American Campus Communities, Inc. Reports First Quarter 2020 Financial Results
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American Campus Communities (ACC) Tops Q1 EPS by 35c, Revenues Beat
April 20, 2020 4:20 PM EDTAmerican Campus Communities (NYSE: ACC) reported Q1 EPS of $0.58, $0.35 better than the analyst estimate of $0.23. Revenue for the quarter came in at $249.4 million versus the consensus estimate of $232.13 million.
Implemented a COVID-19 crisis response plan, which included creating task forces to support the companys residents and employees during the novel coronavirus crisis, adopting and communicating relevant guidelines issued by the CDC, following guidelines for cleaning and disinfecting, and implementing social distancing protocols for residents and staff including limiting employee hours on-site while maintaining compensation and limiting in-person contact while continuing essential... More