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American Campus Communities, Inc. Stock Price

NYSE:ACC Community·US$9.1b Market Cap
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ACC Share Price Performance

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Snowflake Analysis

Proven track record with moderate growth potential.

1 Risk
3 Rewards

American Campus Communities, Inc. Key Details

US$1.0b

Revenue

US$472.7m

Cost of Revenue

US$547.9m

Gross Profit

US$477.3m

Other Expenses

US$70.6m

Earnings

Last Reported Earnings
Jun 30, 2022
Next Reporting Earnings
n/a
0.51
53.68%
6.92%
104.9%
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About ACC

Founded
1993
Employees
3006
CEO
William Bayless
WebsiteView website
www.americancampus.com

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of September 30, 2020, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 204 properties with approximately 139,900 beds.

Recent ACC News & Updates

Seeking Alpha Jul 22

American Campus Communities Q2 Earnings Preview

American Campus Communities (NYSE:ACC) is scheduled to announce Q2 earnings results on Monday, July 25th, before market open. The consensus EPS Estimate is $0.54 (+28.6% Y/Y) and the consensus Revenue Estimate is $236M (+13.2% Y/Y). Over the last 1 year, ACC has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 0 downward.
Seeking Alpha May 03

Student Housing REITs: It's Not Goodbye, It's See You Later

Student housing has seen a swift recovery and brightening outlook over the past twelve months as the effects of soaring rents have more-than-offset ongoing COVID issues and longer-term enrollment headwinds. American Campus - the first of three student housing REITs and last one still publicly traded- was scooped-up last month by Blackstone - one of its five major REIT acquisitions since June. Given the abundance of private institutional capital targeting student housing assets and prior acquisitions of EDR and Campus Crest, in January, we projected a potential takeout of ACC at $65/share. Blackstone's $12.8 billion takeout at $65.47/share bid - nearly spot-on with that call - is a healthy 14% premium to ACC's prior close. These massive acquisitions have become necessary to feed its fledging non-traded REIT business, BREIT. BREIT has grown into a $100B behemoth in less than five years despite its high fee structure, capitalizing on investor interest for private real estate, and a questionable perception of lower volatility compared to public REITs.

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