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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 249,404 $ 242,131
Operating expenses (income):    
Third-party development and management services 6,207 4,186
General and administrative 10,158 7,315
Depreciation and amortization 66,169 68,755
Ground/facility leases 4,069 3,549
Gain from disposition of real estate (48,525) 0
Provision for impairment 0 3,201
Total operating expenses 133,918 183,132
Operating income 115,486 58,999
Nonoperating income (expenses):    
Interest income 851 926
Interest expense (27,783) (27,061)
Amortization of deferred financing costs (1,287) (1,132)
Loss from early extinguishment of debt (4,827) 0
Total nonoperating expenses (33,046) (27,267)
Income before income taxes 82,440 31,732
Income tax provision (379) (364)
Net income 82,061 31,368
Net income attributable to noncontrolling interests – partially owned properties (1,206) (1,728)
Net income attributable to ACC, Inc. and Subsidiaries common stockholders 80,855 29,640
Other comprehensive loss    
Change in fair value of interest rate swaps and other (9,801) (5,794)
Comprehensive income $ 71,054 $ 23,846
Net income per share attributable to ACC, Inc. and Subsidiaries common shareholders    
Basic and diluted (in dollars per share) $ 0.58 $ 0.21
Weighted-average common shares outstanding:    
Basic (in shares) 137,477,169 137,101,535
Diluted (in shares) 138,587,513 138,152,378
Owned properties    
Revenues:    
Owned properties and on-campus participating properties revenue $ 232,091 $ 224,419
Operating expenses (income):    
Operating expenses 92,474 92,169
On-campus participating properties    
Revenues:    
Owned properties and on-campus participating properties revenue 10,709 11,448
Operating expenses (income):    
Operating expenses 3,366 3,957
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP    
Revenues:    
Total revenues 249,404 242,131
Operating expenses (income):    
Third-party development and management services 6,207 4,186
General and administrative 10,158 7,315
Depreciation and amortization 66,169 68,755
Ground/facility leases 4,069 3,549
Gain from disposition of real estate (48,525) 0
Provision for impairment 0 3,201
Total operating expenses 133,918 183,132
Operating income 115,486 58,999
Nonoperating income (expenses):    
Interest income 851 926
Interest expense (27,783) (27,061)
Amortization of deferred financing costs (1,287) (1,132)
Loss from early extinguishment of debt (4,827) 0
Total nonoperating expenses (33,046) (27,267)
Income before income taxes 82,440 31,732
Income tax provision (379) (364)
Net income 82,061 31,368
Net income attributable to ACC, Inc. and Subsidiaries common stockholders 81,145 29,800
Series A preferred unit distributions (14) (31)
Net income attributable to common unitholders 81,131 29,769
Other comprehensive loss    
Change in fair value of interest rate swaps and other (9,801) (5,794)
Comprehensive income $ 71,330 $ 23,975
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic, Net of Tax $ 0.58 $ 0.21
Net income per unit attributable to common unitholders    
Basic and diluted (in dollars per share) $ 0.58 $ 0.21
Weighted-average common units outstanding    
Basic (in units) 137,945,644 137,696,323
Diluted (in units) 139,055,988 138,747,166
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Owned properties    
Revenues:    
Owned properties and on-campus participating properties revenue $ 232,091 $ 224,419
Operating expenses (income):    
Operating expenses 92,474 92,169
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | On-campus participating properties    
Revenues:    
Owned properties and on-campus participating properties revenue 10,709 11,448
Operating expenses (income):    
Operating expenses 3,366 3,957
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Noncontrolling interests - partially owned properties    
Nonoperating income (expenses):    
Net income attributable to noncontrolling interests – partially owned properties (916) (1,568)
Third-party development services    
Revenues:    
Contract with customer, revenue 2,055 3,171
Third-party development services | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP    
Revenues:    
Contract with customer, revenue 2,055 3,171
Third-party management services    
Revenues:    
Contract with customer, revenue 3,829 2,311
Third-party management services | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP    
Revenues:    
Contract with customer, revenue 3,829 2,311
Resident services    
Revenues:    
Contract with customer, revenue 720 782
Resident services | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP    
Revenues:    
Contract with customer, revenue $ 720 $ 782