Preferred Apartment Communities (APTS) Reports Q1 FFO of $0.32

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Preferred Apartment Communities, Inc. Reports Results for First Quarter 2019

April 29, 2019 4:30 PM EDT

ATLANTA, April 29, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company" or "Preferred Apartment Communities") today reported results for the quarter ended March 31, 2019. 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.

"We are very pleased with our first quarter financial results and, in particular, with our multifamily same store NOI growth. We expect 2019 to be... More