Education Realty Trust (EDR) Reports In-Line Q4 CFFO
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EdR Announces Fourth Quarter and Full-Year 2015 Results
February 22, 2016 6:00 AM ESTMEMPHIS, Tenn., Feb. 22, 2016 /PRNewswire/ --Â EdR (NYSE: EDR), one of the nation's largest developers, owners and managers of high-quality collegiate housing communities, today announced results for the quarter and year ended December 31, 2015.
Company Highlights
Core funds from operations ("Core FFO") for the fourth quarter increased 13.1% with Core FFO per share/unit up 1.7%. For the full year, Core FFO increased 14.0%, while Core FFO per share/unit declined 1.6%, or $0.03, primarily due to an increase in outstanding shares related to a deleveraging equity raise in November 2015;... More