Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-American Campus Communities Inc. released its Q2 2013 earnings report, which showed a drop in prelease and occupancy numbers, a well as a decline in net operating income. The numbers show same-store NOI declining by 1.3% year over year, while preleasing stood at 90.8%, down from the 91.8% reported during Q2 2012.

The earnings report also points out that the 100 basis point preleasing deficit narrowed 370 basis points from the 470 basis point deficit reported in the company’s Q1 earnings release.

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?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.