American Campus Communities (ACC) Tops Q1 EPS by 2c, Reaffirms Outlook
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American Campus Communities, Inc. Reports First Quarter 2015 Financial Results
April 27, 2015 4:01 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended March 31, 2015.
Highlights
Increased quarterly FFOM by 7.2 percent to $76.1 million or $0.67 per fully diluted share compared to $70.9 million or $0.66 per fully diluted share in the first quarter prior year. Increased same store wholly-owned net operating income ("NOI") 3.7 percent over the first quarter 2014 with revenues increasing 3.0 percent and operating expenses increasing 2.0 percent. Increased same store wholly-owned occupancy to 97.6 percent as of March 31, 2015... More