Education Realty Trust (EDR) Misses Q1 EPS by 2c

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Go back to Education Realty Trust (EDR) Misses Q1 EPS by 2c

EdR Announces First Quarter 2017 Results

May 1, 2017 7:00 AM EDT

MEMPHIS, Tenn., May 1, 2017 /PRNewswire/ -- 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 ended March 31, 2017.   

Company Highlights

Net income attributable to common stockholders of $16.2 million, or $0.21 per diluted share, as compared to $16.7 million, or $0.26 per diluted share, for the first quarter of 2016; Operating income declined $1.8 million to $18.4 million on a 16.9% increase in revenue offset by a 26.7% increase in operating expenses, mainly driven by depreciation; Same-community net operating income... More