American Residential Properties (ARPI) Tops Q1 FFO by 1c/Share
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American Residential Properties, Inc. Reports First Quarter 2015 Financial Results
May 6, 2015 5:08 PM EDTSCOTTSDALE, Ariz., May 6, 2015 /PRNewswire/ -- American Residential Properties, Inc. (NYSE: ARPI) (the "Company") today reported its results for the quarter ended March 31, 2015.
First Quarter 2015 Highlights
Increased the leased rate on the total portfolio to 89%, up from 81% as of year-end. Reached a leased rate of 93% on stabilized properties, up from 92% as of year-end. Increased total leased properties by 867 homes, producing a 12% increase in the number of leased properties compared to the prior quarter. Achieved rent increases averaging 3.8% on renewals with an overall... More