American Campus Communities (ACC) Reports In-Line Q2 FFOM

American Campus Communities (NYSE: ACC) reported Q2 FFOM of $0.57, in-line with the analyst estimate of $0.57. Revenue for the quarter came in at $177.9 million versus the consensus estimate of $168.9 million.

“We are very pleased with our core value creation driven by 4.7% same store NOI growth this quarter,” said Bill Bayless, American Campus CEO. “In addition, the vibrant transaction market has enabled us to accretively recycle non-core assets into our high yielding core development pipeline, thus improving our overall portfolio quality and positioning the company to continue to drive long-term NOI growth.”

For earnings history and earnings-related data on American Campus Communities (ACC) click here.

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