Last $10.78 USD
Change Today -0.09 / -0.83%
Volume 565.5K
EDR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

education realty trust inc (EDR) Snapshot

Open
$10.86
Previous Close
$10.87
Day High
$10.89
Day Low
$10.70
52 Week High
07/17/14 - $11.31
52 Week Low
09/3/13 - $8.30
Market Cap
1.5B
Average Volume 10 Days
1.1M
EPS TTM
$0.04
Shares Outstanding
139.6M
EX-Date
07/29/14
P/E TM
288.2x
Dividend
$0.48
Dividend Yield
4.17%
Current Stock Chart for EDUCATION REALTY TRUST INC (EDR)

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education realty trust inc (EDR) Details

Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages student housing communities located near university campuses in the United States. It also provides third-party management services, including residence life and student development, marketing, leasing administration, strategic relationships, information systems, and accounting services for student housing communities owned by educational institutions and charitable foundations. In addition, the company offers third-party development consulting services, such as market analysis and evaluation of housing needs and options; co-operation with university in architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract, and bond documents; oversight of architectural design process; co-ordination of governmental and university plan approvals; oversight of construction process; design, purchase, and installation of furniture; pre-opening marketing to students; and obtaining final approvals of construction. It provides its third-party development consulting services primarily to universities seeking to modernize their on-campus student housing communities, as well as to other third-party investors. As of December 31, 2009, the company owned 40 student housing communities located in 19 states containing 25,454 beds in 7,813 apartment units located near 35 universities. It also provided third-party management services for 20 student housing communities located in 9 states containing 10,186 beds in 3,272 apartment units at 16 universities. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal corporate income tax if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 1964 and is based in Memphis, Tennessee.

1,288 Employees
Last Reported Date: 03/3/14
Founded in 1964

education realty trust inc (EDR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $480.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $200.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $330.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $173.4K
Compensation as of Fiscal Year 2013.

education realty trust inc (EDR) Key Developments

EdR Names Bill Brewer as Executive Vice President and Chief Financial Officer

EdR announced that Bill Brewer has joined the company as executive vice president and chief financial officer effective immediately. Mr. Brewer has spent five years as executive vice president and chief financial officer for Sedgwick Claims Management Services, Inc. Prior to joining Sedgwick, Mr. Brewer was with PricewaterhouseCoopers (PwC) for 24 years.

Education Realty Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014 Ending December 31, 2014; Records Loss on Impairment for the Second Quarter Ended June 30, 2014

Education Realty Trust, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of USD 50,040,000 compared to USD 41,038,000 a year ago. Operating loss was USD 3,651,000 compared to operating income of USD 3,694,000 a year ago. Loss from continuing operations was USD 8,846,000 compared USD 469,000 a year ago. Net loss was USD 8,846,000 compared to net income of USD 3,690,000 a year ago. Net loss attributable to the company shareholders was USD 8,808,000 compared to net income attributable to the company USD 3,832,000 a year ago. Basic and diluted net loss per share attributable to the company was USD 0.08 compared to basic and diluted net income per share attributable to the company USD 0.03 a year ago. FFO was USD 15,284,000 compared to USD 11,836,000 a year ago. FFO adjustments were USD 1,519,000 compared to USD 1,787,000 a year ago. Core FFO was USD 17,258,000 compared to USD 14,532,000 a year ago. Core FFO per weighted average share was USD 0.15 compared to USD 0.13 a year ago. For the six months, the company reported total revenues of USD 104,585,000 compared to USD 85,709,000 a year ago. Operating income was USD 4,661,000 compared to USD 10,807,000 a year ago. Loss from continuing operations was USD 7,284,000 compared to income from continuing operations of USD 2,506,000 a year ago. Net income was USD 3,618,000 compared to USD 7,168,000 a year ago. Net income attributable to the company shareholders was USD 3,258,000 compared to USD 7,141,000 a year ago. Basic and diluted net income per share attributable to the company was USD 0.03 compared to USD 0.06 a year ago. FFO was USD 32,334,000 compared to USD 26,445,000 a year ago. FFO adjustments were USD 3,382,000 compared to USD 3,106,000 a year ago. Core FFO was USD 36,621,000 compared to USD 30,910,000 a year ago. Core FFO per weighted average share was USD 0.31 compared to USD 0.27 a year ago. Adjusted EBITDA was USD 46,996,000 compared to USD 37,885,000 a year ago. The company provided earnings guidance for the year ending December 31, 2014. For the year, the company expects net income attributable to the company of USD 28,135,000 to USD 31,999,000. FFO was expected to be in the range of USD 79,921,000 to USD 83,785,000. FFO adjustments were expected to be in the range of USD 5,792,000 to USD 5,792,000. Core FFO was expected to be in the range of USD 78,571,000 to USD 82,435,000. FFO per weighted average share was expected to be in the range of USD 0.62 to USD 0.65. Core FFO per weighted average was expected to be in the range of USD 0.61 to USD 0.64. The company recorded loss on impairment of collegiate housing properties of USD 9,870,000 for the quarter ended June 30, 2014.

Education Realty Trust, Inc.(NYSE:EDR) added to S&P 1000 Index

Education Realty Trust, Inc.(NYSE:EDR) added to S&P 1000 Index

 

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EDR

Industry Average

Valuation EDR Industry Range
Price/Earnings 100.0x
Price/Sales 6.2x
Price/Book 1.6x
Price/Cash Flow 27.8x
TEV/Sales 4.3x
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