Steadfast Apartment REIT, Inc.
STFR
Other OTC17.52
USD
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Steadfast Apartment REIT, Inc.
STFR
(Other OTC)
Recent
price
17.52
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Steadfast Apartment REIT, Inc. (STFR) is a non-traded real estate investment trust that acquires, owns and operates a diversified portfolio of institutional-quality multifamily apartment communities located in targeted growth markets throughout the United States; the portfolio includes approximately 70 properties comprising over 21,936 apartment homes, plus selective holdings in three parcels of land for future apartment development and occasional strategic commercial real estate assets. Headquartered in Irvine, California, the company was formed to deliver long-term capital appreciation and stable cash distributions to stockholders through high-occupancy, income-generating properties in markets resilient across economic cycles. Steadfast Apartment REIT primarily serves individual and institutional investors seeking exposure to the Sunbelt region's multifamily sector, with operations spanning multiple states including strong emphases in non-gateway urban and suburban areas. In December 2021, Steadfast Apartment REIT completed a major merger with Independence Realty Trust, Inc. (IRT), forming a combined entity with over 131 properties and approximately 38,000 units valued at roughly $8.3 billion enterprise-wide, retaining the IRT name while enhancing scale, synergies projected at $28 million annually, and redevelopment opportunities in high-growth Sunbelt markets. Earlier, in March 2020, the REIT merged with Steadfast Income REIT, Inc., and internalized its external management structure for $125 million; these transactions consolidated portfolios and streamlined operations under the Steadfast Companies umbrella, founded in 1994.
SHAREHOLDER ALERT: WeissLaw LLP Reminds STFR, SNR, LONE, and FCCY Shareholders About Its Ongoing Investigations
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Steadfast Apartment REIT, Inc. - STFR
SHAREHOLDER ALERT: WeissLaw LLP Investigates Steadfast Apartment REIT, Inc.