American Campus Communities (ACC) Reports Q4 FFO of $0.75

American Campus Communities (NYSE: ACC) reported Q4 FFO of $0.75, versus $0.59 reported last year. Revenue for the quarter came in at $272.3 million versus the consensus estimate of $249.18 million.

GUIDANCE:

American Campus Communities sees FY2022 FFO of $2.39-$2.48.

• The company believes that its 2022 financial results may be affected by, among other factors:
• national and regional economic trends and events;
• the success of leasing the company’s owned properties for the 2022-2023 academic year;
• the timing and amount of any acquisitions, dispositions or joint venture activity;
• interest rate risk;
• the timing of commencement and completion of construction on owned and third-party development projects;
• university enrollment, funding and policy trends;
• the outcome of legal proceedings arising in the normal course of business; and
• the finalization of property tax rates and assessed values in certain jurisdictions.
• Based upon these factors, management anticipates that fiscal year 2022 FFO will be in the range of $2.46 to $2.56 per fully diluted share and FFOM will be in the range of $2.39 to $2.49 per fully diluted share. Additionally, management anticipates that first quarter 2022 FFO will be in the range of $0.73 to $0.74 per fully diluted share and FFOM will be in the range of $0.69 to $0.71 per fully diluted share. For additional details regarding the company’s 2022 outlook, please see pages S-17 and S-18 of the Supplemental Analyst Package 4Q 2021. All guidance is based on the current expectations and judgment of the company’s management team.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c