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 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.

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-May-2017)

$2.8 b

Closing share price (23-May-2017)

$38.6

Cash (31-Dec-2016)

$34.5 m
EDR's current market capitalization is $2.8 b.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$184.4 m$225.8 m$255.2 m$289 m

Revenue growth, %

22%13%13%

Operating expense total

$96.6 m$106.3 m$115.6 m$239.9 m

EBIT

$24.3 m$23.9 m$45.1 m$49.1 m

EBIT margin, %

13%11%18%17%

Interest expense

$17.5 m$24.4 b$15.5 m

Interest income

$447 k$213 m$490 k

Income tax expense

$203 k$347 m$684 k

Net Income

$4.6 m$47.7 m$20.1 m$44.7 m
FY, 2013FY, 2015FY, 2016

Cash

$22.1 m$33.7 m$34.5 m

Accounts Receivable

Inventories

Goodwill

$3.1 m

Total Assets

$1.6 b$2 b$2.5 b

Accounts Payable

$2.3 m$2.5 m$4.2 m

Additional Paid-in Capital

$813.5 m$1.3 b$1.8 b

Retained Earnings

($89 m)($22 m)

Total Equity

$730 m$1.2 b$1.8 b

Financial Leverage

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

Net Income

$4.6 m$20.1 m$44.7 m

Depreciation and Amortization

$48.1 m$68 b$81.4 m

Accounts Receivable

Inventories

Accounts Payable

($8.8 m)($1.7 m)$2.7 m

Cash From Operating Activities

$77.4 m($3.7 m)$99.9 m$132.6 m

Cash From Investing Activities

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

Cash From Financing Activities

$225.9 m$162.2 m$393.6 m

Interest Paid

$23.1 m$25.7 m$10.7 m

Income Taxes Paid

$542 k$73 k$293 k
Y, 2016

Financial Leverage

1.4 x

EDR Market Value History

EDR Online Presence

EDR Company Life

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