Steadfast Apartment REIT, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2015
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.