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AUSTIN-American Campus Communities Inc.’s Q1 2013 earnings ended up in positive territory, thanks to property acquisitions, increased rents and developments now coming online. The bottom line included revenue of $165.6 million (up 54.8% from the same time last year) and operating income increasing by $10.8 million, or 34% year-over-year. Added to that was an increase in rental income ($21.6 million versus $20 million during Q1 2012) and FFO of $68.5 million, compared to the $44.4 million reported in early 2012.

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