American Campus Communities, Inc. Reports Second Quarter 2020 Financial Results
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American Campus Communities (ACC) Misses Q2 EPS by 5c, Revenues Miss
July 20, 2020 4:48 PM EDTAmerican Campus Communities (NYSE: ACC) reported Q2 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $185.55 million versus the consensus estimate of $199.54 million.
Highlights
Reported net loss attributable to ACC of $13.3 million or $0.10 per fully diluted share, versus net income of $10.4 million or $0.07 per fully diluted share in the second quarter 2019.Reported FFOM of $50.9 million or $0.37 per fully diluted share versus $77.4 million or $0.56 per fully diluted share in the second quarter prior year.Continued to implement the companys COVID-19 crisis response plan consistent... More