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Article: American Campus Communities Inc. Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
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American Campus Communities Inc. (NYSE:ACC) announced the following financial results for the quarter ended September 30, 2009. Highlights Quarterly FFOM of $13.7 million or $0.25 per fully diluted share, compared to $6.4 million or $0.15 per fully diluted share in the third quarter prior year.
Increased net operating income ("NOI") at the same store wholly-owned properties by 25.1 percent over the third quarter 2008. Excluding hurricane charges incurred during the third quarter 2008 and the effect of conforming certain GMH accounting policies to be consistent with the company's, same store wholly-owned NOI would have increased 10.7 percent over the same quarter ...