Campus Crest Communities, Inc. (CCG: Quote) Tuesday reported an increase in funds from operations for the quarter.
Funds from operations, or FFO, increased to $5.6 million or $0.18 per share from $5.1 million or $0.17 per share in the same period last year.
Adjusted FFO was $5.6 million or $0.18 per share, compared to $5.0 million or $0.16 per share last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $35.4 million, up from $25 million last year. Analysts expected revenues of $18.12 million.
Looking ahead to the fiscal year 2012, the company lifted its FFO guidance to a range of $0.71 to $0.77 per share from previous guidance range of $0.75 to $0.81 per share.
Analysts currently expect the company to report full year FFO of 0.75 per share.
Click here to receive FREE breaking news email alerts for Campus Crest Communities, Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com