Item 2.02 Results of Operations and Financial Condition.

On March 12, 2021, Steadfast Apartment REIT, Inc. (the "Company") issued an earnings release announcing its financial results for the year ended December 31, 2020. A copy of the earnings release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 2.02, including the related information set forth in the earnings release attached hereto as Exhibit 99.1 and incorporated by reference herein, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by the specific reference in such filing.




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Item 8.01 Other Events.
Distribution Declaration
On March 9, 2021, the Board of Directors of the Company approved and authorized
a daily distribution to stockholders of record as of the close of business on
each day for the period commencing on April 1, 2021 and ending on April 30,
2021. The distributions will be equal to $0.001438 per share of the Company's
common stock per day. The distributions for each record date in April 2021 will
be paid in May 2021. The distributions will be payable to stockholders from
legally available funds therefor.
Estimated Value Per Share
On March 9, 2021, the Company's board of directors determined a new estimated
value per share of $15.55 as of December 31, 2020. The new estimated value per
share represents a $0.32 increase from the $15.23 value as of March 6, 2020. The
estimated value per share as of December 31, 2020, was determined by the
Company's board of directors after reviewing property-level and aggregate
valuation analyses conducted by independent, third-party firms.

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Item 9.01  Financial Statements and Exhibits.
(d) Exhibits.
Exhibits    Description

99.1          Earnings Release dated March 12, 2021

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