Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of segment information

These updates were also made in the tables below.

	Three Months Ended March 31,
	2020			2019
Owned Properties
Rental revenues and other income	$	232,811		$	225,201
Interest income	117			119
Total revenues from external customers	232,928			225,320
Operating expenses before depreciation, amortization, and ground/facility lease expense	(92,474		)	(92,169		)
Ground/facility lease expense	(3,209		)	(2,667		)
Interest expense, net (1)	(3,046		)	(4,763		)
Operating income before depreciation and amortization	$	134,199		$	125,721
Depreciation and amortization	$	63,243		$	65,504
Capital expenditures	$	96,211		$	115,519
On-Campus Participating Properties
Rental revenues and other income	$	10,709		$	11,448
Interest income	19			41
Total revenues from external customers	10,728			11,489
Operating expenses before depreciation, amortization, and ground/facility lease expense	(3,366		)	(3,957		)
Ground/facility lease expense	(860		)	(882		)
Interest expense, net (1)	(1,142		)	(1,303		)
Operating income before depreciation and amortization	$	5,360		$	5,347
Depreciation and amortization	$	2,037		$	2,029
Capital expenditures	$	565		$	230
Development Services
Development and construction management fees	$	2,055		$	3,171
Operating expenses	(2,525		)	(2,300		)
Operating (loss) income before depreciation and amortization	$	(470	)	$	871
Property Management Services
Property management fees from external customers	$	3,829		$	2,311
Operating expenses	(3,682		)	(1,886		)
Operating income before depreciation and amortization	$	147		$	425
Reconciliations
Total segment revenues and other income	$	249,540		$	242,291
Unallocated interest income earned on investments and corporate cash	715			766
Total consolidated revenues, including interest income	$	250,255		$	243,057
Segment income before depreciation and amortization	$	139,236		$	132,364
Segment depreciation and amortization	(65,280		)	(67,533		)
Corporate depreciation	(889		)	(1,222		)
Net unallocated expenses relating to corporate interest and overhead	(33,038		)	(27,544		)
Gain from disposition of real estate	48,525			—
Amortization of deferred financing costs	(1,287		)	(1,132		)
Provision for impairment	—			(3,201		)
Loss from early extinguishment of debt	(4,827		)	—
Income tax provision	(379		)	(364		)
Net income	$	82,061		$	31,368

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Net of capitalized interest and amortization of debt premiums.