American Campus Communities Announces Quarterly Dividend

Rhea-AI Summary

American Campus Communities (ACC), the largest owner and manager of student housing in the U.S., declared a quarterly dividend of $0.47 per share on November 3, 2021. This dividend is payable on November 26, 2021, to shareholders recorded as of November 15, 2021. As of September 30, 2021, ACC owned 166 properties with approximately 111,900 beds, while its total managed portfolio consisted of 202 properties totaling about 140,700 beds. The company is self-managed and self-administered, emphasizing its leadership in the student housing sector.

Positive

• Declared a quarterly dividend of $0.47 per share, benefiting shareholders.
• Strong portfolio with ownership of 166 properties and approximately 111,900 beds.

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 November 3, 2021 its Board of Directors declared a regular quarterly dividend of $0.47 per share of common stock, payable on November 26, 2021, to shareholders of record at the close of business on November 15, 2021.

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 quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statements, including our preleasing activity or expected full year 2021 operating results, whether as a result of new information, future events, or otherwise. The information contained on our website is not a part of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103006325/en/

Ryan Dennison

Investor Relations

(512) 732-1000

Source: American Campus Communities, Inc.

FAQ

What is the dividend amount declared by ACC?

American Campus Communities declared a dividend of $0.47 per share.

When is the ACC dividend payment date?

The ACC dividend is payable on November 26, 2021.

What are the dividend record dates for ACC?

The record date for the ACC dividend is November 15, 2021.

How many properties does American Campus Communities own?

As of September 30, 2021, American Campus Communities owned 166 properties.

How many beds are included in ACC's managed portfolio?

ACC's total managed portfolio includes approximately 140,700 beds.