ACC - American Campus Communities FFO of $0.72 beats by $0.02 revenue of $273.75M beats by $18.58M

American Campus Communities press release (NYSE:ACC): Q1 FFO of $0.72 beats by $0.02. Revenue of $273.75M (+17.6% Y/Y) beats by $18.58M. Grew same store net operating income by 14.3 percent over the first quarter prior year, as same store revenues increased 10.0 percent and operating expenses increased 4.3 percent. In light of the company’s pending transaction with Blackstone, announced on April 19, 2022, the company will no longer provide a financial outlook for 2022. Shares +0.15%.

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American Campus Communities FFO of $0.72 beats by $0.02, revenue of $273.75M beats by $18.58M