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Last $28.73 USD
Change Today 0.00 / 0.00%
Volume 267.9K
AEC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

associated estates realty cp (AEC) Snapshot

Open
$28.73
Previous Close
$28.73
Day High
$28.74
Day Low
$28.73
52 Week High
07/28/15 - $28.87
52 Week Low
10/1/14 - $17.26
Market Cap
1.7B
Average Volume 10 Days
310.7K
EPS TTM
$1.20
Shares Outstanding
58.0M
EX-Date
04/13/15
P/E TM
23.9x
Dividend
$0.84
Dividend Yield
2.82%
Current Stock Chart for ASSOCIATED ESTATES REALTY CP (AEC)

associated estates realty cp (AEC) Related Businessweek News

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associated estates realty cp (AEC) Details

Associated Estates Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It specializes in owning and managing apartment communities in the Midwest, Mid-Atlantic and Southeast regions of the United States. Associated Estates Realty Corporation is headquartered in Richmond Heights, Ohio.

410 Employees
Last Reported Date: 02/18/15

associated estates realty cp (AEC) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $305.0K
Senior Vice President of Operations
Total Annual Compensation: $325.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $300.0K
Senior Vice President of Acquisitions and Dev...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

associated estates realty cp (AEC) Key Developments

Robbins Arroyo LLP Files Class Action Lawsuit Against Associated Estates Realty Corporation

Robbins Arroyo LLP announced that it filed a class action and derivative lawsuit on June 23, 2015, in the U.S. District Court for the Northern District of Ohio, Eastern Division on behalf of the shareholders of Associated Estates Realty Corporation against Associated Estates and its Board of Directors for, among other things, violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated there under. Associated Estates is accused of disseminating a false and misleading proxy statement. The complaint arises out of an April 22, 2015 press release announcing that Associated Estates had entered into a definitive merger agreement with Brookfield Asset Management Inc. pursuant to which Associate Estates' Board agreed to sell Associated Estates to Brookfield for $28.75 in cash per Associate Estate share. The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated Associated Estates shareholders. The named plaintiff is represented by Robbins Arroyo LLP. The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading Proxy Statement with the U.S. Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Associated Estates shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

Associated Estates Realty Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015

Associated Estates Realty Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

Associated Estates Realty Corporation Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year 2015

Associated Estates Realty Corporation reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenue was $48,243,000 compared to $49,715,000 a year ago. Net income applicable to common shares was $744,000 compared to $42,273,000 a year ago. The quarter over quarter decrease was driven by a $41.0 million gain associated with the sale of one property in the first quarter of 2014. Funds from operations was $16,054,000 compared to $17,076,000 a year ago. Operating FFO was $16,723,000 compared to $17,076,000 a year ago. Funds available for distribution was $16,286,000 compared to $16,229,000 a year ago. FFO - diluted per share was $0.28 compared to $0.30 a year ago. Operating FFO - diluted per share was $0.29 compared to $0.30 a year ago. NOI for the quarter ended March 31, 2015 for the Company's same community portfolio increased 2.8% compared to the quarter ended March 31, 2014. Revenue increased by 2.1% and property operating expenses increased by 1.2%. Given the company's announcement on April 22, 2015 that it had entered into an agreement and plan of merger with an affiliate of a real estate fund managed by Brookfield Asset Management, the Company is not providing an outlook for the remainder of 2015 nor updating or affirming its previously issued guidance range for the full-year 2015 for EPS and Operating FFO per share.

 

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AEC

Industry Average

Valuation AEC Industry Range
Price/Earnings 23.8x
Price/Sales 8.6x
Price/Book 2.5x
Price/Cash Flow 12.4x
TEV/Sales 4.3x
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