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Last $18.77 USD
Change Today -0.08 / -0.42%
Volume 152.6K
ARPI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

american residential propert (ARPI) Key Developments

American Residential Properties, Inc. Presents at The 3rd Annual Single Family Rental Investment Forum (East), Apr-20-2015 through Apr-22-2015

American Residential Properties, Inc. Presents at The 3rd Annual Single Family Rental Investment Forum (East), Apr-20-2015 through Apr-22-2015. Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami Beach, FL 33139, United States. Presentation Date & Speakers: Apr-21-2015, Christopher Jay Byce, Senior Vice President of Investments, Stephen G. Schmitz, Chairman and Chief Executive Officer.

American Residential Properties, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

American Residential Properties, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported total revenue for the quarter increased $1.7 million to $25.2 million, compared to $23.5 million for the quarter ended September 30, 2014, and increased $12.0 million, compared to $13.2 million for the quarter ended December 31, 2013. The increase in total revenue from the prior quarter is primarily attributable to higher rental income generated from leasing an additional 463 homes. Net loss attributable to common stockholders for the quarter increased $3.3 million to $12.5 million, or $0.39 per diluted share, compared to net loss of $9.2 million, or $0.28 loss per diluted share, for the quarter ended September 30, 2014, and increased $4.1 million, compared to net loss of $8.4 million, or $0.26 per loss diluted share, for the quarter ended December 31, 2013. The increase in net loss attributable to common stockholders from the prior quarter is primarily attributable to an increase in depreciation expense due to the increase in portfolio of single-family homes and an increase in interest expense related to higher average outstanding debt incurred to expand portfolio. Funds from operations (‘FFO’) attributable to common stockholders for the quarter decreased $1.8 million to $1.2 million, or $0.04 per diluted share, compared to $2.9 million, or $0.09 per diluted share, for the quarter ended September 30, 2014, and increased $2.0 million compared to $0.8 million, or $0.03 per diluted share, for the quarter ended December 31, 2013. Core funds from operations (‘Core FFO’) attributable to common stockholders for the quarter, decreased $1.0 million to $2.8 million, or $0.09 per diluted share, compared to $3.8 million, or $0.12 per diluted share, for the quarter ended September 30, 2014, and increased $2.8 million, compared to $0.0 million, or $0.00 per diluted share, for the quarter ended December 31, 2013. Loss from continuing operations before equity in net income of unconsolidated ventures was $12.842 million against $8.467 million a year ago. For the year, the company reported total revenue increased $48.9 million to $86.9 million, compared to $38.0 million for the year ended December 31, 2013. The increase in total revenue from the prior year is primarily attributable to higher rental income generated from leasing an additional 2,645 homes. Net loss attributable to common stockholders for the year increased $12.0 million to $37.0 million, or $1.15 per share, compared to $25.0 million, or $0.92 per share, for the year ended December 31, 2013. The increase in net loss attributable to common stockholders from the prior year is primarily attributable to an increase in depreciation expense due to the increase in portfolio of single-family homes and an increase in interest expense related to higher average outstanding debt incurred to expand portfolio, which were offset by an increase in operating results due to ongoing stabilization of the portfolio. FFO attributable to common stockholders increased $12.0 million to $8.5 million, or $0.26 per diluted share, compared to $3.5 million, or $0.13 per diluted share, for the year ended December 31, 2013. Core FFO attributable to common stockholders increased $7.3 million to $12.4 million, or $0.38 per diluted share, compared to $5.1 million, or $0.19 per diluted share, for the year ended December 31, 2013. Loss from continuing operations before equity in net income of unconsolidated ventures was $37.475 million against $25.411 million a year ago.

American Residential Properties Plans For Sale Of Non-Core Properties

American Residential Properties, Inc. (NYSE:ARPI) is planning to sell of its non-core properties. Stephen G. Schmitz, Chairman and Chief Executive Officer of American Residential Properties states, "We have curtailed our acquisition activity and during 2015, we are focusing on refining our operating platform, including further regionalization of certain operating functions to advance efficiencies, driving revenue growth by aggressively managing rents and retention plus selectively selling non-core properties to create value for our shareholders."

American Residential Properties, Inc. to Report Q4, 2014 Results on Mar 11, 2015

American Residential Properties, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 11, 2015

American Residential Properties, Inc., Q4 2014 Earnings Call, Mar 12, 2015

American Residential Properties, Inc., Q4 2014 Earnings Call, Mar 12, 2015

 

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