- Q2 FFO-modified of $65.2M or $0.57 per share vs. $62.3M and $0.58 one year ago. Consensus was for $0.57.
- Same-store wholly-owned NOI up 4.7% Y/Y. Same-store wholly-owned occupancy of 88.9% up 110 basis points.
- Preleased same-store wholly-owned portfolio for upcoming academic year to 100.8% applied for and 94.6% leased as of July 24. Current projected rental rate increase of 2.9%.
- Full-year FFOM guidance of $2.30-$2.42 per share is unchanged.
- Previously: American Campus Communities FFO in-line, beats on revenue (July 27)
- ACC -2.2%