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American Campus Communities updates on Q2

Jun. 06, 2016 4:15 PM ETBlackstone Inc. (BX) StockBy: Stephen Alpher, SA News Editor
  • As of June 3, the company's same-store wholly-owned portfolio was 92% applied for and 85.8% leased vs. 92.2% and 85.6%, respectively a year ago. The projected retnal rate increase is 3%.
  • Excluding non-core assets which are targeted for sale, the portfolio is 87.9% leased vs. 86.5% a year ago.
  • NYSE:ACC was also the recent receipient of a ratings upgrade to Baa2 from Baa3 at Moody's.
  • Source: Press Release

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