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

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

American Campus Communities, Inc. Reports Second Quarter 2015 Financial Results

July 27, 2015 4:01 PM EDT

Strong core performance

Capital recycling continues to improve portfolio quality and fund high yielding development

AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended June 30, 2015.

Highlights

Reported quarterly FFOM of $0.57 per fully diluted share or $65.2 million, versus $0.58 per fully diluted share or $62.3 million for the second quarter prior year. Increased same store wholly-owned net operating income ("NOI") by 4.7 percent over the second quarter 2014.... More