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15.7 (1y: +3%)
Market Cap 810.27 M P/E(ttm) 17.20
Enterprise Value 1.47 B P/B 2.00
AEC- NYSE (USA)
Associated Estates Realty Corp.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$15.70
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.007
AEC's Cash to Debt is ranked higher than
50% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.02 vs. AEC: 0.007 )
AEC' s 10-Year Cash to Debt Range
Min: 0   Max: 0.11
Current: 0.01
0
0.11
Equity to Asset 0.344
AEC's Equity to Asset is ranked higher than
56% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.40 vs. AEC: 0.344 )
AEC' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.34
Current: 0.34
0.13
0.34
Interest Coverage 1.1
AEC's Interest Coverage is ranked higher than
62% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. AEC: 1.1 )
AEC' s 10-Year Interest Coverage Range
Min: 1   Max: 1
Current: 1.1
F-Score: 6
Z-Score: 0.46
M-Score: 3.92
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 19.20
AEC's Operating margin (%) is ranked higher than
60% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 25.90 vs. AEC: 19.20 )
AEC' s 10-Year Operating margin (%) Range
Min: 12.6   Max: 26.7
Current: 19.2
12.6
26.7
Net-margin (%) 17.5
AEC's Net-margin (%) is ranked higher than
64% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.40 vs. AEC: 17.5 )
AEC' s 10-Year Net-margin (%) Range
Min: -6.9   Max: 25.7
Current: 17.5
-6.9
25.7
ROE (%) 7.6
AEC's ROE (%) is ranked higher than
75% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.60 vs. AEC: 7.6 )
AEC' s 10-Year ROE (%) Range
Min: -9   Max: 33.2
Current: 7.6
-9
33.2
ROA (%) 2.6
AEC's ROA (%) is ranked higher than
70% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.90 vs. AEC: 2.6 )
AEC' s 10-Year ROA (%) Range
Min: -1.5   Max: 5
Current: 2.6
-1.5
5
ROC (Joel Greenblatt) (%) 3.10
AEC's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: 3.10 )
AEC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.3   Max: 5.9
Current: 3.1
2.3
5.9
Revenue Growth (%) -16.9
AEC's Revenue Growth (%) is ranked lower than
72% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: -16.9 )
AEC' s 10-Year Revenue Growth (%) Range
Min: -16.9   Max: 3.9
Current: -16.9
-16.9
3.9
EBITDA Growth (%) -15
AEC's EBITDA Growth (%) is ranked lower than
70% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: -15 )
AEC' s 10-Year EBITDA Growth (%) Range
Min: -17   Max: 3.7
Current: -15
-17
3.7
EPS Growth (%) 60.3
AEC's EPS Growth (%) is ranked higher than
98% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: 60.3 )
AEC' s 10-Year EPS Growth (%) Range
Min: -49.4   Max: 130.7
Current: 60.3
-49.4
130.7
ยป AEC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

AEC Guru Trades in Q2 2012

Bill Frels 27,400 sh (New)
Paul Tudor Jones 50,000 sh (New)
Manning & Napier Advisors, Inc 301,048 sh (+159.04%)
Jim Simons 271,500 sh (+88.15%)
Columbia Wanger 5,029,400 sh (-1.18%)
» More
Q3 2012

AEC Guru Trades in Q3 2012

Scott Black 11,710 sh (New)
Manning & Napier Advisors, Inc 503,548 sh (+67.27%)
Bill Frels 30,600 sh (+11.68%)
Paul Tudor Jones Sold Out
Columbia Wanger 5,024,400 sh (-0.1%)
Jim Simons 24,500 sh (-90.98%)
» More
Q4 2012

AEC Guru Trades in Q4 2012

Scott Black 27,310 sh (+133.22%)
Manning & Napier Advisors, Inc 504,948 sh (+0.28%)
Bill Frels 30,600 sh (unchged)
Jim Simons Sold Out
Columbia Wanger 3,931,700 sh (-21.75%)
» More
Q1 2013

AEC Guru Trades in Q1 2013

David Dreman 343,333 sh (New)
Scott Black 68,085 sh (+149.3%)
Manning & Napier Advisors, Inc 509,828 sh (+0.97%)
Columbia Wanger 3,837,700 sh (-2.39%)
Bill Frels 21,600 sh (-29.41%)
» More
» Details

Insider Trades

Latest Guru Trades with AEC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2013-03-31 New Buy0.17%$15.89 - $18.65 $ 15.7-8%343333
Scott Black 2013-03-31 Add 149.3%0.1%$15.89 - $18.65 $ 15.7-8%68085
Scott Black 2012-12-31 Add 133.22%0.04%$14.35 - $16.05 $ 15.74%27310
Scott Black 2012-09-30 New Buy0.03%$14.46 - $15.46 $ 15.74%11710
Ron Baron 2011-03-31 Sold Out $14.43 - $16.31 $ 15.72%0
Ron Baron 2010-12-31 New Buy$13.7 - $15.41 $ 15.78%11350
George Soros 2010-12-31 Sold Out $13.7 - $15.41 $ 15.78%0
George Soros 2010-09-30 New Buy$12.27 - $14.8 $ 15.714%10300
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 17.20
AEC's P/E(ttm) is ranked higher than
62% of the 380 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.40 vs. AEC: 17.20 )
AEC' s 10-Year P/E(ttm) Range
Min: 2.77   Max: 520
Current: 17.2
2.77
520
P/B 2.00
AEC's P/B is ranked lower than
58% of the 443 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.28 vs. AEC: 2.00 )
AEC' s 10-Year P/B Range
Min: 0.89   Max: 7.21
Current: 2
0.89
7.21
P/S 4.20
AEC's P/S is ranked higher than
80% of the 488 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.71 vs. AEC: 4.20 )
AEC' s 10-Year P/S Range
Min: 0.61   Max: 5.05
Current: 4.2
0.61
5.05
EV-to-EBIT 41.7
AEC's EV-to-EBIT is ranked lower than
55% of the 400 Companies
in the Global REIT - Residential industry.

( Industry Median: 24.85 vs. AEC: 41.7 )
AEC' s 10-Year EV-to-EBIT Range
Min: 18.1   Max: 85.4
Current: 41.7
18.1
85.4
Shiller P/E 29.5
AEC's Shiller P/E is ranked lower than
100% of the Companies
in the Global REIT - Residential industry.

( Industry Median: vs. AEC: 29.5 )
AEC' s 10-Year Shiller P/E Range
Min: 5.86   Max: 573
Current: 29.5
5.86
573

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.70
AEC's Dividend Yield is ranked higher than
58% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.25 vs. AEC: 4.70 )
AEC' s 10-Year Dividend Yield Range
Min: 3.72   Max: 22.86
Current: 4.7
3.72
22.86
Dividend Payout 5.6746
AEC's Dividend Payout is ranked higher than
53% of the 379 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. AEC: 5.6746 )
AEC' s 10-Year Dividend Payout Range
Min: 0.32   Max: 13.08
Current: 5.67
0.32
13.08
Dividend growth (3y) 1.1
AEC's Dividend growth (3y) is ranked higher than
86% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: 1.1 )
AEC' s 10-Year Dividend growth (3y) Range
Min: -14.1   Max: 7.5
Current: 1.1
-14.1
7.5
Yield on cost (5-Year) 4.92
AEC's Yield on cost (5-Year) is ranked higher than
64% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.50 vs. AEC: 4.92 )
AEC' s 10-Year Yield on cost (5-Year) Range
Min: 3.89   Max: 23.91
Current: 4.92
3.89
23.91
Share Buyback Rate -29.6
AEC's Share Buyback Rate is ranked lower than
73% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: -1.70 vs. AEC: -29.6 )
AEC' s 10-Year Share Buyback Rate Range
Min: 4   Max: -29.6
Current: -29.6

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 2
AEC's Price/Tangible Book is ranked lower than
56% of the 437 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. AEC: 2 )
AEC' s 10-Year Price/Tangible Book Range
Min: 1.3   Max: 5.4
Current: 2
1.3
5.4
Price/Median PS Value 3.5
AEC's Price/Median PS Value is ranked lower than
72% of the 427 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. AEC: 3.5 )
AEC' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 3.4
Current: 3.5
0.7
3.4
Price/Graham Number 4.7
AEC's Price/Graham Number is ranked lower than
69% of the 368 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. AEC: 4.7 )
AEC' s 10-Year Price/Graham Number Range
Min: 0.5   Max: 4.8
Current: 4.7
0.5
4.8
Earnings Yield (Greenblatt) 2.40
AEC's Earnings Yield (Greenblatt) is ranked higher than
60% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.70 vs. AEC: 2.40 )
AEC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 5.5
Current: 2.4
1.2
5.5
Forward Rate of Return (Yacktman) -31.36
AEC's Forward Rate of Return (Yacktman) is ranked lower than
74% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AEC: -31.36 )
AEC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -246.3   Max: 3.8
Current: -31.36
-246.3
3.8

Business Description

Associated Estates Realty Corporation or AERC is a self-administered and self-managed equity real estate investment trust or REIT. The Company specializes in multifamily ownership, operation, acquisition, development, construction, disposition and property management activities. It owns a taxable REIT subsidiary that performs general contracting and construction services for its own account and for third parties. It has since substantially completed performance under all of its remaining third party construction services contracts. It intends to continue to provide general contracting and construction services for its own account in connection with the development of multifamily properties it will own and operate. Its operating property portfolio consists of approximately 53 owned apartment communities containing 13,908 units in eight states. It has two reportable segments which are multifamily properties and construction and other services. The Company's acquisition/disposition strategy in recent years has been to buy properties outside of the Midwest and to sell properties where market conditions are such that the reinvestment of cash proceeds derived from a sale are expected to provide, over time, a significantly greater return on equity, an increase in cash flow or further enhance its strategic objectives. The Company is near completion of a new development property in Nashville, Tennessee comprising of 242 units. It also intends to continue to execute its strategic growth strategy in part via the development and construction of new properties in its targeted growth markets. It operates in many different markets and submarkets. Each of these markets may have economic characteristics that differ from other markets, and, as a result, the degree to which it can increase rents varies between markets. However, its goal is to maximize property net operating income in all of its markets through a combination of increasing net rents and by continual efforts to contain controllable operating expenses. The Company's subsidiary, Merit Enterprises, is a general contractor that acts as its in-house construction division and provides general contracting and construction management services to third parties. It intends to continue to provide general contracting and construction services for its own account in connection with the development of multifamily properties it will own and operate.
Company Website
SEC Reports
Industry: REIT - Residential
Compare:PPS, EQR, AVB, AGNC, AIV
ยป More Articles for AEC

Headlines

Articles On GuruFocus.com
Conservative Mairs & Power Decreases and Sell-outs May 31 2013 
The Best Stocks with Dividend Growth from Last Week Dec 09 2012 
The Best Dividends on April 9, 2012 Apr 06 2012 
The Best Stocks With Dividend Growth From Last Week (March 12 - 18, 2012) Mar 18 2012 
Weekly CEO Sells Highlight: TPC, HANS, AN, AEC Aug 28 2011 
Associated Estates Realty Corp. (AEC) Chairman, President & CEO Jeffrey I Friedman sells 1,000 Share Mar 08 2011 
Associated Estates Realty Corp. (AEC) Chairman, President & CEO Jeffrey I Friedman sells 50,000 Shar Dec 10 2010 
Associated Estates Realty Corp. Reports Operating Results (10-Q) Nov 02 2010 
Associated Estates Realty Corp. (AEC) Chairman, President & CEO Jeffrey I Friedman sells 25,000 Shar Sep 13 2010 
Associated Estates Realty Corp. Reports Operating Results (10-Q) Aug 03 2010 

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