American Residential Properties (ARPI) Misses Q4 FFO by 3c
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American Residential Properties, Inc. Reports Fourth Quarter And Full Year 2014 Financial Results
March 11, 2015 4:32 PM EDTSCOTTSDALE, Ariz., March 11, 2015 /PRNewswire/ -- American Residential Properties, Inc. (NYSE: ARPI) (the "Company") reported today results for the quarter and full year ended December 31, 2014.
Fourth Quarter 2014 Highlights
Increased revenue by 7% to $25 million compared to the prior quarter. Invested $112 million to acquire 688 single-family homes, an 8% increase in homes owned compared to the prior quarter, bringing total investment in real estate to $1.3 billion. Increased the number of leased properties by 463 properties, or 7%, compared to the prior quarter. Continued strong occupancy of 92% on stabilized properties... More