EdR Collegiate Housing (EDR:NYSE) is one of America's largest owners, developers and managers of collegiate housing. Formerly known as Education Realty Trust, EdR is a self-administered and self-managed real estate investment trust (REIT) specializing in student housing. We provide development, financing, construction oversight and management services for universities who want to increase or update their student housing. Our owned portfolio includes on- and off-campus apartments serving top tier universities across the nation. Each of our collegiate housing communities is specifically designed to fit the needs, setting and personality of the university and its intended residents. Whether EdR is creating freshmen living-learning centers or upscale, independent apartments for graduate students, faculty and staff, each is appointed with market attractive amenities including the latest internet and Wi-Fi technologies. EdR's experienced and respected team provides impressive facilities and valuable services to our customers — universities, owners, residents and families. EdR built its first collegiate community in 1964 at the University of North Carolina at Chapel Hill. Since 2000 EdR has been awarded the development of more than $1.8 billion in on-campus collegiate housing and has acquired more than $1 billion in off-campus collegiate communities.
Company Growth (employees)
Type
Public
HQ
Memphis, US
Founded
1952
Size (employees)
1,280 (est)+4%
EDR was founded in 1952 and is headquartered in Memphis, US

EDR Office Locations

EDR has an office in Memphis
Memphis, US (HQ)
600 999 S Shady Grove Rd

EDR Data and Metrics

EDR Financial Metrics

EDR's revenue was reported to be $289 m in FY, 2016 which is a 13% increase from the previous period.
$, USD

Revenue (FY, 2016)

289 m

Revenue growth (FY, 2015 - FY, 2016), %

13%

Net income (FY, 2016)

44.7 m

EBIT (FY, 2016)

49.1 m

Market capitalization (23-Jun-2017)

3 b

Closing share price (23-Jun-2017)

40.3

Cash (31-Dec-2016)

34.5 m
EDR's current market capitalization is $3 b.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

184.4 m225.8 m255.2 m289 m

Revenue growth, %

22%13%13%

Operating expense total

96.6 m106.3 m115.6 m239.9 m

EBIT

24.3 m23.9 m45.1 m49.1 m

EBIT margin, %

13%11%18%17%

Interest expense

17.5 m24.4 b15.5 m

Interest income

447 k213 m490 k

Income tax expense

203 k347 m684 k

Net Income

4.6 m47.7 m20.1 m44.7 m
$, USDFY, 2013FY, 2015FY, 2016

Cash

22.1 m33.7 m34.5 m

Goodwill

3.1 m

Total Assets

1.6 b2 b2.5 b

Accounts Payable

2.3 m2.5 m4.2 m

Additional Paid-in Capital

813.5 m1.3 b1.8 b

Retained Earnings

(89 m)(22 m)

Total Equity

730 m1.2 b1.8 b

Financial Leverage

2.2 x1.6 x1.4 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.6 m20.1 m44.7 m

Depreciation and Amortization

48.1 m68 b81.4 m

Accounts Payable

(8.8 m)(1.7 m)2.7 m

Cash From Operating Activities

77.4 m(3.7 m)99.9 m132.6 m

Cash From Investing Activities

(298.3 m)(246.8 m)(525.5 m)

Cash From Financing Activities

225.9 m162.2 m393.6 m

Interest Paid

23.1 m25.7 m10.7 m

Income Taxes Paid

542 k73 k293 k
Y, 2016

Financial Leverage

1.4 x

EDR Market Value History

EDR Online and Social Media Presence

EDR Company Life and Culture

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