Preferred Apartment Communities (and More)
APTS listed shares on March 31, 2011 and it took time for the company to gain traction, shares began trading above $10.00 in January 2015.
APTS has a market capitalization of just under $500 million, and Total assets are over $3.5 Billion (includes projected of $1 Billion). As you can see (below), assets have grown significantly since 2011:
The Total portfolio (as of Q1-17) consists of $2.54 billion of assets consisting of 27 multi-family properties (8,276 units), 26 loans ($398 million), and 32 shopping centers (3.375 million square feet), and 2 office buildings. Here's a snapshot of APTS operations and loan portfolio:
As you see, APTS owns a combination of apartments, shopping centers, and office, and as the name suggests - Preferred Apartments - the primary revenue generator for the REIT is multifamily.
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