(Top Pick Jan 10/13, Up 1.77%) Their cash flows are very steady. Generated strong free cash flow even through the financial crisis. 4-6% increase in cash flow over the last 7 years. Parents have to co-sign leases. Operate at campuses with high student retention rates.
An asset class you can’t get access to in Canada in the public markets. It is condo-style student housing within a mile max of campus, if not on it. Through financial crisis, they generated organic cash flow growth. 60% payout ratio so they expect a dividend increase. Made a huge acquisition last year which should come on line this year. 2-4% cash flow from the portfolio itself. 12-14% total return going forward.
American Campus Communities is a American stock, trading under the symbol ACC-N on the New York Stock Exchange (ACC). It is usually referred to as NYSE:ACC or ACC-N
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In the last year 0 stock analysts on Stockchase covered American Campus Communities. The stock is worth watching.
On 2022-08-09, American Campus Communities (ACC-N) stock closed at a price of $65.44.
He can’t get over the amount of student debt so it must be parents funding accommodation. These apartments are very luxurious. He thinks it is a challenging market in this environment. He is waiting to see some of the new developments and how they fill up. He likes the US hotel space and industrial space, which are directly linked to the economy.