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Preferred Apartment Communities Inc (APTS) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Preferred Apartment Communities Inc (APTS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Preferred Apartment Communities Inc acquires and operates multifamily properties in select targeted markets throughout the United States. Its business segments are multifamily communities, real estate related financing, and retail. Preferred Apartment Communities Inc has a market cap of $637.080 million; its shares were traded at around $15.25 with and P/S ratio of 1.53. The dividend yield of Preferred Apartment Communities Inc stocks is 6.69%. Preferred Apartment Communities Inc had annual average EBITDA growth of 39.60% over the past five years.


For the last quarter Preferred Apartment Communities Inc reported a revenue of $106.3 million, compared with the revenue of $81.65 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $397.3 million, an increase of 35.1% from last year. For the last five years Preferred Apartment Communities Inc had an average revenue growth rate of 70.7% a year.

The reported loss per diluted share was $1.08 for the year, compared with the loss per share of $0.31 in the previous year. The Preferred Apartment Communities Inc had a decent operating margin of 17.64%, compared with the operating margin of 19.62% a year before. The 10-year historical median operating margin of Preferred Apartment Communities Inc is 22.50%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Preferred Apartment Communities Inc has the cash and cash equivalents of $39.0 million, compared with $21.0 million in the previous year. The long term debt was $2.4 billion, compared with $1.8 billion in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Preferred Apartment Communities Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $15.25, Preferred Apartment Communities Inc is traded at 37.4% discount to its historical median P/S valuation band of $24.38. The P/S ratio of the stock is 1.53, while the historical median P/S ratio is 2.47. The stock gained 16.73% during the past 12 months.

For the complete 20-year historical financial data of APTS, click here.

This article first appeared on GuruFocus.