- PR Newswire•8 hours ago
EdR's same-community portfolio of 27,537 beds opened the 2016-2017 lease term 96.7% occupied with rate growth of 3.4%. Although near optimum occupancy levels for the same-community portfolio, opening occupancy for the 2016-2017 lease term is 111 basis points (306 beds) behind prior year and 61 bps (168 beds) below the low end of prior guidance due to the previously discussed issues at the Company's two communities serving the universities of Missouri and Oklahoma, which opened 81.2% and 61.1% occupied, respectively. EdR's new-community portfolio opened the 2016-2017 lease term 88.8% occupied, at the lower end of expectations. Opening occupancy was lower than typical underwriting due to known occupancy shortfalls at the Hub community, serving the University of Wisconsin. As the community was acquired in June we could not meaningfully impact leasing results for 2016-2017, but this is a strong, well-located asset in a good market that we expect to achieve occupancies in the high nineties next year.
- Zacks•21 hours ago
The student housing market is enjoying solid strength in the fall 2016 leasing session but rising supply is softening a number of select markets.
- Moody's•4 days ago
New York, September 23, 2016-- Moody's Investors Service affirmed Education Realty Trust, Inc.' s Ba1 preferred stock shelf rating as well as the Baa3 senior unsecured debt rating and Baa3 senior unsecured ...
NYSE - NYSE Real Time Price. Currency in USD
|Bid||44.00 x 100|
|Ask||44.03 x 300|
|Day's Range||43.97 - 44.87|
|52wk Range||31.62 - 48.87|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||58.01|
|Avg Vol (3m)||737,576|
|Dividend & Yield||1.52 (3.41%)|