Posted on Tuesday, November 9th, 2010 at 7:32 pm.
American Campus Communities, Inc. has announced their third quarter financial results for the quarter that ended on September 30.
This quarter the company achieved $20.7 million or $0.34 per fully diluted share. These numbers have significantly increased from the same period in 2009, $13.7 million and $0.25 per fully diluted share.
Also this quarter, the company acquired a full ownership interest in 11 student housing projects. At the end of the quarter, the total portfolio of the company had 14 properties with 97.2 percent occupied. Revenue this quarter totaled $88.6 million, up 16 percent from last year.
If you are having difficulty keeping up with the financial aspect of your company, contact the Austin Accounting today by filling out the contact form today.