American Campus Communities (ACC) Reports Q2 FFO of $0.42

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Go back to American Campus Communities (ACC) Reports Q2 FFO of $0.42

American Campus Communities, Inc. Reports Second Quarter 2021 Financial Results

July 26, 2021 4:15 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended June 30, 2021.

Highlights

Reported net loss attributable to ACC of $9.4 million or $0.07 per fully diluted share, versus net loss of $13.3 million or $0.10 per fully diluted share in the second quarter 2020. Reported FFOM of $58.8 million or $0.42 per fully diluted share, versus $50.9 million or $0.37 per fully diluted share in the second quarter prior year. Same store net operating income ("NOI") increased 11.6 percent versus the second quarter 2020. Revenues increased 10.3... More