American Campus Communities (ACC) Tops Q4 FFO by 5c
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American Campus Communities, Inc. Reports Fourth Quarter and Year End 2020 Financial Results
February 22, 2021 4:15 PM ESTAUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter and year ended December 31, 2020.
Highlights
Fourth Quarter 2020
Grew net income attributable to ACC to $24.8 million or $0.18 per fully diluted share, versus $24.7 million or $0.18 per fully diluted share in the fourth quarter 2019. Reported FFOM of $81.8 million or $0.59 per fully diluted share, versus $99.4 million or $0.72 in the fourth quarter prior year. Same store net operating income (NOI) decreased by 13.7 percent over the fourth quarter prior year, as revenues... More