American Campus Communities (ACC) Tops Q3 FFO by 1c, Offers FY Guidance

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Go back to American Campus Communities (ACC) Tops Q3 FFO by 1c, Offers FY Guidance

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

October 26, 2015 4:05 PM EDT

Achieves 5.9 percent same store NOI growth

Awarded or in exclusive negotiation on five new on-campus transactions

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

Highlights

Reported quarterly FFOM of $0.43 per fully diluted share or $48.7 million, versus $0.44 per fully diluted share or $46.5 million for the third quarter prior year. Increased same store wholly-owned net operating income ("NOI") by 5.9 percent over the third quarter 2014, as... More