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American Campus Communities Announces Quarterly Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
American Campus Communities, Inc. (NYSE: ACC) has declared a quarterly dividend of $0.47 per share, payable on February 25, 2022, to shareholders of record by February 4, 2022. As of September 30, 2021, ACC owned 166 student housing properties with approximately 111,900 beds and managed a total of 202 properties with around 140,700 beds. The company remains a leading player in the U.S. student housing sector, demonstrating stability and income generation for shareholders.
Positive
Quarterly dividend of $0.47 per share declared.
Strong portfolio with 166 owned properties and 202 total managed properties.
Stability in a key real estate sector providing consistent income for shareholders.
Negative
None.
AUSTIN, Texas--(BUSINESS WIRE)--
American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties in the U.S., announced that on January 24, 2022 its Board of Directors declared a regular quarterly dividend of $0.47 per share of common stock, payable on February 25, 2022, to shareholders of record at the close of business on February 4, 2022.
About American Campus Communities
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, 2021, 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 202 properties with approximately 140,700 beds. Visit www.americancampus.com.
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. These statements are based on management’s current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the “Company”) operates, operational strategies, anticipated events and trends, the economy, and other future conditions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward looking-statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact, and those discussed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020 under the heading “Risk Factors” and under the heading “Business - Forward-looking Statements” and subsequent annual reports on Form 10-K and quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events, or otherwise. The information contained on our website is not a part of this release.
