AMERICAN CAMPUS COMMUNITIES, INC. ACC Income Statement

American campus communities, inc. (ACC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Total revenues
249,404	255,835	227,705	217,371	242,131	245,873	213,469	201,059	220,409	227,563	196,938	179,008	192,938	203,972	196,411	185,983	199,995	202,198	180,816	177,874	192,493	196,819	181,936	171,977	183,183	182,694	158,394	153,212	163,162	145,006	112,757	100,911	106,981	78,350	95,200	89,093	99,267	86,497	85,735	73,908	79,970	76,423	71,271
Operating expenses (income):
Third-party development and management services
6,207	5,786	5,430	4,513	4,186	3,886	3,831	3,544	4,198	3,436	3,879	3,827	4,083	3,895	3,340	3,560	3,738	3,640	3,555	4,012	3,139	3,514	2,988	2,720	2,786	3,149	3,058	2,422	2,306	2,885	2,602	2,626	2,785	3,567	2,488	2,631	2,682	4,132	2,754	2,796	3,099	2,842	2,810
General and administrative
10,158	8,486	7,165	8,115	7,315	7,482	7,183	13,173	6,699	6,186	8,684	9,782	6,734	5,683	5,375	6,126	5,309	5,323	5,086	5,678	4,751	4,629	4,700	4,978	4,374	4,175	3,934	4,626	3,806	7,205	7,582	4,638	3,540	3,821	2,880	3,278	2,773	2,476	3,716	2,616	2,753	2,667	2,829
Depreciation and amortization
66,169	68,546	68,930	68,815	68,755	68,756	66,131	63,537	64,779	65,564	61,125	55,943	52,323	51,901	52,067	53,703	53,716	54,685	51,874	51,578	50,651	51,294	49,576	48,450	48,175	47,177	45,056	47,153	45,602	36,669	27,165	23,266	23,399	16,425	21,701	21,477	21,237	18,981	19,260	17,082	17,121	17,977	19,591
Ground/facility leases
4,069	4,151	3,215	3,236	3,549	3,329	2,951	2,733	2,842	3,062	2,329	2,465	2,357	2,431	1,965	2,467	2,304	2,391	1,782	1,961	2,098	2,046	2,206	1,582	1,563	1,653	1,386	1,160	1,203	1,387	1,093	804	964	984	810	658	1,156	732	888	753	571	474	452
Gain from disposition of real estate
48,525	229	0	-282	0	-	0	42,314	-	-	0	-632	-	3,788	0	0	17,409	0	4,657	3,790	44,252	-301	-67	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
0	14,013	0	0	3,201	0	0	0	0	-	0	15,317	-	-	0	0	-	-	-	-	-	-	2,377	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Income
-	-	0	0	-	-	0	2,648	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
133,918	200,092	200,398	179,530	183,132	178,353	191,968	127,891	170,003	165,061	179,363	166,398	143,719	131,051	167,133	146,877	146,960	148,473	162,265	143,422	142,317	144,115	163,082	136,544	135,188	133,726	143,293	127,212	121,478	108,137	99,393	77,038	75,241	57,951	79,361	68,273	67,186	60,656	69,368	56,768	56,646	64,283	60,259
Operating income
115,486	55,743	27,307	37,841	58,999	67,520	21,501	73,168	50,406	62,502	17,575	12,610	49,219	72,921	29,278	39,106	53,035	53,725	18,551	34,452	50,176	52,704	18,854	35,433	47,995	48,968	15,101	26,000	41,684	36,869	13,364	23,873	31,740	20,399	15,839	20,820	32,081	25,841	16,367	17,140	23,324	12,140	11,012
Nonoperating income (expenses):
Interest income
851	831	960	969	926	1,094	1,274	1,243	1,223	1,222	1,259	1,232	1,232	1,455	1,272	1,475	1,279	1,125	1,099	1,085	1,112	1,045	1,055	1,037	1,031	840	792	947	426	399	428	413	516	203	167	159	50	111	42	16	17	20	40
Interest expense
27,783	-	-	-	27,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	28,303	27,068	-	27,021	25,185	23,338	23,684	23,178	18,654	14,573	14,717	16,925	19,016	20,119	22,627	24,162	21,053	20,586	21,988	24,489	23,794	20,989	21,090	21,664	19,584	19,369	17,411	15,775	13,530	12,368	12,845	10,364	13,046	12,178	14,013	14,375	15,242	14,961	14,945	15,154	14,817
Amortization of deferred financing costs
1,287	1,347	1,315	1,218	1,132	1,072	1,116	2,214	1,414	1,422	1,146	1,023	1,028	1,282	1,344	1,352	2,542	1,518	1,315	1,338	1,379	1,415	1,543	1,461	1,499	1,474	1,410	1,413	1,311	1,412	1,060	967	986	1,250	1,223	1,329	1,230	1,160	1,238	997	1,028	834	769
Loss from early extinguishment of debt
-4,827	0	20,992	0	0	-	0	-784	-	-	0	0	-	-	-	-	-	0	0	-1,175	-595	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	444	-574	-42	-13	-12	111	-9	-711	-1,414	-907	-483
Other nonoperating income
-	-	0	-	-	-	570	-	-	-	0	-	-	-	-	-	-	-	388	-	-	-	0	-	-	-5,332	-134	0	2,800	425	-136	0	122	-	-	-	-	-	3,901	-	-	-	402
Total nonoperating expenses
-33,046	-29,371	-7,666	-27,317	-27,267	-17,617	-24,457	-25,093	-23,875	-22,746	-18,541	-14,996	-14,513	-47,002	-19,088	-19,996	-6,481	-24,555	-16,224	-18,224	21,402	-24,974	-24,349	-21,413	-21,558	-22,298	-20,068	-19,835	-21,096	-16,391	-14,026	-12,922	-12,993	-11,985	-14,144	-13,361	-15,205	-13,524	-12,546	-16,653	-17,370	-16,875	-15,627
Income before income taxes
82,440	26,372	19,641	10,524	31,732	49,903	-2,956	48,075	26,531	39,756	-966	-2,386	34,706	25,919	10,190	19,110	46,554	29,170	2,327	16,228	71,578	27,730	-5,495	14,020	26,437	26,670	-4,967	6,165	20,588	20,478	-662	10,951	18,747	8,414	1,695	7,459	16,876	12,317	3,821	487	5,954	-4,735	-4,615
Income tax provision
379	524	305	314	364	282	-219	2,085	281	198	267	267	257	115	345	345	345	310	311	310	311	439	290	289	290	255	255	255	255	232	181	156	156	60	88	142	143	142	143	142	143	135	135
Net income
82,061	-	19,336	10,210	31,368	-	-2,737	45,990	26,250	-	-1,233	-2,653	34,449	-	9,845	18,765	46,209	-	2,016	15,918	71,267	27,291	-5,785	13,731	26,147	26,415	-5,222	5,910	20,333	20,246	-843	10,795	18,591	8,354	1,607	7,317	16,733	12,175	3,678	345	5,811	-4,870	-4,750
Discontinued operations:
Loss attributable to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-123	-203	223	2,756	2,048	2,520	1,865	2,129	2,214	7,533	185	290	1,147	1,955	408	651	-4,220	-877	-547
Gain from disposition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,843	2,432	52,831	0	0	-	0	83	-	-	-	14,574	-	0	0	-59	-3,646	-	-
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,720	1,897	53,054	2,756	2,048	-	1,865	2,212	-	-	185	14,864	-	1,955	408	592	-7,866	-877	-547
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,291	-5,785	13,731	28,867	28,312	47,832	8,666	22,381	25,404	1,022	13,007	20,805	16,119	1,792	22,181	17,880	14,130	4,086	937	-2,055	-5,747	-5,297
Net income attributable to noncontrolling interests – partially owned properties
1,206	1,128	-887	-176	1,728	2,117	-392	-19	323	496	79	109	399	814	-201	327	622	501	161	338	1,070	441	62	293	469	1,717	656	-617	791	1,749	395	679	779	-	-	441	467	404	181	169	134	57	13
Net income attributable to ACC, Inc. and Subsidiaries common stockholders
80,855	24,720	20,223	10,386	29,640	47,504	-2,345	46,009	25,927	39,062	-1,312	-2,762	34,050	25,392	9,644	18,438	45,587	28,359	1,855	15,580	70,197	26,850	-5,847	13,438	28,398	27,829	47,176	8,049	21,590	23,655	627	12,328	20,026	17,627	-151	21,740	17,413	13,726	3,905	768	-2,189	-5,804	-5,310
Net income attributable to common unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,641	-	-	-	-	-	-	-	-
Other comprehensive loss
Change in fair value of interest rate swaps and other
-9,801	1,983	-145	-8,593	-5,794	-2,422	81	180	465	494	233	155	484	1,925	1,271	-23	-1,410	2,907	-1,420	845	-1,868	-1,062	2,073	-4,877	-993	775	-1,163	4,801	813	890	-2,386	-5,209	3,404	748	468	182	745	-	-	-	-	-	-
Comprehensive income
71,054	26,703	20,078	1,793	23,846	45,082	-2,264	46,189	26,392	39,556	-1,079	-2,607	34,534	27,317	10,915	18,415	44,177	31,266	435	16,425	68,329	25,788	-3,774	8,561	27,405	28,604	46,013	12,850	22,403	24,545	-1,759	7,119	23,430	16,583	2,109	21,922	18,158	-	-	-	-	-	-
Net income per share attributable to ACC, Inc. and Subsidiaries common shareholders
Basic and diluted (in dollars per share)
0.58	-	0.14	0.07	0.21	-	-0.02	0.33	-	-	-	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	0.06	0.01	-	-	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	0.19	-	-	-	0.25	-	-	-	-	-	-	-	-	0.25	-0.06	0.13	0.27	-	0.45	0.07	-	0.23	0.00	0.16	0.27	-	-	0.31	0.26	-	-	-	-0.05	-0.11	-0.11
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	0.18	-	-	-	0.25	-	-	-	-	-	-	-	-	0.25	-0.06	0.12	0.27	-	0.45	0.07	-	0.23	0.00	0.16	0.26	-	-	0.31	0.25	-	-	-	-0.05	-	-
Income per share attributable to ACC, Inc. and Subsidiaries common stockholders diluted
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	-	-	-	0.01	-	0.63	0.25	-0.06	0.13	0.24	-	-0.05	0.05	-	0.18	-0.02	0.13	0.24	-	-	0.10	0.24	-	-	-	0.10	-0.11	-0.10
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	-	-	-	0.01	-	0.62	0.26	-0.06	0.12	0.24	-	-0.05	0.05	-	0.18	-0.02	0.13	0.23	-	-	0.10	0.24	-	-	-	0.10	-	-
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.14	-	-	-	0.14	-	-	-	-	-	-	-	-	0.18	-	-	-	-	-	-	-	-	-	0.05	0.00	-	-	-
Net income per unit attributable to common unitholders
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations per unit (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding:
Basic (in shares)
137,477	137,409	137,403	137,268	137,101	137,035	137,022	136,677	136,525	136,477	136,421	134,614	133,052	132,225	130,786	130,456	123,445	112,362	112,323	112,308	110,955	105,420	104,968	104,918	104,821	104,783	104,781	104,779	104,697	100,740	89,169	74,718	74,216	71,352	70,008	68,655	66,956	66,994	59,165	52,335	52,235	52,195	47,897
Diluted (in shares)
138,587	138,375	138,375	138,243	138,152	138,789	137,022	137,576	137,499	138,987	136,421	134,614	133,986	132,999	131,568	131,240	124,266	117,190	112,980	112,983	112,974	106,710	104,968	105,609	105,556	105,992	104,781	105,390	105,364	101,897	89,169	75,305	74,864	71,901	70,561	69,211	67,554	70,898	60,794	52,853	52,805	52,195	47,897
Weighted-average common units outstanding
Distributions declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.42	0.42	0.42	0.42	0.40	0.40	0.40	0.40	0.38	-	0.38	0.38	-	-	-	-	-	-	-	-	0.33	-	-	0.33	0.33	-	0.33	0.33	0.33	0.33	0.33
Distributions declared per Common Unit (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.38	-	-	-	-	-	-	-	-	-	-	0.33	-	-	-	-	-	-	-	-
Owned properties
Owned properties and on-campus participating properties revenue
232,091	238,908	211,082	203,156	224,419	228,105	202,834	189,488	205,532	207,154	183,569	169,156	178,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,713	64,153
Operating expenses
92,474	95,896	111,836	90,763	92,169	91,328	107,997	86,136	88,060	82,877	99,423	75,172	74,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,633	31,794
On-campus participating properties
Owned properties and on-campus participating properties revenue
10,709	11,558	6,944	6,396	11,448	10,991	6,980	6,182	10,443	10,817	6,799	6,171	10,158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,433	3,922
Operating expenses
3,366	3,443	3,822	3,806	3,957	3,572	3,875	3,730	3,425	3,304	3,923	3,892	3,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,690	2,783
Third-party development services
Contract with customer, revenue
2,055	662	5,611	3,607	3,171	3,398	835	2,202	846	6,064	3,566	675	456	677	773	2,121	1,035	1,786	937	1,677	564	394	1,856	1,581	187	827	622	555	479	1,147	1,467	3,866	2,094	1,347	1,568	758	3,824	1,044	6,056	1,628	574	1,760	886
Third-party management services
Contract with customer, revenue
3,829	3,818	3,342	3,465	2,311	2,503	2,128	2,452	2,731	2,639	2,291	2,288	2,614	2,685	2,376	2,253	2,410	2,227	2,261	2,324	2,001	1,918	1,769	1,997	1,985	2,089	1,792	1,924	1,709	1,810	1,687	1,638	1,758	1,827	1,794	1,803	1,830	2,061	2,274	2,121	2,214	2,229	2,105
Resident services
Contract with customer, revenue
720	889	726	747	782	876	692	735	857	889	713	718	879	881	810	713	802	800	778	701	830	922	709	608	873	702	883	432	597	623	454	185	343	331	407	274	341	366	437	242	252	288	205
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Total revenues
249,404	255,835	227,705	217,371	242,131	245,873	213,469	201,059	220,409	227,563	196,938	179,008	192,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third-party development and management services
6,207	5,786	5,430	4,513	4,186	3,886	3,831	3,544	4,198	3,436	3,879	3,827	4,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
10,158	8,486	7,165	8,115	7,315	7,482	7,183	13,173	6,699	6,186	8,684	9,782	6,734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
66,169	68,546	68,930	68,815	68,755	68,756	66,131	63,537	64,779	65,564	61,125	55,943	52,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ground/facility leases
4,069	4,151	3,215	3,236	3,549	3,329	2,951	2,733	2,842	3,062	2,329	2,465	2,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from disposition of real estate
48,525	229	0	-282	0	-	0	42,314	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
0	14,013	0	0	3,201	0	0	0	0	-	0	15,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Income
-	-	0	0	-	-	0	2,648	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
133,918	200,092	200,398	179,530	183,132	178,353	191,968	127,891	170,003	165,061	179,363	166,398	143,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
115,486	55,743	27,307	37,841	58,999	67,520	21,501	73,168	50,406	62,502	17,575	12,610	49,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
851	831	960	969	926	1,094	1,274	1,243	1,223	1,222	1,259	1,232	1,232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
27,783	-	-	-	27,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	28,303	27,068	-	27,021	25,185	23,338	23,684	23,178	18,654	14,573	14,717	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,287	1,347	1,315	1,218	1,132	1,072	1,116	2,214	1,414	1,422	1,146	1,023	1,028	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from early extinguishment of debt
-4,827	0	20,992	0	0	-	0	-784	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other nonoperating income
-	-	0	-	-	-	570	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total nonoperating expenses
-33,046	-29,371	-7,666	-27,317	-27,267	-17,617	-24,457	-25,093	-23,875	-22,746	-18,541	-14,996	-14,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
82,440	26,372	19,641	10,524	31,732	49,903	-2,956	48,075	26,531	39,756	-966	-2,386	34,706	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax provision
379	524	305	314	364	282	-219	2,085	281	198	267	267	257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
82,061	-	19,336	10,210	31,368	-	-2,737	45,990	26,250	-	-1,233	-2,653	34,449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to ACC, Inc. and Subsidiaries common stockholders
81,145	24,818	20,306	10,440	29,800	47,741	-2,324	46,356	26,136	39,382	-1,290	-2,750	34,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A preferred unit distributions
14	14	14	9	31	31	31	31	31	31	31	31	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common unitholders
81,131	24,804	20,292	10,431	29,769	47,710	-2,355	46,325	26,105	39,351	-1,321	-2,781	34,313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of interest rate swaps and other
-9,801	1,983	-145	-8,593	-5,794	-2,422	81	180	465	494	233	155	484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
71,330	26,787	20,147	1,838	23,975	45,288	-2,274	46,505	26,570	39,845	-1,088	-2,626	34,797	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic, Net of Tax
0.58	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic and Diluted
-	-	0.14	0.07	-	-	-0.02	0.33	-	-	-0.01	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	0.19	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per unit)
-	-	-	-	-	-	-	-	0.18	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted (in dollars per share)
0.58	-	0.14	0.07	0.21	-	-0.02	0.33	-	-	-0.01	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in units)
137,945	137,875	137,872	137,863	137,696	137,624	137,624	137,615	137,482	137,484	137,432	135,643	134,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in units)
139,055	138,842	138,844	138,838	138,747	139,378	137,624	138,515	138,456	139,994	137,432	135,643	135,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P.
Third-party development services
-	-	-	-	-	-	-	-	-	-	-	675	456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management Fees Revenue
-	-	-	-	-	-	-	-	-	-	-	2,288	2,614	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resident services
-	-	-	-	-	-	-	-	-	-	-	718	879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Real Estate, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions declared per Common Unit (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-