AUSTIN: Executives summed up American Campus Communities Inc.’s Q1 2012 financial numbers in one word during the REIT’s April 25 conference call: Solid. With FFOM at $41.4 million – an increase of 11% year over year and exceeding international expectations — ACC executives had reason to be pleased.

“In the months ahead, we’ll complete the fall 2012-2013 lease-up with the goal of improving our NOI in 2013,” noted William C. Bayless Jr., the company’s president and CEO. Added senior executive vice president and COO Greg A. Dowell: “Operationally, this was another solid quarter; operations met internal expectations.” The executives pointed out that the 2012 FFO guidance of $1.75-$2.10 is certainly achievable with help from upcoming activities during the remainder of the year, not the least of which include groundbreakings, asset sales and pending lease-ups. Also on the upward trend were wholly owned net operating income (up 3.8% year over year); and revenue at $111.8 million, an increase from $99.3 million during Q1 2011.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.