| Address:
|
1 AEC PARKWAY
|
| City: |
RICHMOND HEIGHTS |
|
State: |
OH |
|
Zip Code: |
44143-1467 |
| Telephone: |
216-261-5000 |
|
Description of Business
|
Primary SIC Code:
6798 |
| (As filed with the SEC)
|
|
|
We are a self-administered and self-managed equity real estate investment trust
("REIT"). We are publicly traded on the New York Stock Exchange ("NYSE") and
the Nasdaq Global Market ("NASDAQ") under the ticker symbol "AEC." Our
headquarters is located at 1 AEC Parkway in Richmond Heights, Ohio. The
headquarters is comprised of one office building of approximately 42,000 square
feet and two adjacent parcels of land containing approximately 1.1 and 3.0
acres, respectively, all of which are suitable for further development or
expansion and all of which we own under a long-term lease.
We are a fully integrated multifamily real estate company engaged in property
acquisition, advisory, development, construction, management, disposition,
operation and ownership activities. We own two taxable REIT subsidiaries that
provide management and other services to us and to third parties (collectively
the "Service Companies"). ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.82 | 0.170 | N/E | | 03/2010 | -0.83 | 0.170 | N/E | | 12/2009 | -0.85 | 0.170 | N/E | | 09/2009 | -0.57 | 0.170 | N/E | | 06/2009 | -0.62 | 0.170 | N/E | | 03/2009 | -0.67 | 0.170 | N/E | | 12/2008 | -0.74 | 0.170 | N/E | | 09/2008 | -0.64 | 0.170 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.03 | Total Liab/Total Assets | 0.85 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.85 | | Net Inc/Inv Cap | 0.01 | Total Liab/Comm Equity | 2.54 | | Pretax Inc/Net Sales | -0.07 | Interest Coverage Ratio | 0.72 | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.03 | | Cash Flow/Net Sales | 0.24 | LTD/Equity | 5.29 | | SG&A/NetSales | 0.11 | Total Debt/Equity | 5.32 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 37.65 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.21 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
34.88
|
32.96
|
32.42
|
32.87
|
|
Cost of Goods Sold
|
16.42
|
15.47
|
14.17
|
14.67
|
|
Selling & Admin Exps
|
3.69
|
3.71
|
3.89
|
3.83
|
|
Operating Income
|
5.73
|
5.16
|
5.72
|
5.86
|
|
Interest Exp
|
8.30
|
8.06
|
8.63
|
8.67
|
|
Pretax Income
|
-2.56
|
-2.89
|
-2.79
|
-2.80
|
|
Other Income
|
0.01
|
0.01
|
0.13
|
0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.57
|
-2.91
|
-2.82
|
-2.82
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
14.00
|
10.47
|
10.69
|
11.59
|
|
Receivables - Total
|
3.60
|
2.71
|
3.16
|
3.08
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
681.78
|
633.30
|
633.74
|
637.98
|
|
Total Assets
|
709.39
|
657.14
|
662.51
|
667.86
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
28.88
|
27.17
|
32.44
|
32.10
|
|
Debt in Current Liabilities
|
3.05
|
2.99
|
2.96
|
3.01
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
463.72
|
475.64
|
525.84
|
526.15
|
|
Total Liabilities
|
497.38
|
507.63
|
563.07
|
563.09
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
1.73
|
1.83
|
1.83
|
1.83
|
|
Preferred Stock
|
0.00
|
48.26
|
48.26
|
48.26
|
|
Common Stock
|
3.74
|
2.82
|
2.30
|
2.30
|
|
Retained Earnings
|
-187.63
|
-177.51
|
-168.82
|
-162.41
|
|
Treasury Stock
|
-58.90
|
-63.49
|
-63.97
|
-64.32
|
|
Total Stockholders' Equity
|
212.01
|
149.51
|
99.44
|
104.77
|
|
Total Liabilities and Stockholders' Equity
|
709.39
|
657.14
|
662.51
|
667.86
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
6.58
|
4.68
|
8.42
|
7.56
|
|
Net Cash Provided by Investing Activities
|
-59.14
|
-4.12
|
-5.02
|
-5.17
|
|
Net Cash Provided by Financing Activities
|
55.22
|
-0.70
|
-3.86
|
-2.66
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 150.43 | 36.21 | -1.12 | | 12/2006 | 145.76 | 27.02 | -1.74 | | 12/2007 | 151.36 | 10.16 | -0.93 | | 12/2008 | 134.88 | 34.63 | -0.74 | | 12/2009 | 130.42 | 6.21 | -0.85 | | Growth Rates | -3.51 | -35.65 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 119 | 25,868 | 80.54 |
|
Report Date :
8/30/2010
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