American Campus Communities (ACC) Misses Q1 EPS by 2c

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Go back to American Campus Communities (ACC) Misses Q1 EPS by 2c

American Campus Communities, Inc. Reports First Quarter 2017 Financial Results

April 24, 2017 4:05 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended March 31, 2017.

Highlights

Reported net income attributable to ACC of $34.1 million or $0.25 per fully diluted share, versus $45.6 million or $0.36 per fully diluted share in the first quarter 2016. The first quarter of 2016 included a $17.4 million gain from the disposition of real estate, while there was no corresponding gain in the current quarter. Reported quarterly FFOM of $83.2 million or $0.62 per fully diluted share versus $78.2 million or $0.62 per fully... More