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Last $32.88 USD
Change Today -0.39 / -1.17%
Volume 274.7K
EDR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

education realty trust inc (EDR) Snapshot

Open
$33.26
Previous Close
$33.27
Day High
$33.45
Day Low
$32.81
52 Week High
01/13/15 - $39.65
52 Week Low
09/25/14 - $30.18
Market Cap
1.6B
Average Volume 10 Days
220.7K
EPS TTM
$0.98
Shares Outstanding
48.4M
EX-Date
04/28/15
P/E TM
33.5x
Dividend
$1.44
Dividend Yield
4.38%
Current Stock Chart for EDUCATION REALTY TRUST INC (EDR)

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education realty trust inc (EDR) Details

EdR is a real estate investment trust. The firm invests in the real estate markets of United States. It invests collegiate housing communities. The firm develops, acquires, owns, and manages collegiate housing communities located near university campuses. The firm also provides 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 was formerly known as Education Realty Trust, Inc. EdR was founded in 1964 and is based in Memphis, Tennessee.

1,283 Employees
Last Reported Date: 02/27/15
Founded in 1964

education realty trust inc (EDR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $529.0K
President and Director
Total Annual Compensation: $367.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $216.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $230.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $202.5K
Compensation as of Fiscal Year 2014.

education realty trust inc (EDR) Key Developments

EdR Appoint Two Executives, Effective from June 1, 2015

EdR announced two changes, effective June 1, 2015, within the finance department: J. Drew Koester to senior vice president of capital markets and investor relations, and Lindsey Mackie to Koester’s previous position of senior vice president and chief accounting officer. In his newly created role, Mr. Koester will manage all day-to-day responsibilities for capital market and investor relations activities along with EdR’s internal audit activities, enterprise risk management, budgeting and financial planning. Ms. Mackie’s responsibilities will include corporate and property accounting, treasury, capital projects and financial reporting teams. Mr. Koester joined EdR in September 2004 as vice president and chief accounting officer to help lead the company through its initial public offering and transition into a publicly traded firm. Prior to joining EdR, Ms. Mackie was with Deloitte & Touche, LLP, for six years, advancing to audit manager in her last two years with the firm.

EDR Appoints Dan Gottlieb as Chief Operating Officer

EDR announced that Dan Gottlieb has joined the company as Chief Operating Officer. In his role at the company, Dan will be involved in the strategic growth and expansion of the business. Prior to joining the company, Dan was Chief Operating Officer at the New York-based data and analytics firm Trepp LLC. At Trepp, Dan focused on applying innovation to align tactics and strategy as the leader of the interrelated Product Management, Software Development and Infrastructure departments. During his career, Dan has been an active participant in the CRE technology industry as a member of the Commercial Real Estate Finance Council and as a board member of Mercatus Inc.

EdR Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

EdR reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net income attributable to common stockholders for the quarter was $6.9 million, or $0.14, per diluted share, compared to net income of $12.1 million, or $0.31, per diluted share, for the prior year. The $5.1 million decrease in net income attributable to common shareholders relates primarily to the following: a $7.7 million increase in total community NOI, offset by no gain on the disposal of assets for 2015 versus $10.9 million in 2014, and a $2.1 million increase in depreciation most related to communities added in 2014. Core FFO for the quarter was $24.3 million, as compared to $19.4 million in the prior year, an increase of 25.5%. The improvement in Core FFO mainly reflects an increase in NOI from new communities offset by higher ground lease expense, G&A costs and interest expense in 2015. Core FFO per share/unit for the quarter was flat to prior year at $0.50 as a result of dilution from 2014 capital transactions. Total revenues were $64,129,000 against $54,545,000 against a year ago. Operating income was $13,838,000 against $8,312,000 a year ago. Based upon the Company's current estimates, management reaffirms its Core FFO per share/unit guidance, provided on January 22, 2015, of $1.74 to $1.82, for the year ending December 31, 2015. This guidance does not include the impact of any new unannounced third-party development or management contracts, acquisitions, dispositions, ONE PlanSM developments or capital transactions.

 

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Industry Analysis

EDR

Industry Average

Valuation EDR Industry Range
Price/Earnings 36.3x
Price/Sales 6.8x
Price/Book 1.6x
Price/Cash Flow 15.6x
TEV/Sales 3.5x
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