Preferred Apartment Communities Inc
NYSE:APTS
Income Statement
Earnings Waterfall
Preferred Apartment Communities Inc
Revenue
|
440.3m
USD
|
Cost of Revenue
|
-121.5m
USD
|
Gross Profit
|
318.8m
USD
|
Operating Expenses
|
-219.2m
USD
|
Operating Income
|
99.6m
USD
|
Other Expenses
|
-84.3m
USD
|
Net Income
|
15.3m
USD
|
Income Statement
Preferred Apartment Communities Inc
Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
11
N/A
|
11
+6%
|
10
-13%
|
13
+35%
|
18
+36%
|
24
+31%
|
32
+36%
|
37
+16%
|
42
+12%
|
46
+11%
|
57
+22%
|
67
+18%
|
79
+18%
|
95
+21%
|
109
+15%
|
130
+19%
|
152
+17%
|
175
+16%
|
200
+14%
|
225
+12%
|
250
+11%
|
271
+9%
|
294
+8%
|
318
+8%
|
343
+8%
|
373
+9%
|
397
+7%
|
418
+5%
|
436
+4%
|
452
+4%
|
471
+4%
|
490
+4%
|
499
+2%
|
506
+1%
|
502
-1%
|
487
-3%
|
482
-1%
|
467
-3%
|
451
-3%
|
440
-2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(11)
|
(14)
|
(18)
|
(21)
|
(26)
|
(31)
|
(36)
|
(42)
|
(47)
|
(52)
|
(57)
|
(61)
|
(66)
|
(71)
|
(79)
|
(86)
|
(91)
|
(96)
|
(100)
|
(103)
|
(112)
|
(121)
|
(128)
|
(133)
|
(132)
|
(129)
|
(123)
|
(122)
|
(122)
|
|
Gross Profit |
8
N/A
|
9
+10%
|
8
-9%
|
11
+35%
|
15
+35%
|
20
+30%
|
27
+36%
|
31
+18%
|
36
+13%
|
40
+12%
|
48
+21%
|
56
+16%
|
64
+16%
|
77
+20%
|
89
+14%
|
104
+17%
|
121
+16%
|
139
+16%
|
159
+14%
|
178
+12%
|
198
+11%
|
214
+8%
|
233
+9%
|
252
+8%
|
273
+8%
|
294
+8%
|
311
+6%
|
328
+5%
|
340
+4%
|
352
+3%
|
367
+4%
|
377
+3%
|
379
+0%
|
377
0%
|
369
-2%
|
355
-4%
|
353
-1%
|
343
-3%
|
329
-4%
|
319
-3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(8)
|
(7)
|
(11)
|
(15)
|
(19)
|
(23)
|
(22)
|
(21)
|
(22)
|
(29)
|
(36)
|
(42)
|
(53)
|
(60)
|
(72)
|
(88)
|
(103)
|
(120)
|
(133)
|
(148)
|
(158)
|
(173)
|
(192)
|
(209)
|
(232)
|
(241)
|
(248)
|
(253)
|
(254)
|
(267)
|
(452)
|
(456)
|
(458)
|
(449)
|
(268)
|
(252)
|
(238)
|
(226)
|
(219)
|
|
Selling, General & Administrative |
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(12)
|
(14)
|
(16)
|
(19)
|
(22)
|
(27)
|
(32)
|
(37)
|
(42)
|
(46)
|
(50)
|
(53)
|
(57)
|
(60)
|
(63)
|
(67)
|
(67)
|
(70)
|
(71)
|
(74)
|
(80)
|
(255)
|
(253)
|
(249)
|
(241)
|
(62)
|
(60)
|
(58)
|
(56)
|
(57)
|
|
Depreciation & Amortization |
(7)
|
(5)
|
0
|
(6)
|
(10)
|
(13)
|
(15)
|
(14)
|
(12)
|
(11)
|
(16)
|
(22)
|
(27)
|
(34)
|
(38)
|
(45)
|
(56)
|
(67)
|
(78)
|
(88)
|
(98)
|
(105)
|
(117)
|
(133)
|
(146)
|
(162)
|
(171)
|
(176)
|
(179)
|
(181)
|
(185)
|
(189)
|
(195)
|
(201)
|
(202)
|
(198)
|
(191)
|
(179)
|
(169)
|
(162)
|
|
Other Operating Expenses |
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
1
|
(2)
|
(7)
|
(8)
|
(7)
|
(6)
|
(8)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Operating Income |
(2)
N/A
|
1
N/A
|
2
+78%
|
1
-63%
|
(0)
N/A
|
0
N/A
|
3
+1 033%
|
9
+165%
|
14
+57%
|
18
+28%
|
20
+8%
|
20
+1%
|
22
+13%
|
24
+9%
|
28
+16%
|
32
+13%
|
33
+4%
|
36
+11%
|
39
+7%
|
45
+15%
|
50
+12%
|
56
+12%
|
59
+6%
|
60
+1%
|
63
+6%
|
62
-2%
|
70
+13%
|
80
+13%
|
87
+10%
|
98
+12%
|
100
+2%
|
(75)
N/A
|
(78)
-4%
|
(80)
-3%
|
(80)
+0%
|
87
N/A
|
101
+16%
|
105
+4%
|
103
-3%
|
100
-3%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(10)
|
(13)
|
(16)
|
(19)
|
(21)
|
(26)
|
(31)
|
(37)
|
(44)
|
(50)
|
(57)
|
(62)
|
(68)
|
(74)
|
(79)
|
(88)
|
(96)
|
(101)
|
(107)
|
(110)
|
(112)
|
(115)
|
(118)
|
(116)
|
(118)
|
(115)
|
(111)
|
(110)
|
(102)
|
(99)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(7)
|
(7)
|
(8)
|
(10)
|
(7)
|
(9)
|
(11)
|
(12)
|
(10)
|
(9)
|
(6)
|
(4)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(6)
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
(5)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
31
|
38
|
38
|
38
|
27
|
20
|
39
|
70
|
49
|
50
|
31
|
3
|
3
|
2
|
2
|
23
|
23
|
0
|
31
|
20
|
20
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
4
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
0
|
1
|
1
|
0
|
0
|
23
|
0
|
0
|
0
|
|
Pre-Tax Income |
(5)
N/A
|
(2)
+63%
|
(1)
+72%
|
(3)
-540%
|
(6)
-75%
|
(6)
-2%
|
(4)
+26%
|
2
N/A
|
7
+278%
|
4
-47%
|
2
-42%
|
(2)
N/A
|
(4)
-133%
|
(2)
+43%
|
(3)
-25%
|
(5)
-104%
|
(5)
-4%
|
(6)
-19%
|
(10)
-57%
|
24
N/A
|
27
+13%
|
29
+10%
|
29
-2%
|
13
-55%
|
4
-67%
|
13
+195%
|
45
+251%
|
28
-37%
|
32
+13%
|
21
-33%
|
(8)
N/A
|
(185)
-2 363%
|
(199)
-8%
|
(201)
-1%
|
(182)
+9%
|
(5)
+97%
|
13
N/A
|
26
+107%
|
21
-22%
|
15
-25%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(5)
|
(2)
|
(1)
|
(3)
|
(6)
|
(6)
|
(4)
|
2
|
7
|
4
|
2
|
(2)
|
(4)
|
(2)
|
(3)
|
(5)
|
(5)
|
(6)
|
(10)
|
24
|
27
|
29
|
29
|
13
|
4
|
13
|
45
|
28
|
32
|
21
|
(8)
|
(185)
|
(199)
|
(201)
|
(182)
|
(5)
|
13
|
26
|
21
|
15
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
4
|
4
|
4
|
4
|
1
|
1
|
0
|
(0)
|
(0)
|
|
Net Income (Common) |
(5)
N/A
|
(2)
+63%
|
(0)
+89%
|
(3)
-1 300%
|
(5)
-86%
|
(5)
N/A
|
(4)
+23%
|
2
N/A
|
7
+263%
|
4
-48%
|
2
-42%
|
(2)
N/A
|
(4)
-133%
|
(2)
+43%
|
(3)
-25%
|
(5)
-100%
|
(5)
-4%
|
(6)
-17%
|
(10)
-56%
|
23
N/A
|
26
+13%
|
29
+10%
|
28
-3%
|
13
-55%
|
4
-66%
|
12
+193%
|
44
+254%
|
27
-38%
|
31
+15%
|
21
-33%
|
(7)
N/A
|
(181)
-2 378%
|
(196)
-8%
|
(197)
-1%
|
(178)
+10%
|
(4)
+98%
|
13
N/A
|
27
+102%
|
20
-23%
|
15
-25%
|
|
EPS (Diluted) |
-0.91
N/A
|
-0.35
+62%
|
-0.04
+89%
|
-0.53
-1 225%
|
-0.63
-19%
|
-0.47
+25%
|
-0.3
+36%
|
0.12
N/A
|
0.42
+250%
|
0.2
-52%
|
0.1
-50%
|
-0.07
N/A
|
-0.16
-129%
|
-0.09
+44%
|
-0.11
-22%
|
-0.22
-100%
|
-0.21
+5%
|
-0.25
-19%
|
-0.38
-52%
|
0.85
N/A
|
0.7
-18%
|
0.85
+21%
|
0.74
-13%
|
0.32
-57%
|
0.11
-66%
|
0.31
+182%
|
1.05
+239%
|
0.63
-40%
|
0.7
+11%
|
0.46
-34%
|
-0.16
N/A
|
-3.84
-2 300%
|
-4.06
-6%
|
-3.96
+2%
|
-3.56
+10%
|
-0.08
+98%
|
0.26
N/A
|
0.51
+96%
|
0.39
-24%
|
0.27
-31%
|