.67B | $1.71B | $1.78B | $1.93B |
| Retained Earnings | ($179.81M) | ($172.00M) | ($183.56M) | ($193.54M) | ($195.09M) | ($192.45M) | ($210.22M) | ($206.72M) | ($191.04M) | ($7.24M) |
Cash Flow
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.23M | - | - | - | $48.38M | - | - | - | ($69.39M) | - |
| Investing Cash Flow | ($111.66M) | - | - | - | ($6.59M) | - | - | - | ($90.86M) | - |
| Financing Cash Flow | $171.25M | - | - | - | ($40.14M) | - | - | - | $186.79M | - |
| CapEx | $260.0K | - | $6.30M | $6.72M | $11.86M | - | $10.67M | $4.09M | - | - |
| Free Cash Flow | $27.97M | - | - | - | $36.53M | - | - | - | - | - |
Ratios
| Metric | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 15.1% | - | 24.4% | 24.5% | 20.5% | - | 18.6% | 17.3% | -114.7% | - |
| EBITDA margin | 51.5% | - | 60.1% | 62.1% | 63.3% | - | 59.5% | 59.3% | -77.0% | - |
| Net margin | -7.5% | - | 9.0% | 1.3% | -2.3% | - | -2.8% | -12.7% | -134.5% | - |
| Free cash flow margin | 26.7% | - | - | - | 31.6% | - | - | - | - | - |
| FCF / Net income | -3.58 | - | - | - | -13.80 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.5% | - | 7.0% | 6.5% | 6.5% | - | 6.2% | 7.2% | 4.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.2% | - | 0.3% | 0.0% | -0.1% | - | -0.1% | -0.3% | -3.7% | - |
| Return on equity | -0.7% | - | 0.9% | 0.1% | -0.2% | - | -0.2% | -0.9% | -9.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 2.07 | 2.29 | 2.24 | 1.95 | 1.86 | 1.80 | 1.65 | 0.12 | 1.47 | 1.33 |
| Debt / Assets | 0.64 | 0.66 | 0.65 | 0.62 | 0.61 | 0.61 | 0.58 | 0.04 | 0.54 | 0.54 |
| Debt / EBITDA | 44.26 | - | 35.71 | 35.75 | 35.36 | - | 36.68 | 2.72 | - | - |
| Interest coverage | 0.7x | - | 1.1x | 1.1x | 0.9x | - | 0.8x | 0.7x | -5.1x | - |
| Equity multiplier | 3.24 | 3.48 | 3.44 | 3.16 | 3.05 | 2.97 | 2.83 | 2.82 | 2.71 | 2.47 |
| Liabilities / Assets | 0.69 | 0.71 | 0.71 | 0.68 | 0.67 | 0.66 | 0.65 | 0.65 | 0.63 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| 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) | -9.4% | - | -12.4% | -3.7% | -11.7% | - | 5.4% | 8.3% | - | - |
| Revenue CAGR (3y) | - | - | 2.1% | 7.2% | 8.6% | - | 19.2% | 20.3% | 25.4% | - |
| Revenue CAGR (5y) | 9.5% | - | 15.7% | 21.0% | 22.6% | - | 33.4% | 38.6% | 43.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -33.2% | - | 14.9% | 36.0% | - | - | -9.5% | -13.4% | - | - |
| Net income growth (YoY) | -195.2% | - | - | - | 98.5% | - | -68.1% | -1318.1% | -7636.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -23.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.8% | -28.9% | -36.5% | -21.1% | -22.0% | -25.5% | -10.2% | -4.1% | 4.7% | 20.1% |
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.