American Campus Communities (ACC) Tops Q3 FFO by 2c

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Go back to American Campus Communities (ACC) Tops Q3 FFO by 2c

American Campus Communities, Inc. Reports Third Quarter 2016 Financial Results

October 24, 2016 4:01 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended September 30, 2016.

Highlights

Reported net income attributable to ACC of $9.6 million or $0.07 per fully diluted share, versus $1.9 million or $0.01 per fully diluted share in the third quarter 2015. Increased quarterly FFOM per share by 4.7 percent to $0.45 per fully diluted share or $60.4 million, versus $0.43 per fully diluted share or $48.7 million for the third quarter prior year. Increased same store wholly-owned net operating income ("NOI") by 5.0 percent over... More