Form 8-K Campus Crest Communities For: Nov 04
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Campus Crest Communities (CCG) Misses Q3 FFO by 1c; CEO Rollins Resigns; New Strategic Direction Planned
November 4, 2014 9:38 AM ESTCampus Crest Communities (NYSE: CCG) reported Q3 FFO of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $28.3 million versus the consensus estimate of $27.83 million.
Thec ompany also announced additional changes in senior management, as well as its intent to acquire Copper Beech assets, discontinue its construction and development business, reduce joint venture exposure and sell non-core assets as part of the Companys release of financial results for the three months ended September 30, 2014.
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