Steadfast Apartment REIT, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended of September 30, 2015. For the quarter, the company reported total revenues of $20,192,686 compared to $1,740,048 for the same period a year ago. Net loss was $14,219,859 compared to $2,432,975 a year ago. Basic and diluted loss per common share was $0.58 compared to $0.86 a year ago. Funds from operations (FFO) were $1,726,832 compared to $1,228,899 a year ago. Net operating income was $11,575,312 compared to $944,378 a year ago.

For the nine months, the company reported total revenues of $40,687,253 compared to $1,932,912 for the same period a year ago. Net loss was $33,183,194 compared to $4,358,924 a year ago. Basic and diluted loss per common share was $1.76 compared to $3.56 a year ago. Funds from operations (FFO) were $7,620,382 compared to $3,004,552 a year ago. Net operating income was $22,792,772 compared to $1,045,523 a year ago. Net cash used in operating activities of $5.6 million.