Of note is the ratio of Preferred Apartment Communities Inc's sales and general administrative expense to its total operating expenses; merely 5.15% of US stocks have a lower such ratio.
In terms of twelve month growth in earnings before interest and taxes, Preferred Apartment Communities Inc is reporting a growth rate of -151.54%; that's higher than just 10.77% of US stocks.
Preferred Apartment Communities Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -214.56%, greater than the shareholder yield of only 1.98% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Preferred Apartment Communities Inc, a group of peers worth examining would be GLOP, VNOM, WES, EURN, and ENBL.
APTS's SEC filings can be seen here. And to visit Preferred Apartment Communities Inc's official web site, go to pacapts.com.
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on May 14, 2020 it closed on a loan investment of up to approximately $10.0 million in connection with TDK Development's plans to develop Vintage Jones Franklin, a 277-unit, mid-rise surface parked Class A multifamily community located in Raleigh, North Carolina, expected to deliver first units in fall 2021. The loan investment has an outside maturity date of May 14, 2025, co-terminus with the construction loan.
Thank you for joining us this morning, and welcome to Preferred Apartment Communities first quarter 2020 earnings call. In a moment, I'll turn the call over to Joel Murphy, our Chief Executive Officer, to share some initial thoughts.
Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of 6.90% and 4.57%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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