American Campus Communities (ACC) Income Statement

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Revenues:
Third party development services	773K
Third party management services	2.38M
Resident services	810K
Total revenues	196.41M
Operating expenses:
Third party development and management services	3.34M
General and administrative	5.38M
Depreciation and amortization	52.07M
Ground/facility leases	1.97M
Total operating expenses	167.13M
Operating income	29.28M
Interest income	1.27M
Interest expense	-19.02M
Amortization of deferred financing costs	-1.34M
Loss from unconsolidated joint ventures
Total nonoperating expenses	-19.09M
Income before income taxes and discontinued operations	10.19M
Income tax provision	-345K
Income from continuing operations	9.85M
Income (loss) attributable to discontinued operations
Gain (loss) from disposition of real estate
Total discontinued operations
Net income (loss)
Net income attributable to noncontrolling interests	-201K
Net income (loss) attributable to common shareholders	9.64M
Income from continuing operations per share
Net income (loss) per share
Basic	130.79M
Diluted	131.57M
Distributions declared per common share	0.42
Revenues:
Operating lease revenue	185.69M
Operating expenses:
Operating expenses excluding general, administrative, depreciation and lease expense	100.6M
Revenues:
Operating lease revenue	6.76M
Operating expenses:
Operating expenses excluding general, administrative, depreciation and lease expense	3.78M

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