Businessweek

American Campus Communities, Inc. announced that on May 1, 2013 its board of directors declared a regular quarterly dividend of $0.36 per share of common stock, payable on May 30, 2013, to shareholders of record at the close of business on May 16, 2013. The declared dividend is a 6.7% increase over the prior quarterly dividend of $0.3375 per share of common stock.

American Campus Communities, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total revenues were $165.643 million compared to $106.981 million a year ago. Operating income was $42.538 million compared to $31.740 million a year ago. The increase in revenues and operating income was primarily due to growth resulting from property acquisitions, recently completed development properties, and increased rental rates for the 2012-2013 academic year. Income before income taxes and discontinued operations was $21.210 million compared to $18.747 million a year ago. Income from continuing operations was $20.955 million compared to $18.591 million a year ago. Net income attributable to the company and subsidiaries was $21.590 million or $0.20 per diluted share compared to $20.026 million or $0.26 per diluted share a year ago. The decrease in net income per fully diluted share as compared to the prior year quarter is primarily due to an increase in depreciation and amortization expense recorded in connection with property acquisitions and recently completed development properties and a $2.8 million noncash litigation settlement expense. Funds from operations were $68.502 million or $0.64 per diluted share compared to $44.397 million or $0.59 per diluted share a year ago. Funds from operations-modified were $68.389 million or $0.64 per diluted share compared to $41.354 million or $0.55 per diluted share a year ago. The company is maintaining its previously stated guidance range for the fiscal year 2013 of FFO of $2.37 to $2.46 per fully diluted share and FFOM of $2.32 to $2.42 per fully diluted share.

American Campus Communities, Inc. announced that two of its owned properties in Tampa, FL have entered into housing affiliation agreements with the University of South Florida Department of Housing & Residential Education. The Province and Avalon Heights, both located within walking distance of the USF Tampa campus, are popular housing choices among USF students. Under the agreements, the USF housing office will refer eligible upper-division, transfer and graduate students to the affiliated properties as alternative housing options, should the demand for on-campus housing exceed the university's present capacity.

American Campus Communities, Inc., Q1 2013 Earnings Call, Apr 24, 2013

American Campus Communities, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 23, 2013