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AMERICAN CAMPUS COMMUNITIES INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 5, 2022. Its latest SEC filing is a 15-12G from Aug 19, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Owns, develops, and manages student housing communities for college students, and provides development and management services to universities and colleges.

How Did They Make Money?

Residents pay rent in monthly installments for student housing. Universities and other owners pay for development and management work; development fees are earned over the contract, while on-campus agreements also provide a share of net cash flows and management fees tied to gross receipts.

FY2021 revenue

Who Were Their Customers?

Students and parents rent beds at ACC communities directly; universities, colleges, charitable foundations, and other property owners hire ACC for development and management services.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2021.

Operating income, FY2021
17% of revenue
▼ −16% vs FY2020 ($187.3M, 22%)
Net income, FY2021
4% of revenue
▼ −51% vs FY2020 ($72.8M, 8%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Mar 31, 2022
Revenue
▲ +18%
vs $232.7M in Q1 FY2021
Net income
▲ +151%
vs $15.6M in Q1 FY2021
  • Aug 9, 2022 Blackstone completed its acquisition of ACC, and its shares were delisted Common shares were converted into cash, and trading was suspended after the merger.

Grew. Revenue grew 18% in 4 years, from $796.4M in FY2017 to $942.4M in FY2021, about 4% a year.

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