Preferred Apartment Communities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.0 Mil. Preferred Apartment Communities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $2,388.8 Mil. Preferred Apartment Communities's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $1,154.1 Mil.
Preferred Apartment Communities's debt to equity for the quarter that ended in Mar. 2022 was 2.07.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Preferred Apartment Communities's Debt-to-Equity or its related term are showing as below:
APTS'
s Debt-to-Equity Range Over the Past 10 Years
Min: -2.81 Med: 1.43 Max: 2.29
Current: 2.07
During the past 12 years, the highest Debt-to-Equity Ratio of Preferred Apartment Communities was 2.29. The lowest was -2.81. And the median was 1.43.
APTS's Debt-to-Equity is ranked worse than 90.23% of 706
companies
in the REITs industry
Industry Median: 0.78
vs APTS: 2.07
Preferred Apartment Communities Debt-to-Equity Historical Data
The historical data trend for Preferred Apartment Communities's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Preferred Apartment Communities Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
1.45
1.47
1.37
1.82
2.29
Preferred Apartment Communities Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Debt-to-Equity
1.89
1.99
2.24
2.29
2.07
Competitive Comparison
For the REIT - Diversified subindustry, Preferred Apartment Communities's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Preferred Apartment Communities Debt-to-Equity Distribution
For the REITs industry and Real Estate sector, Preferred Apartment Communities's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Preferred Apartment Communities's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Preferred Apartment Communities Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Preferred Apartment Communities's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Preferred Apartment Communities Business Description
Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.
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