ACC - Earnings announcements

American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2022. Highlights Reported net income attributable to ACC of $4.4 million or $0.03 per fully diluted share, versus net loss of $9.4 million or $0.07 per fully diluted share in the second quarter 2021. As previously announced, during the quarter 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 common stock of ACC for $65.47 per fully diluted share in

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the second quarter after the market close on Monday, July 25, 2022. The press release will be available in the Investor Relations section of the company's website. In light of the previously announced pending transaction between the company and Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, the company will not be hosting an earnings conference call to discuss these results. About

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 common stock of ACC for $65.47 per fully diluted share in an all-cash

American Campus Communities, Inc. (NYSE:ACC) ("ACC" or the "Company"), the largest developer, owner and manager of high-quality student housing communities in the United States, today announced that it has 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 common stock of ACC for $65.47 per fully diluted share in an all-cash transaction valued at approximately $12.8 billion, including the assumption of debt. This press release features multimedia. View the full release here: https://www.bu

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the first quarter after the market close on Monday, April 25, 2022. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, April 26, 2022 at 10 a.m. Eastern Time (ET). The press release will be available in the Investor Relations section of the company's website. The conference call may be accessed by dialing 844-200-6205 passcode 646384, or 929-526-1599 for international participants. An accompanying slide presentation wil

FFOM per Share Increased by more than 8% and Exceeded High-End of Fiscal 2021 Outlook Fiscal 2022 Outlook Anticipates 12-16% Growth in FFOM per Share American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2021. Highlights Fourth Quarter 2021 Reported net income attributable to ACC of $40.7 million or $0.29 per fully diluted share versus $24.8 million or $0.18 per fully diluted share in the fourth quarter 2020. Increased FFOM per fully diluted share by 27.1 percent to $0.75 or $105.4 million versus $81.8 million or $0.59 in the prior year quarter. Grew same store net operating income (NOI) by 14.8 per

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the fourth quarter and full year 2021 after the market close on Tuesday, February 22, 2022. The company will host its quarterly earnings conference call for investors and other interested parties on Wednesday, February 23, 2022 at 10 a.m. Eastern Time (ET). ACC management will discuss the quarterly results and business outlook on the call. The press release will be available in the Investor Relations section of the company's website. The conference call may be accessed by dialing 844

Highlights Need for More Aggressive Strategy at ACC in Order to Reverse Prolonged Underperformance and Close Gap Between Share Price and Net Asset Value Calls on ACC to Accelerate Asset Sales, Enhance Investor Communications, Improve Margins, and Implement a Plan to Return Capital to Shareholders to Drive Shares to NAV Announces Intent to Nominate a Shareholder Representative Given Need for Additional Board Change After Last Year's Cooperation Agreement and Company-Driven Refresh Has Proven Insufficient L&B to Host a Conference Call on Thursday, December 16th at 10:00 am ET Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significan

Strong results highlight significantly improved student housing operating environment and prospects for growth and shareholder value creation American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended September 30, 2021. Highlights Reported net loss attributable to ACC of $11.4 million or $0.09 per fully diluted share, versus net loss of $19.5 million or $0.15 per fully diluted share in the third quarter 2020. Increased FFOM per fully diluted share by 25 percent to $0.40 or $56.9 million, versus $0.32 or $45.2 million for the third quarter prior year. Grew same store net operating income ("NOI") by 10.5 percent versus the third

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the third quarter after the market close on Monday, October 25, 2021. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, October 26, 2021 at 10 a.m. Eastern Time (ET). The press release will be available in the Investor Relations section of the company's website. The conference call may be accessed by dialing 888-317-6003 passcode 4595129, or 412-317-6061 for international participants. An accompanying slide presentatio

American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2021. Highlights Reported 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. Pre