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Activis Buys Controlling Interest in China API Maker

Thu, 10 Apr 2008 22:10:22 GMT

Actavis Group, a privately held generic pharmaceuticals company based in Iceland, has acquired a 90% stake in a China API maker, Zhejiang...[More...]

ACPT Announces Results for Six Months Ended June 30, 2009

Thu, 13 Aug 2009 20:48:00 GMT

ST. CHARLES, Md., Aug. 13 /PRNewswire-FirstCall/ -- American Community Properties Trust ("ACPT" or the "Company") (NYSE Amex: APO), a diversified real estate organization, today announced results for the six and three month periods ended June 30, 2009.
For the quarter ended June 30, 2009, the Company reported net income attributable to ACPT shareholders of $858,000, or $0.16 per basic and diluted share, on revenues of $11,969,000.
Net income attributable to ACPT shareholders for the six and three month periods ended June 30, 2009 included income from discontinued operations for our multifamily apartment holdings in Puerto Rico and Baltimore, Maryland.

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ACPT Enters Definitive Agreement to Sell Puerto Rico Apartments

Mon, 06 Apr 2009 19:25:00 GMT

American Community Properties Trust announced today that it has reached an agreement to sell its general and limited partnership interests in its Puerto Rico apartment properties to Partners Business Equities, LLC and its associates for $14.3 million. The Company expects to settle the transaction during the third quarter of 2009.[More...]

ACPT Reports Results for 2008

Mon, 30 Mar 2009 21:41:00 GMT

American Community Properties Trust , , today announced results for the year and quarter ended December 31, 2008. For the year ended December 31, 2008, ACPT reported a net loss of $11,356,000, or $2.18 per basic and diluted share, on revenues of $82,914,000. This compares to a net loss of $541,000, or $0.10 per basic and diluted share, on revenues of $85,376,000 for the year ended December 31, 2007. For the year ended December 31, 2008, operating income was $7,356,000, compared to $16,082,000 in 2007. Impairment charges of $7,456,000, an allowance for deferred tax assets of $3,403,000 and $4,691,000 of severance and salary expenses for employees who are no longer with the Company are included in the 2008 results.[More...]

American Community Properties Trust Announces Shareholder Meeting

Wed, 04 Mar 2009 17:03:00 GMT

ST. CHARLES, Md., March 4 /PRNewswire-FirstCall/ -- American Community Properties Trust (ACPT) has announced that it will hold its annual shareholder meeting on June 3, 2009.
Information regarding the location and time of the meeting will be provided in the notice of meeting that will be mailed to ACPT shareholders together with proxy materials.
ACPT (NYSE Alternext US: APO), a diversified real estate organization with operations in Maryland and Puerto Rico, is currently listed on the NYSE Alternext Exchange under the symbol AmCmntyProp (APO).

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ACPT Secures Financing to Start Construction of New Apartment Facility

Wed, 28 Jan 2009 15:25:00 GMT

American Community Properties Trust announced today that it has secured financing that will enable the Company to begin construction of Gleneagles Apartments, a new 184-unit rental property in the planned community of St. Charles.[More...]

ACPT Announces Temporary Amendment of Sales Agreement With Lennar, and Agrees to Sell Interest in Joint Venture; Declares Dividend

Tue, 25 Nov 2008 15:33:00 GMT

American Community Properties Trust announced today that it has reached agreement on a third amendment to the Company's sales agreement with Lennar Corp., and has sold its interest in a joint venture to the homebuilding company. The Company also announced that its Board of Trustees authorized a cash dividend of $0.10 per share on common shares outstanding. The dividend will be payable on December 29, 2008 to shareholders of record on December 11, 2008. The dividend is required per the terms of the Company's Declaration of Trust and represents 45% of estimated taxable income passed through to the shareholders.[More...]

ACPT Reports Results for Quarter Ended September 30, 2008

Wed, 12 Nov 2008 14:23:00 GMT

American Community Properties Trust today reported a net loss of $2,001,000, or $0.38 per share, on revenue of $58,280,000 for the nine months ended September 30, 2008. This compares to a net loss of $1,259,000, or $0.24 per share, on revenue of $61,457,000 for the nine months ended September 30, 2007.[More...]

ACPT Board of Directors Appoints New Chief Executive Officer; Promotes Matthew Martin to Chief Financial Officer; Announces Retirement of President and Chief Operating Officer Edwin L. Kelly

Wed, 01 Oct 2008 18:59:00 GMT

J. Michael Wilson, chairman of the board of directors of American Community Properties Trust announced today that Steve Griessel has been named Chief Executive Officer of the Company, effective October 1, 2008. The Company also announced that Matthew Martin has been promoted to serve as Chief Financial Officer.[More...]

ACPT Reports Results for Quarter Ended June 30, 2008

Thu, 14 Aug 2008 15:14:00 GMT

American Community Properties Trust today announced results for the six and three months ended June 30, 2008.[More...]

ACPT Announces Departure of Chief Financial Officer Cynthia L. Hedrick, Effective August 14, 2008

Thu, 26 Jun 2008 20:53:00 GMT

American Community Properties Trust announced today that Cynthia L. Hedrick, Executive Vice President and Chief Financial Officer, will leave the Company effective August 14, 2008. The Company has not yet selected a replacement for Ms. Hedrick, and will make an announcement once her successor has been named.[More...]