Preferred Apartment Communities (APTS) Misses Q3 EPS, Revenues Beat; Lowers Outlook

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Go back to Preferred Apartment Communities (APTS) Misses Q3 EPS, Revenues Beat; Lowers Outlook

Preferred Apartment Communities, Inc. Reports Results for Third Quarter Ended 2018

November 5, 2018 4:20 PM EST

ATLANTA, Nov. 5, 2018 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company" or "Preferred Apartment Communities") today reported results for the quarter ended September 30, 2018. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A Units") outstanding. See Definitions of Non-GAAP Measures.

"In the third quarter and subsequent to quarter end, we were able to capture approximately $35.5 million in realized gains on the... More