American Campus Communities (ACC) Tops Q4 EPS by 1c, Offers Guidance

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Go back to American Campus Communities (ACC) Tops Q4 EPS by 1c, Offers Guidance

American Campus Communities, Inc. Reports Fourth Quarter and Year End 2015 Financial Results

February 22, 2016 4:05 PM EST

Same store portfolio 59.3 percent preleased

Delivers 4.5 percent annual same store NOI growth

AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter and year ended December 31, 2015.

Highlights

Fourth Quarter 2015

Reported quarterly FFOM of $79.1 million or $0.69 per fully diluted share versus $75.8 million or $0.71 per fully diluted share in the fourth quarter prior year. Increased same store wholly-owned Net Operating Income (NOI) by 3.7 percent over the fourth quarter 2014.... More