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Q3 Supplemental Package October 25 , 2021 Table of Contents Financial Highlights Consolidated Balance Sheets Consolidated Statements of Comprehensive Income Consolidated Statements of Funds from Operations S - 1 S - 2 S - 3 庄 Owned Properties Results of Operations S - 4 S - 5 Same Store Owned Properties Operating Expenses Seasonality of Operations S - 6 S - 7 Portfolio Overview S - 8 Owned Development Update S - 9 10 Third - Party Development Update S - 10 Management Services Update S - 11 Capital Structure S - 12 Interest Coverage S - 13 Capital Allocation - Long Term Funding Plan ( 2021-2023 ) S - 14 2021 Outlook - Summary S - 15 2021 Outlook - Changes from Previous Guidance S - 16 UNIVERSITY AVE Detail of Property Groupings S - 17 Definitions Investor Information S - 18 S - 20 AMERICAN CAMPUS COMMUNITIES