American Campus profit rises on acquisitions
NEW YORK, Feb 28 (Reuters) - Student housing developer American Campus Communities Inc. (ACC.N) said on Wednesday fourth-quarter earnings rose on asset acquisitions.
Net profit rose to $22.6 million, or 98 cents a share, from $3.9 million, or 22 cents a share in the same period a year ago. Funds from operations rose to $12.3 million, or 48 cents a share, from $8.1 million, or 47 cents a share.
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