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Preferred Apartment Communities Management

Management criteria checks 4/4

Key information

Joel Murphy

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage	16.9%
CEO tenure	2.4yrs
CEO ownership	n/a
Management average tenure	3.2yrs
Board average tenure	7.2yrs

Recent management updates

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Mar 18

Recent updates

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Feb 21

Preferred Apartment: Huge Portfolio Restructuring Can Bear Fruit For Investors

Jan 06

Preferred Apartment Communities: You Have To Buy A Lot Of 'Rough' To Get The Diamond

Oct 15

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Mar 18

Reflecting on Preferred Apartment Communities' (NYSE:APTS) Share Price Returns Over The Last Three Years

Feb 11

CEO Compensation Analysis

How has Joel Murphy's remuneration changed compared to Preferred Apartment Communities's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2022	n/a	n/a	-US$132m
Dec 31 2021	US$4m	US$700k	-US$133m
Sep 30 2021	n/a	n/a	-US$156m
Jun 30 2021	n/a	n/a	-US$147m
Mar 31 2021	n/a	n/a	-US$166m
Dec 31 2020	US$5m	US$699k	-US$339m
Sep 30 2020	n/a	n/a	-US$333m
Jun 30 2020	n/a	n/a	-US$325m
Mar 31 2020	n/a	n/a	-US$302m
Dec 31 2019	US$2m	US$840k	-US$121m
Sep 30 2019	n/a	n/a	-US$86m
Jun 30 2019	n/a	n/a	-US$69m
Mar 31 2019	n/a	n/a	-US$66m
Dec 31 2018	US$1m	US$640k	-US$43m
Sep 30 2018	n/a	n/a	-US$68m
Jun 30 2018	n/a	n/a	-US$70m
Mar 31 2018	n/a	n/a	-US$56m
Dec 31 2017	US$1m	US$550k	-US$36m
Sep 30 2017	n/a	n/a	-US$30m
Jun 30 2017	n/a	n/a	-US$28m
Mar 31 2017	n/a	n/a	-US$25m
Dec 31 2016	US$744k	US$500k	-US$51m
Sep 30 2016	n/a	n/a	-US$41m
Jun 30 2016	n/a	n/a	-US$34m
Mar 31 2016	n/a	n/a	-US$28m
Dec 31 2015	US$698k	US$413k	-US$21m

Compensation vs Market: Joel's total compensation ($USD4.14M) is about average for companies of similar size in the US market ($USD5.48M).

Compensation vs Earnings: Joel's compensation has been consistent with company performance over the past year.

CEO

Joel Murphy (62 yo)

2.4yrs

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...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joel Murphy	Chairman of the Board	2.4yrs	US$4.14m	no data
John Isakson	CFO & Executive VP	3.9yrs	US$1.90m	0% $ 0
Michael Cronin	Executive VP	12.8yrs	US$895.19k	0% $ 0
Jeffery Sherman	President of Multifamily	no data	US$1.10m	0% $ 0
Michael Aide	President of Grocery Anchored Retail	2.4yrs	US$965.47k	0% $ 0
Paul Cullen	Executive Vice President of Investor Relations	2.4yrs	no data	no data
Jeffrey Sprain	Executive VP	13.4yrs	US$497.10k	0% $ 0
William Forth	Executive VP & Chief Asset Management Officer of Multifamily	6.4yrs	no data	no data
Kimberly Hodge	Executive VP & Chief Property Management Officer of Multifamily	4.4yrs	no data	no data
William Barkwell	Chief Operating Officer of Preferred Campus Management	no data	no data	no data
Stephanie Hart	Executive VP & COO of Grocery Anchored Retail	2.4yrs	no data	no data
Jared Seff	Senior VP	1.4yrs	no data	no data

3.2yrs

Average Tenure

49.5yo

Average Age

Experienced Management: APTS's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joel Murphy	Chairman of the Board	3.1yrs	US$4.14m	no data
Howard McLure	Lead Independent Director	11.3yrs	US$150.83k	0% $ 0
Sara Finley	Independent Director	3.1yrs	US$140.17k	0% $ 0
Timothy Peterson	Independent Director	11.3yrs	US$140.00k	0% $ 0
Gary Coursey	Independent Director	11.5yrs	US$120.00k	0% $ 0
Steve Bartkowski	Independent Director	11.3yrs	US$143.33k	0.15% $ 2.5m
John Cannon	Independent Director	2.1yrs	US$120.00k	0% $ 0
Daphne N. Jackson	Independent Director	less than a year	US$38.14k	0% $ 0

7.2yrs

Average Tenure

61yo

Average Age

Experienced Board: APTS's board of directors are considered experienced (7.2 years average tenure).

This company has been acquired

Preferred Apartment Communities Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently bought US$53k worth of stock

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Recent updates

Blackstone Real Estate Income Trust, Inc. (BREIT) completed the acquisition of Preferred Apartment Communities, Inc. (NYSE:APTS).

Preferred Apartment Communities Common Stock No Longer Be Listed on the New York Stock Exchange

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Preferred Apartment Communities, Inc. Provides Dividend Guidance for the First Quarter of 2022

Price target increased to US$17.60

Preferred Apartment Communities, Inc. to Report Q4, 2021 Results on Feb 28, 2022

Price target increased to US$16.40

Price target increased to US$15.80

Preferred Apartment: Huge Portfolio Restructuring Can Bear Fruit For Investors

Upcoming dividend of US$0.17 per share

Price target increased to US$13.67

Third quarter 2021 earnings released: US$0.32 FFO loss per share (vs US$0.18 profit in 3Q 2020)

Preferred Apartment Communities: You Have To Buy A Lot Of 'Rough' To Get The Diamond

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Kingson, 240 Unit Class A Multifamily Community in Fredericksburg, Virginia.

Northwood Investors LLC completed the acquisition of Armour Yards Portfolio from Preferred Apartment Communities, Inc. (NYSE:APTS).

Upcoming dividend of US$0.17 per share

Consensus forecasts updated

Price target increased to US$11.80

Second quarter 2021 earnings released: US$0.65 loss per share (vs US$1.06 loss in 2Q 2020)

An unknown buyer acquired Vineyards, a 369-unit multifamily community located in Houston, Texas from Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Ellison multifamily community in Kennesaw, Georgia.

Consensus forecasts updated

Independent Director recently bought US$53k worth of stock

Upcoming dividend of US$0.17 per share

Executive Chairman Daniel DuPree has left the company

First quarter 2021 earnings released: FFO US$0.16 per share (vs US$3.61 loss in 1Q 2020)

Preferred Apartment Communities, Inc. Declares Quarterly Dividend , Payable on July 15, 2021

Price target increased to US$10.20

Consensus EPS estimates fall to -US$3.28

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Analysts update estimates

Full year 2020 earnings released: US$6.95 loss per share (vs US$2.73 loss in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day high: US$8.62

Reflecting on Preferred Apartment Communities' (NYSE:APTS) Share Price Returns Over The Last Three Years

Preferred Apartment Communities, Inc. to Report Q4, 2020 Results on Mar 01, 2021

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Menlo.

Preferred Apartment sums up November, December capital actions

Freddie apartment investment market index rebounds in Q3

Preferred Apartment Communities goes ex-dividend on Monday

Bipartisan relief plan includes extended eviction moratorium, rental aid

Preferred Apartment Communities: The Riskiest Bet On Apartments

Preferred Apartment to redeem $208.8M of preferred stock

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Blake in Orlando, Florida.

Third quarter 2020 earnings released: FFO US$0.18 per share

Revenue and earnings beat expectations

Preferred Apartment +1.5% after Q3 results beat, rise from Q2

TPG Real Estate Partners Investments LLC completed the acquisition of portfolio of eight student housing communities from Preferred Apartment Communities, Inc. (NYSE:APTS).

Preferred Apartment Communities, Inc. to Report Q3, 2020 Results on Nov 09, 2020

Analysts update estimates

Price target lowered to US$7.20

TPG Real Estate Partners Investments LLC entered into a purchase and sale agreement to acquire portfolio of eight student housing communities from Preferred Apartment Communities, Inc. (NYSE:APTS) for approximately $480 million.

New 90-day low - US$6.44

Upcoming Dividend of US$0.17 Per Share

New 90-day low - US$6.92

First half earnings released

Price target lowered to US$8.10

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired Parkside at the Beach.

Preferred Apartment Communities, Inc. to Report Q2, 2020 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age