American Campus Communities, Inc. Reports Third Quarter 2021 Financial Results
American Campus Communities Inc (ACC)
Last american campus communities inc earnings: 4/20 04:15 pm
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US:NYSE Investor Relations:
ir.americancampus.com
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Source: Business Wire
Strong results highlight significantly improved student housing operating environment and prospects for growth and shareholder value creation AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended September 30, 2021.HighlightsReported net loss attributable to ACC of $11.4 million or $0.09 per fully diluted share, versus net loss of $19.5 million or $0.15 per fully diluted share in the third quarter 2020.Increased FFOM per fully diluted share by 25 percent to $0.40 or $56.9 million, versus $0.32 or $45.2 million for the third quarter prior year.Grew same store net operating income ("NOI") by 10.5 percent versus the third quarter 2020, with revenues increasing 8.5 percent and operating expenses increasing 6.8 percent.Achieved 95.8 percent opening fall occupancy with 3.3 and 3.8 percent average rental rate growth over the prior year for the 2021 and 2022 same store portfolios, respectively. Thi
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