American Campus Communities, Inc. Reports Second 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
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2021.HighlightsReported 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 percent and operating expenses increased 8.9 percent as compared to the prior year quarter.Preleasing for the 2022 same store portfolio for academic year 2021-2022 currently stands at 91.7 percent as of July 23, 2021, as compared to 88.6 percent for the same date prior year.Delivered phase four of the ten-phase Flamingo Crossings Village, located near Walt Disney World®
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