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Preferred Apartment Communities Inc (APTS.N)

APTS.N on New York Stock Exchange

21.02USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Preferred Apartment Communities announces acquisition of Class A office property Texas
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Preferred Apartment Communities Inc :Preferred Apartment Communities, Inc. announces acquisition of a Class A office property in San Antonio, Texas through its wholly-owned subsidiary, Preferred Office Properties, LLC.Preferred Apartment Communities - ‍company financed acquisition utilizing a non-recourse first mortgage loan from Allianz Real Estate of America LLC​.  Full Article

Preferred Apartment Communities sees FY 2017 core FFO of $1.43/share to $1.46/share
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Preferred Apartment Communities Inc :Quarterly FFO $0.36 per weighted average basic share of common stock and unit outstanding.Quarterly core FFO $0.38 per weighted average basic share of common stock and unit outstanding.Preferred Apartment Communities, Inc. reports results for third quarter 2017.Sees FY 2017 core FFO per share $1.43 to $1.46.Sees FY 2017 revenue $285 million to $315 million.  Full Article

Preferred Apartment Communities increases qtrly common stock dividend
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Preferred Apartment Communities Inc ::Preferred Apartment Communities Inc increases quarterly common stock dividend.Preferred apartment communities inc - ‍board of directors has declared a quarterly dividend on its common stock of $0.25 per share for Q4 of 2017​.Preferred apartment communities - ‍new dividend is increase of $0.015 per share or about 6.4% over prior quarterly dividend rate​.  Full Article

Preferred Apartment Communities acquires 9-story office building
Tuesday, 30 Aug 2016 

Preferred Apartment Communities Inc : Preferred Apartment Communities Inc announces acquisition of a 9-story class A office building in Birmingham, Alabama .Financed deal using a first mortgage loan for about $32.4 million.  Full Article

Preferred Apartment Communities buys multifamily community
Thursday, 25 Aug 2016 

Preferred Apartment Communities Inc : Preferred apartment communities announces acquisition of a 290-unit multifamily community in Jacksonville, Florida . Prudential intends to assign this loan to Fannie Mae within 60 days of closing .Financed deal utilizing a first mortgage loan from Prudential multifamily mortgage for approximately $33.6 million.  Full Article

Preferred Apartment Communities enters into fourth amendment to credit agreement
Wednesday, 10 Aug 2016 

Preferred Apartment Communities Inc : On August 5, Preferred Apartment Communities Operating Partnership, L.P, co entered fourth amended credit agreement . Amendment increased availability under facility from $70 million to $135 million with ability to increase it to $300 million - SEC Filing .Fourth amended and restated credit agreement also extended the maturity date for the revolving facility.  Full Article

Preferred Apartment Communities buys 7 grocery-anchored shopping centers
Tuesday, 9 Aug 2016 

Preferred Apartment Communities Inc : Purchase price of approximately $158 million . Deals financed with first mortgage loans for aggregate amount of approximately $97.7 million, available funds .Preferred apartment communities, inc. Announces acquisition of seven grocery-anchored shopping centers.  Full Article

Preferred Apartment Communities Q2 adjusted FFO per share $0.31
Tuesday, 2 Aug 2016 

Preferred Apartment Communities Inc : Q2 FFO per share $0.18 . Q2 revenue $45.85 million versus i/b/e/s view $44.8 million . Preferred apartment communities, inc. Reports results for second quarter 2016 . Sees fy 2016 revenue $180 million to $205 million . Q2 adjusted FFO per share $0.31 .Says company currently projects nffo to be in range of $1.25 - $1.29 per share for full year 2016.  Full Article

Preferred Apartment Communities announces joint venture investment in a multifamily community in Pittsburgh, Pennsylvania
Wednesday, 6 Jul 2016 

Preferred Apartment Communities Inc : Preferred Apartment Communities Inc announces a joint venture investment in a 272-unit multifamily community in Pittsburgh, Pennsylvania . 96% equity ownership interest is held by one of its indirect, wholly-owned subsidiaries . City vista was refinanced, utilizing a mortgage loan from Jones Lang Lasalle multifamily for approximately $36.0 million .Converted portion of outstanding principal balance of real estate loan investment into about 96% equity interest in JV.  Full Article

Preferred Apartment Communities files for shelf offering
Thursday, 9 Jun 2016 

Preferred Apartment Communities Inc :Preferred Apartment Communities files for shelf offering of up to 2 million units consisting of 2 million shares of series a redeemable preferred stock,warrants.  Full Article

BRIEF-Preferred Apartment Communities announces acquisition of Class A office property Texas

* Preferred Apartment Communities, Inc. announces acquisition of a Class A office property in San Antonio, Texas through its wholly-owned subsidiary, Preferred Office Properties, LLC