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Preferred Apartment Communities Earnings Yield (Joel Greenblatt) %

: 2.97% (As of Mar. 2022)
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Preferred Apartment Communities's Enterprise Value for the quarter that ended in Mar. 2022 was $3,841.5 Mil. Preferred Apartment Communities's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $114.0 Mil. Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 2.97%.

The historical rank and industry rank for Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

APTS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.86   Med: 2.01   Max: 4.83
Current: 2.94

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Preferred Apartment Communities was 4.83%. The lowest was -6.86%. And the median was 2.01%.

APTS's Earnings Yield (Joel Greenblatt) % is ranked worse than
66.9% of 707 companies
in the REITs industry
Industry Median: 4.40 vs APTS: 2.94

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Preferred Apartment Communities's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was 2.14%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Preferred Apartment Communities Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) % 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
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.69 4.81 3.30 -2.13 3.76

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
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.60 3.95 4.49 3.76 2.97

Competitive Comparison

For the REIT - Diversified subindustry, Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution

For the REITs industry and Real Estate sector, Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) % falls into.



Preferred Apartment Communities Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Preferred Apartment Communitiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=122.946/3267.6165
=3.76 %

Preferred Apartment Communities's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $114.0 Mil.



Preferred Apartment Communities  (NYSE:APTS) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Preferred Apartment Communities Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Preferred Apartment Communities's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Preferred Apartment Communities Business Description

Preferred Apartment Communities logo
Traded in Other Exchanges
Address
3284 Northside Parkway NW, Suite 150, Atlanta, GA, USA, 30327
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.
Executives
Sherman Jeffrey David officer: PRESIDENT - MULTIFAMILY 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Aide Michael officer: PRESIDENT - RETAIL 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Isakson John A officer: CHIEF FINANCIAL OFFICER 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Sprain Jeffrey R officer: EVP, GENERAL COUNSEL AND SEC. 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Jackson Daphne Bryson director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Cannon John M director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Dupree Parker Boone officer: President - Office 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Finley Sara director ONE CVS DRIVE WOONSOCKET RI 02895
Wiens John M. director 3284 NORTHSIDE PARKWAY NW STE. 150 ATLANTA GA 30327
Murphy Joel T director, officer: See Remarks 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Gresham William J Jr director 1010 RICHMOND HILL DRIVE MARIETTA GA 30068
Williams Opportunity Fund Llc 10 percent owner 3625 CUMBERLAND BLVD SUITE 400 ATLANTA GA 30339
Williams Realty Fund I Llc 10 percent owner 3625 CUMBERLAND BLVD STE 400 ATLANTA GA 30339
Dupree Daniel M director 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Leseman William F officer: See Remarks 3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339

Preferred Apartment Communities Headlines

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