Campus Crest, a Charlotte-based student housing developer led by CEO Ted Rollins, reported a profit of $2.8 million in the second quarter compared to a loss in the same period last year. Revenue increased to $38.9 million from $35.4 million. Campus Crest also announced plans to expand into Canada by converting a hotel in Montreal into student housing. The company has six new projects under construction for the upcoming academic year.

1. Campus Crest one of Charlotte’s top-performing public companies
Led by CEO Ted Rollins, Campus Crest reports a boost in Q2 with net income available to common shareholders of $2.8
million, or 4 cents per share, in the second quarter, swinging from a loss of $676,000, or 2 cents per share, a year earlier.
Campus Crest is one of the Charlotte area's top-performing public
companies, according to Charlotte Business Journal research. The firm
develops, owns and manages student-housing communities throughout
the U.S. Revenue for the Charlotte-based student-housing developer
totaled $38.9 million in the latest period, up from $35.4 million last
year's second quarter, according to its earnings release.
During the latest quarter, Campus Crest announced a deal with
Beaumont Partners that will take the local developer into Canada for
the first time. As previously reported, that venture involves buying a 33-
story, 711-room hotel in Montreal and converting it into student housing.
Campus Crest has six projects under construction, with completion expected in time for the 2013-14 academic year.
For the year to date, Campus Crest has earned $3.8 million, or 7 cents per share, on revenue totaling $74.2 million. The
company lost $2.3 million, or 7 cents per share, on revenue of $68.3 million in the first half of last year.