Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 0/6 |
Past Performance | 0/6 |
Financial Health | 3/6 |
Dividends | 3/6 |
APTS Stock Overview
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties.
Preferred Apartment Communities Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$25.00 |
52 Week High | US$25.80 |
52 Week Low | US$9.64 |
Beta | 0.98 |
1 Month Change | 0.24% |
3 Month Change | 0.40% |
1 Year Change | 146.06% |
3 Year Change | 71.12% |
5 Year Change | 56.64% |
Change since IPO | 153.81% |
Recent News & Updates
Shareholder Returns
APTS | US REITs | US Market | |
---|---|---|---|
7D | 0.4% | 6.5% | 6.6% |
1Y | 146.1% | -8.6% | -18.5% |
Return vs Industry: APTS exceeded the US REITs industry which returned -11.7% over the past year.
Return vs Market: APTS exceeded the US Market which returned -20.8% over the past year.
Price Volatility
APTS volatility | |
---|---|
APTS Average Weekly Movement | 0.3% |
REITs Industry Average Movement | 4.8% |
Market Average Movement | 8.0% |
10% most volatile stocks in US Market | 16.6% |
10% least volatile stocks in US Market | 3.1% |
Stable Share Price: APTS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: APTS's weekly volatility (0%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2009 | 366 | Joel Murphy | https://pacapts.com |
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans for multifamily properties. As of September 30, 2020, the Company owned or was invested in 125 properties in 15 states, predominantly in the Southeast region of the United States.
Preferred Apartment Communities Fundamentals Summary
APTS fundamental statistics | |
---|---|
Market Cap | US$1.61b |
Earnings (TTM) | -US$131.86m |
Revenue (TTM) | US$439.74m |
3.6x
P/S Ratio-12.1x
P/E RatioIs APTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
APTS income statement (TTM) | |
---|---|
Revenue | US$439.74m |
Cost of Revenue | US$144.88m |
Gross Profit | US$294.86m |
Other Expenses | US$426.72m |
Earnings | -US$131.86m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | -2.07 |
Gross Margin | 67.05% |
Net Profit Margin | -29.99% |
Debt/Equity Ratio | 206.9% |
How did APTS perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield2,168%
Payout RatioValuation
Is APTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for APTS?
Other financial metrics that can be useful for relative valuation.
What is APTS's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$1.61b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 8.8x |
Enterprise Value/EBITDA | 15.3x |
PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does APTS's PS Ratio compare to its peers?
APTS PS Ratio vs Peers |
---|
Company | PS | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 5.2x |
Price-To-Sales vs Peers: APTS is good value based on its Price-To-Sales Ratio (3.6x) compared to the peer average (5.2x).
Price to Earnings Ratio vs Industry
How does APTS's PE Ratio compare vs other companies in the U.S. REITs Industry?
Price-To-Sales vs Industry: APTS is good value based on its Price-To-Sales Ratio (3.6x) compared to the US REITs industry average (5.8x)
Price to Sales Ratio vs Fair Ratio
What is APTS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PS Ratio | 3.6x |
Fair PS Ratio | 5.1x |
Price-To-Sales vs Fair Ratio: APTS is good value based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).
Share Price vs Fair Value
What is the Fair Price of APTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: APTS ($25) is trading below our estimate of fair value ($30.5)
Significantly Below Fair Value: APTS is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate APTS's PEG Ratio to determine if it is good value.
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Future Growth
How is Preferred Apartment Communities forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
24.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APTS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: APTS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: APTS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: APTS's revenue (2.2% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: APTS's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if APTS's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Preferred Apartment Communities performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-32.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APTS is currently unprofitable.
Growing Profit Margin: APTS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: APTS is unprofitable, and losses have increased over the past 5 years at a rate of 32.9% per year.
Accelerating Growth: Unable to compare APTS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: APTS is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).
Return on Equity
High ROE: APTS has a negative Return on Equity (1.33%), as it is currently unprofitable.
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Financial Health
How is Preferred Apartment Communities's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: APTS's short term assets ($260.2M) exceed its short term liabilities ($63.5M).
Long Term Liabilities: APTS's short term assets ($260.2M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: APTS's net debt to equity ratio (196.7%) is considered high.
Reducing Debt: APTS's debt to equity ratio has increased from 154.6% to 206.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable APTS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: APTS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.5% per year.
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Dividend
What is Preferred Apartment Communities's current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APTS's dividend (2.8%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: APTS's dividend (2.8%) is low compared to the top 25% of dividend payers in the US market (4.34%).
Stability and Growth of Payments
Stable Dividend: APTS's dividend payments have been volatile in the past 10 years.
Growing Dividend: APTS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (2167.7%), APTS's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.8%), APTS's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Joel Murphy (62 yo)
2.42yrs
Tenure
US$4,135,103
Compensation
Mr. Joel T. Murphy J.D., has been Chairman of the Board at Preferred Apartment Communities, Inc. since June 2021. He has been Chief Executive Officer of Preferred Apartment Communities, Inc. since January...
CEO Compensation Analysis
Compensation vs Market: Joel's total compensation ($USD4.14M) is about average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Joel's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: APTS's management team is considered experienced (3.2 years average tenure).
Board Members
Experienced Board: APTS's board of directors are considered experienced (7.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APTS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.9%.
Top Shareholders
Company Information
Preferred Apartment Communities, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Preferred Apartment Communities, Inc.
- Ticker: APTS
- Exchange: NYSE
- Founded: 2009
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$1.606b
- Market Cap: US$1.593b
- Shares outstanding: 64.24m
- Website: https://pacapts.com
Number of Employees
Location
- Preferred Apartment Communities, Inc.
- 3284 Northside Parkway NW
- Suite 150
- Atlanta
- Georgia
- 30327
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/23 00:00 |
End of Day Share Price | 2022/06/23 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.