American Campus Communities (ACC) Reports Q1 FFO of $0.72
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American Campus Communities, Inc. Reports First Quarter 2022 Financial Results
April 25, 2022 4:32 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) today announced the following financial results for the quarter ended March 31, 2022.
Highlights
Reported net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per fully diluted share in the first quarter 2021. As previously announced on April 19, 2022, the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (BREIT), alongside Blackstone Property Partners (BPP), will acquire all outstanding shares of... More