Published on 25 Jul 2022 on Zacks via Yahoo Finance
American Campus Communities (ACC) Tops Q2 FFO and Revenue Estimates
American Campus Communities (ACC) came out with quarterly funds from operations (FFO) of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 3.85%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.70 per share when it actually produced FFO of $0.72, delivering a surprise of 2.86%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.