Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $6.43 USD
Change Today -0.05 / -0.77%
Volume 300.4K
CCG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

campus crest communities inc (CCG) Snapshot

Open
$6.49
Previous Close
$6.48
Day High
$6.52
Day Low
$6.42
52 Week High
07/24/14 - $9.19
52 Week Low
04/1/15 - $5.80
Market Cap
415.8M
Average Volume 10 Days
555.2K
EPS TTM
$-0.28
Shares Outstanding
64.7M
EX-Date
04/1/15
P/E TM
--
Dividend
--
Dividend Yield
6.53%
Current Stock Chart for CAMPUS CREST COMMUNITIES INC (CCG)

campus crest communities inc (CCG) Related Businessweek News

No Related Businessweek News Found

campus crest communities inc (CCG) Details

Campus Crest Communities, Inc., a real estate investment trust (REIT), engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States. The company rents student housing properties; offers student housing services; and provides construction, development, and management services. As of July 06, 2012, it owned interests in 33 student housing properties containing approximately 6,324 apartment units and 17,064 beds. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes, provided it distributes at least 90% of its taxable income to its shareholders. Campus Crest Communities, Inc. was founded in 2004 and is based in Charlotte, North Carolina.

632 Employees
Last Reported Date: 04/1/15
Founded in 2004

campus crest communities inc (CCG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

campus crest communities inc (CCG) Key Developments

Campus Crest Communities, Inc. Receives Non-Compliance Notice From NYSE

Campus Crest Communities, Inc. announced that, due to the management team's work to enhance its disclosure practices and internal controls, the company will be delayed in filing its Annual Report on Form 10-K for the year ended December 31, 2014. Campus Crest expects to file its Annual Report on Form 10-K in the near-term and as quickly as practicable. The company also noted that it is in a quiet period until this filing is made with the Securities and Exchange Commission (SEC). The company previously disclosed, in another form it recently filed with the SEC, that it is unable to timely file its Annual Report on Form 10-K because of the additional time required to complete its annual review and assessment. As a result of the filing delay, Campus Crest has informed the New York Stock Exchange (NYSE) that it is working diligently to complete the 2014 Annual Report on Form 10-K. In response, the NYSE has provided formal notification to the company that it is not currently in compliance with the NYSE's continued listing requirements under the timely filing criteria set forth in Section 802.01E of the NYSE Listed Company Manual. Such notices are routinely issued by the NYSE in situations when there are late filings with the Securities and Exchange Commission. If Campus Crest does not file its Annual Report on Form 10-K by 2:30 p.m. March 23, 2015, its common stock, which is listed on the NYSE, will be assigned an ‘LF’ indicator to signify late filing status. Under NYSE rules, the company has six months from March 17, 2015, subject to ongoing evaluation, to file its Annual Report on Form 10-K. Campus Crest can regain compliance with the NYSE listing standards at any time during this six-month period once it files its Form 10-K with the SEC. If it fails to file its annual report within such six-month period, the NYSE may, in its sole discretion, allow Campus Crest's common stock to trade for up to an additional six months depending on specific circumstances as outlined in the rule. It is expected that the company would need to submit an official request to the NYSE for the NYSE's consideration at the appropriate time. Although Campus Crest is working diligently to complete the 2014 Annual Report on Form 10-K and currently expects to complete and file the 2014 Form 10-K within six months of its due date, no assurance can be given that the 2014 Annual Report on Form 10-K will be filed within such period, or that the NYSE would allow the company's securities to trade for up to an additional six months.

Campus Crest Communities, Inc. announced delayed annual 10-K filing

On 02/27/2015, Campus Crest Communities, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Campus Crest Communities, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for 2015

Campus Crest Communities, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $28.731 million compared to $24.768 million a year ago. Operating loss was $21.619 million against $3.385 million a year ago. Net loss before income tax benefit was $27.223 million against $7.597 million a year ago. Loss from continuing operations was $27.232 million or $0.45 per basic and diluted share against $7.176 million or $0.15 per basic and diluted share a year ago. Net loss attributable to common stockholders was $34.79 million or $0.53 per basic and diluted share against $11.99 million or $0.18 per basic and diluted share a year ago. Funds from operations adjusted (FFOA) available to common shares and OP units were $3.063 million or $0.05 per diluted share against $13.515 million or $0.21 per diluted share a year ago. For the year, the company reported total revenues of $106.741 million compared to $92.07 million a year ago. Operating loss was $136.505 million against income of $11.957 million a year ago. Net loss before income tax benefit was $150.349 million against income of $0.402 million a year ago. Loss from continuing operations was $151.079 million or $2.49 per basic and diluted share against income of $1.129 million or $0.08 per basic and diluted share a year ago. Net loss attributable to common stockholders was $170.204 million or $2.61 per basic and diluted share against $4.531 million or $0.07 per basic and diluted share a year ago. Funds from operations adjusted (FFOA) available to common shares and OP units were $31.292 million or $0.48 per diluted share against $48.112 million or $0.80 per diluted share a year ago. For the quarter, the company reported impairment of land, predevelopment costs and assets held for sale of $2.137 million. For the year 2015, the company expected totals pro rata NOI (excluding Montreal) of $117.0 million to $122.0 million, negative pro rata NOI of $3.5 million to $0.7 million. Total pro rata interest expense is expected to be the range of $49 million to $50 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CCG:US $6.43 USD -0.05

CCG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Education Realty Trust Inc $34.65 USD +0.32
View Industry Companies
 

Industry Analysis

CCG

Industry Average

Valuation CCG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CAMPUS CREST COMMUNITIES INC, please visit www.campuscrest.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.