Education Realty Trust (EDR) Misses Q1 CFFO by 7c/Share

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EdR Announces First Quarter 2015 Results

April 29, 2015 6:00 AM EDT

- Same-Community NOI Growth of 5.8% -

MEMPHIS--(BUSINESS WIRE)-- EdR (NYSE: EDR), one of the nations largest developers, owners and managers of high-quality collegiate housing communities, today announced results for the quarter ended March 31, 2015.

Company Highlights

Core funds from operations (Core FFO) increased 25.5% for the first quarter, with Core FFO per share/unit flat to prior year at $0.50, primarily as a result of significant capital transactions completed in 2014. The 2014 capital transactions strengthened our balance sheet and provided additional capacity for funding our development pipeline and... More