Affordable Residential Communities Announces Third Quarter 2006 Results.

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Affordable Residential Communities Announces Third Quarter 2006 Results.

DENVER -- Affordable Residential Communities Inc. (NYSE:ARC) today announced results for the third quarter ended September 30, 2006.

Third Quarter Operating Results

Consolidated gross revenue for the third quarter of 2006 was $61.2 million compared to $61.6 million in the second quarter of 2006 and $65.7 million in the third quarter of 2005. Net loss attributable to common stockholders for the third quarter of 2006 was ($9.8) million, or ($0.24) per share, compared to net income of $0.2 million, or $0.01 per share, in the second quarter of 2006 and a net loss of ($126.9) mill...

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