EDUCATION REALTY TRUST, INC. EDR Income Statement

Education realty trust, inc. (EDR)

Income statement / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Education Realty Operating Partnership L.P.
Other Operating Income
-	-	-	0	-	-	-	-	-
Revenues:
Collegiate housing leasing revenue
313,727	274,187	240,623	206,322	167,476	124,087	91,517	86,347	93,359
Third-party development consulting services
5,256	2,364	2,233	6,805	2,989	820	4,103	2,483	8,178
Third-party management services
3,736	3,588	3,670	3,959	3,697	3,446	3,336	3,189	3,221
Operating expense reimbursements
8,347	8,829	8,636	8,707	10,214	9,593	8,604	14,519	9,722
Total revenues
331,066	288,968	255,162	225,793	184,376	137,946	107,560	106,538	114,480
Operating expenses:
Collegiate housing leasing operations
128,358	111,378	101,283	8,988	7,622	6,395	5,498	1,528	207
Development and management services
14,147	10,671	11,446	9,685	6,477	6,266	5,506	5,268	5,933
Collegiate housing leasing operations
-	-	-	92,649	79,957	59,524	44,892	44,703	45,582
General and administrative
14,369	11,603	9,452	10,117	7,678	7,910	6,810	8,105	9,819
Depreciation and amortization
95,501	81,413	68,022	58,974	48,098	33,240	23,858	21,984	22,787
Ground lease expense
13,424	12,462	11,268	-	-	-	-	-	-
Loss on impairment of collegiate housing properties
0	2,500	0	-	-	-	-	-	-
Loss on impairment of collegiate housing properties
-	-	-	12,733	0	0	-	-	-
Other operating expense
6,041	-1,046	0	-	-	-	-	-	-
Reimbursable operating expenses
8,347	8,829	8,636	8,707	10,214	9,593	8,604	13,603	9,722
Total operating expenses
268,105	239,902	210,107	201,853	160,046	122,928	95,168	95,191	94,050
Operating income
62,961	49,066	45,055	23,940	24,330	15,018	12,392	11,347	20,430
Nonoperating (income) expenses:
Interest expense, net of amounts capitalized
15,268	15,454	24,449	20,656	17,526	14,390	17,274	18,729	19,309
Amortization of deferred financing costs
1,574	1,731	2,089	2,156	1,758	1,215	1,197	1,152	939
Interest income
98	490	213	190	447	283	175	414	469
Guarantee fee income from participating development
-	-	-	3,000	0	0	-	-	-
Interest on loan to participating development
-	-	-	6,486	0	0	-	-	-
Gain on insurance settlement
-	-	-	8,133	0	0	-	-	-
Loss on extinguishment of debt
-22	-10,611	-403	-3,543	0	0	-351	0	830
Total nonoperating (income) expenses
-16,766	-27,306	-26,728	-8,546	-18,837	-15,322	-18,647	-19,467	-18,949
Income before equity in earnings of unconsolidated entities, income taxes and gain on sale of collegiate housing properties
46,195	21,760	18,327	15,394	5,493	-304	-6,255	-8,120	1,481
Equity in earnings of unconsolidated entities
-65	-328	-668	-710	-203	-363	-447	-260	-1,410
Income from discontinued operations
-	-	-	-	-	-	-6,556	-34,080	-5,257
Income before income taxes and gain on sale of collegiate housing properties
46,130	21,432	17,659	-	-	-	-	-	-
Income before income taxes and gain on sale of collegiate housing properties
-	-	-	14,684	5,290	-667	-6,702	-8,380	71
Income tax (benefit) expense
584	684	347	261	203	-884	-95	442	1,905
Income before gain on sale of collegiate housing properties
45,546	20,748	17,312	14,423	4,631	8,637	-	-	-
Gain on sale of collegiate housing properties
691	23,956	2,770	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	5,087	217	-6,607	-8,822	-1,834
Loss from discontinued operations
-	-	-	-	-456	8,420	-4,168	-33,469	-5,257
Gain on sale of collegiate housing properties
-	-	-	33,231	0	0	2,388	611	-
Net income
46,237	44,704	20,082	47,654	4,631	8,637	-10,775	-42,291	-7,091
Less: Net loss attributable to the noncontrolling interests
-1,203	-220	171	599	308	216	239	-233	164
Net income attributable to Education Realty Trust, Inc.
47,440	44,924	19,911	47,055	4,323	8,421	-11,014	-42,058	-7,255
Weighted average shares of common stock outstanding - basic and diluted
-	-	-	-	-	-	-	-	40,495
Income (loss) from continuing operations, net of noncontrolling interests
-	-	-	-	-	-	-6,879	-9,095	-2,157
Income from discontinued operations, net of noncontrolling interests
-	-	-	-	-	-	-4,135	-32,963	-5,098
Net income attributable to Education Realty Trust, Inc.
47,440	44,924	19,911	-	-	-	-11,014	-42,058	-7,255
Comprehensive income:
Net income
46,237	44,704	20,082	47,654	4,631	8,637	-10,775	-42,291	-7,091
Other comprehensive income:
Gain (loss) on cash flow hedging derivatives
2,904	1,911	-1,010	-	-	-	-	-	-
Gain (loss) on cash flow hedging derivatives
-	-	-	-4,465	0	0	-	-	-
Comprehensive income
49,141	46,615	19,072	43,189	4,631	8,637	-	-	-
Less: Comprehensive loss attributable to the noncontrolling interests
-1,203	-220	171	599	308	216	-	-	-
Less: comprehensive income attributable to the noncontrolling interests
-1,203	-220	171	-	-	-	239	-233	164
Comprehensive income attributable to Education Realty Trust, Inc.
50,344	46,835	18,901	42,590	4,323	8,421	-	-	-
Earnings per share/unit information:
Continuing operations (usd per share)
-	-	-	-	-	-	-0.09	-0.16	-0.05
Discontinued operations (usd per share)
-	-	-	-	-	-	-0.05	-0.57	-0.13
Net income attributable to Education Realty Trust, Inc. common stockholders per share basic and diluted (in dollars per share)
0.60	0.65	0.40	-	-	-	-0.14	-0.73	-0.18
Continuing operations (usd per share)
-	-	-	-	0.12	0.00	-	-	-
Discontinued operations (usd per share)
-	-	-	-	-0.01	0.25	-	-	-
Earnings per share - basic (in dollars per share)
-	-	-	1.10	0.11	0.25	-	-	-
Continuing operations (usd per share)
-	-	-	-	0.12	0.00	-	-	-
Discontinued operations (usd per share)
-	-	-	-	-0.01	0.25	-	-	-
Earnings per share - diluted (in dollars per share)
-	-	-	1.09	0.11	0.25	-	-	-
Distributions per share of common stock (usd per share)
-	-	-	-	-	-	-	0.20	0.36
Weighted average shares/units outstanding:
Weighted average common shares outstanding - basic (in shares)
74,263	69,336	49,676	42,934	38,144	33,747	75,485	57,535	-
Weighted average common shares outstanding - diluted (in shares)
74,465	69,600	49,991	43,277	38,490	34,105	75,485	57,535	-