Preferred Apartment Communities, Inc. (NYSE:APTS) Q2 2019 Earnings Conference Call Transcript

Jul 30, 2019 • 11:00 am ET

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Preferred Apartment Communities, Inc. (NYSE:APTS) Q2 2019 Earnings Conference Call Transcript

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Presentation
Executive
Daniel DuPree

strategies of our verticals. The result of this discipline is that we have periodically uninvested capital on our balance sheet.

The cumulative effect of these potential large and strategic moves articulated on this call and our filings that we believe will have a significant long term positive impact on our company but they may create some short term volatility on earnings and FFO per share. Until we have full visibility to it as and when these moves materialize in final form, we are not currently adjusting our 2019 FFO guidance of a $1.44 to $1.50 per share.

The team is energized and excited as we move into this next phase of the evolution of the company. We will continue to exploit our entrepreneurial abilities and external relationships in order to seek, to do what great real estate companies have done historically, which is to create upside for returns over time for our shareholders.

I'd like to thank you for joining us on our earnings call this morning, and I will now turn the call back over to the operator to open the floor for any questions or thoughts you may have.