Exhibit 99.1
AMERICAN RESIDENTIAL PROPERTIES, INC. REPORTS
FIRST QUARTER 2015 FINANCIAL RESULTS
SCOTTSDALE, AZ, May 6, 2015 — American Residential Properties, Inc. (NYSE: ARPI) (the “Company”) today reported its results for the quarter ended March 31, 2015.
First Quarter 2015 Highlights
Increased the leased rate on the total portfolio to 89%, up from 81% as of year-end.
Reached a leased rate of 93% on stabilized properties, up from 92% as of year-end.
Increased total leased properties by 867 homes, producing a 12% increase in the number of leased properties compared to the prior quarter.
Achieved rent increases averaging 3.8% on renewals with an overall resident retention rate of 72%.
    Increased rents on new leases by an average of 4.0% nationwide.
Closed on prior commitments to acquire an additional 149 single-family homes, bringing the total portfolio of homes owned to 9,038.
Owned $19 million in short-term private mortgage loans with a weighted-average interest rate of 11.95%.
Increased total revenue by 9% to $27.5 million compared to the prior quarter.
Achieved Core FFO attributable to common stockholders of $4.5 million, or $0.14 per diluted share.
Produced FFO attributable to common stockholders of $3.6 million, or $0.11 per diluted share.

“We are pleased to report strong financial and operating results for the first quarter of 2015. Due to solid execution of our strategic plan, we delivered revenue of $27.5 million, an increase of 9% over the prior quarter, and core FFO attributable to common stockholders of $4.5 million, or $0.14 per diluted share, an increase of 60% over the prior quarter,” said Stephen G. Schmitz, Chairman and Chief Executive Officer of American Residential Properties.
 
“In line with our strategy, we continued to focus our efforts on driving operational excellence and efficiencies across our portfolio and operating platform in the first quarter. These efforts contributed to an occupancy rate of 89% on the total portfolio, an 800 basis point increase over the prior quarter, and an occupancy rate of 93% on stabilized properties. We also redeployed some of our most talented acquisitions people to leasing and their top priority is achieving a level of customer satisfaction that translates into improved occupancy, revenue growth through rental increases, and continued strong retention. We are excited about the progress we are making in executing our strategy and expect to deliver continued strong performance in the coming quarters,” concluded Mr. Schmitz.


The following information was filed by American Residential Properties, Inc. (ARPI) on Wednesday, May 6, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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