American Campus Communities Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap ValueCompany profile

American Campus Communities, Inc. is a self-managed and self-administered equity real estate investment trust (REIT). The Company's segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Wholly-Owned Properties segment consists of off-campus properties, which are located in close proximity to the school campus. The On-Campus Participating Properties segment includes on-campus properties that are operated under long-term ground/facility leases with three university systems. The Development Services segment consists of development and construction management services that it provides through one of its taxable REIT subsidiaries for third-party owners. The Property Management Services segment includes revenues generated from third-party management contracts.

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Apple's stock tumble pushed market cap below $700 billion for first time since February 2017

1:16 pm ET December 24, 2018 (MarketWatch)

Shares of Apple Inc. (AAPL) sank 2.6% in Monday's abbreviated session to close at the lowest level since July 12, 2017, amid a broad-market selloff ( The decline has pushed the technology giant's market capitalization below the $700 billion mark for the first time since Feb. 10, 2017, according to FactSet data. Apple's stock has now plunged 36.7% since it the Oct. 3, 2018 record close of $232.07, with the market cap plummeting about $404.5 billion from its peak of about $1.10 trillion. The stock's price decline during that time has shaved about 578 points off the Dow Jones Industrial Average's price, or about 11.5% of the Dow's 5,036-point drop during that time. Apple is currently the second-largest use company by market cap, behind first-place Microsoft Corp. (MSFT) at $722.7 billion and just ahead of Google parent Alphabet Inc. (GOOGL) at about $684.8 billion, according to FactSet. Inc. (AMZN) is in fourth place at $657.2 billion.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

December 24, 2018 13:16 ET (18:16 GMT)

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