PREFERRED APARTMENT COMMUNITIES INC
Real Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $451.1M | $501.2M | $11.8M | $8.2M | $5.0M | $200.1M |
| Operating income | $123.0M | −$56.9M | $101.8M | $139.8M | $97.0M | $34.4M |
| Net income | $20.4M | −$177.8M | −$7.2M | $43.5M | $27.7M | −$9.5M |
| Total assets | $3.56B | $4.28B | $4.77B | $4.41B | $3.25B | $2.42B |
| Total liabilities | $2.54B | $2.84B | $2.84B | $2.80B | $1.97B | $1.54B |
| Equity | $1.02B | $1.44B | $1.93B | $1.61B | $1.28B | $883.8M |
| EPS (diluted) | $-2.59 | $-6.95 | $-0.66 | $-0.14 | $0.54 | $-0.49 |
| Shares out. | 50.0M | 47.3M | 42.9M | 41.8M | 27.0M | 22.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- 27.3%
- Net margin
- 4.5%
- Return on equity
- 2.0%
- Return on assets
- 0.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 71.3%
- Debt / equity
- 2.48×
- Book value / share
- $20.49
- Revenue growth (YoY)
- −10.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Accruals / assets
- −4.5%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 3 good- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Other material eventJun 23, 2022
- Shareholder vote · Other material eventJun 17, 2022
- Shareholder voteJun 10, 2022
- Other material eventJun 8, 2022
- Other material eventJun 7, 2022
- Other material eventMay 27, 2022
- Entered a material agreement · Other material eventMay 25, 2022
- Results of operationsMay 9, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.