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)
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 $85.8 b in Q1, 2017
USD

Revenue (Q1, 2017)

85.8 b

Net income (Q1, 2017)

16.1 b

EBIT (Q1, 2017)

18.4 b

Market capitalization (18-Aug-2017)

2.8 b

Cash (31-Mar-2017)

34.9 m
EDR's current market capitalization is $2.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

184.4 m225.8 m255.2 m289 m

Revenue growth, %

22%13%13%

General and administrative expense

11.6 m

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

50 m54.7 m64.1 m57.3 m58.2 m73.4 b65.1 b66.2 b85.8 b

General and administrative expense

2 m3.4 m2.6 m2.6 m1.4 m3.1 b3.1 b2.7 b3.4 b

Operating expense total

2 m3.4 m2.6 m2.6 m1.4 m3.1 b3.1 b2.7 b3.4 b

EBIT

(3.7 m)1.8 m13.8 m8.9 m2.4 m20.2 b9.5 b1.2 b18.4 b

EBIT margin, %

(7%)3%22%16%4%28%15%2%21%

Interest expense

5 m4.5 m5.9 m5.5 m6.2 m4.7 b3.6 b3.8 b3 b

Interest income

(41 k)(38 k)(67 k)(39 k)(74 m)(200 m)(155 m)(32 m)

Income tax expense

(357 k)910 k78 k90 k157 k51 m89 m84 m(885 m)

Net Income

(8.8 m)21.4 m7.1 m2.8 m(4.9 m)16.8 b17.5 b(3.9 b)16.1 b
USDFY, 2013FY, 2015FY, 2016

Cash

22.1 m33.7 m34.5 m

Accounts Receivable

85.2 m

Goodwill

3.1 m

Total Assets

1.6 b2 b2.5 b

Accounts Payable

2.3 m2.5 m4.2 m

Total Liabilities

665.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

11.2 m18.4 m23.6 m17.1 m14.2 m195.8 m230.4 m115.5 m34.9 m

Total Assets

1.7 b1.8 b1.9 b1.9 b2 b2.2 b2.5 b2.5 b2.7 b

Accounts Payable

4.5 m5.3 m87.2 m83.3 m92.1 m93.5 m114.4 m125.4 m135.8 m

Additional Paid-in Capital

1 b1 b1 b1 b996 m1.5 b1.8 b1.8 b1.8 b

Retained Earnings

(85.7 m)(64.3 m)(35 m)(32.1 m)(36.8 m)(5.3 m)

Total Equity

943.1 m971.6 m992.6 m982 m957.5 m1.5 b1.8 b1.8 b1.8 b

Financial Leverage

1.8 x1.9 x1.9 x1.9 x2.1 x1.4 x1.4 x1.4 x1.5 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(8.8 m)21.4 m7.1 m2.8 m(4.9 m)16.8 b17.5 b(3.9 b)16.1 b

Depreciation and Amortization

14.5 m14.7 m15.9 m15.9 m17.8 m17.5 b19.1 b22.3 b25.8 b

Accounts Payable

4.5 m5.3 m87.2 m83.3 m92.1 m93.5 m114.4 m125.4 m135.8 m
USDY, 2017

Revenue/Employee

67 m

Financial Leverage

1.5 x

EDR Market Value History

Traffic Overview of EDR

EDR Online and Social Media Presence

EDR Company Life and Culture

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