Education Realty Trust (EDR) Reports In-Line Q2 FFO
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EdR Announces Second Quarter 2015 Results
July 30, 2015 6:30 AM EDT- Same-Community NOI Growth Nearly 8% -
MEMPHIS, Tenn.--(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 June 30, 2015.
Company Highlights
Core funds from operations (Core FFO) increased 16.2% for the second quarter. Core FFO per share/unit was down $0.03 from prior year to $0.41, primarily as a result of significant capital transactions completed in 2014. These transactions strengthened the balance sheet and provided additional capacity to fund the development pipeline and additional... More