Supplemental Analyst Package
First Quarter 2005 Earnings Call
May 4, 2005
Supplemental Analyst Package
First Quarter 2005 Earnings Call
TABLE OF CONTENTS
Supplemental Analyst Package
First Quarter 2005 Earnings Call
FINANCIAL HIGHLIGHTS
(dollars in thousands, except share and per share data)
(dollars in thousands, except share and per share data)
1
Supplemental Analyst Package
First Quarter 2005 Earnings Call
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except share and per share data)
2
Supplemental Analyst Package
First Quarter 2005 Earnings Call
CONSOLIDATED & COMBINED STATEMENTS OF OPERATIONS
(dollars in thousands, except share and per share data)
3
Supplemental Analyst Package
First Quarter 2005 Earnings Call
CONSOLIDATED & COMBINED STATEMENTS OF FUNDS FROM OPERATIONS
(dollars in thousands, except per share data)
(dollars in thousands, except per share data)
4
Supplemental Analyst Package
First Quarter 2005 Earnings Call
CAPITAL STRUCTURE
AS OF MARCH 31, 2005
(dollars in thousands)
AS OF MARCH 31, 2005
(dollars in thousands)
5
Supplemental Analyst Package
First Quarter 2005 Earnings Call
PORTFOLIO OVERVIEW
AS OF MARCH 31, 2005
AS OF MARCH 31, 2005
6
Supplemental Analyst Package
First Quarter 2005 Earnings Call
PROPERTY RESULTS OF OPERATIONS
(dollars in thousands)
7
Supplemental Analyst Package
First Quarter 2005 Earnings Call
2005/2006 LEASING STATUS
SAME STORE OWNED OFF-CAMPUS PORTFOLIO
SAME STORE OWNED OFF-CAMPUS PORTFOLIO
8
Supplemental Analyst Package
First Quarter 2005 Earnings Call
2005/2006 LEASING STATUS
OWNED DEVELOPMENT PROJECTS AND FIRST QUARTER 2005 ACQUISITIONS
OWNED DEVELOPMENT PROJECTS AND FIRST QUARTER 2005 ACQUISITIONS
9
Supplemental Analyst Package
First Quarter 2005 Earnings Call
RECENT ACQUISITIONS / DISPOSITIONS
(dollars in thousands)
(dollars in thousands)
10
Supplemental Analyst Package
First Quarter 2005 Earnings Call
DEVELOPMENT UPDATE
(dollars in thousands)
(dollars in thousands)
11
Supplemental Analyst Package
First Quarter 2005 Earnings Call
MANAGEMENT SERVICES UPDATE
(dollars in thousands)
(dollars in thousands)
12
Supplemental Analyst Package
First Quarter 2005 Earnings Call
AMERICAN CAMPUS COMMUNITIES CONTACTS
13
This supplemental package contains forward-looking statements, which express the current beliefs and expectations of management. Except for historical information, the matters discussed in this supplemental package are forward-looking statements and can be identified by the use of thewords “anticipate,” “believe,” “expect,” “intend,”
“may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “result” and similar expressions. Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements.
Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including risks and uncertainties inherent in the national economy, the real estate industry in general, and in our specific markets; the effect of terrorism or the threat of terrorism; legislative or regulatory changes including changes to laws governing REITS; our dependence on key personnel whose continued service is not guaranteed; availability of qualified acquisition and development targets; availability of capital and financing; rising interest rates; rising insurance rates; impact of
ad valorem and income taxation; changes in generally accepted accounting principals; and our continued ability to successfully lease and operate our properties. While we believe these forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. These forward-looking statements are made as of the date of this supplemental package, and we undertake no
obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
ad valorem and income taxation; changes in generally accepted accounting principals; and our continued ability to successfully lease and operate our properties. While we believe these forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. These forward-looking statements are made as of the date of this supplemental package, and we undertake no
obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Supplemental Analyst Package
First Quarter 2005 Earnings Call
FORWARD LOOKING STATEMENTS