American Campus Communities, Inc. Reports First Quarter 2021 Financial Results
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American Campus Communities (ACC) Misses Q1 EPS by 2c, Revenues Beat
April 19, 2021 4:18 PM EDTAmerican Campus Communities (NYSE: ACC) reported Q1 EPS of $0.11, $0.02 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $232.7 million versus the consensus estimate of $219.3 million.
Highlights
Reported net income attributable to ACC of $15.6 million or $0.11 per fully diluted share, versus $80.9 million or $0.58 per fully diluted share in the first quarter 2020.Reported FFOM of $79.5 million or $0.57 per fully diluted share, versus $97.6 million or $0.70 per fully diluted share in the first quarter prior year.Same store net operating income (NOI) decreased by 11.0 percent versus the first... More