Education realty trust, inc. (EDR)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Education Realty Operating Partnership L.P.
Other Operating Income

-

-

-

1,704

-

-

-

1,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues:
Collegiate housing leasing revenue

74,190

87,749

91,786

71,085

70,071

80,785

80,437

61,877

61,690

70,183

71,781

54,725

53,734

60,383

61,645

47,657

46,309

50,711

51,138

39,550

37,335

39,453

34,332

28,829

29,295

31,631

15,773

23,431

25,613

26,700

21,889

23,335

Third-party development consulting services

0

0

1,063

1,222

1,156

1,815

636

778

467

483

702

490

444

597

1,541

3,705

757

802

1,000

839

759

391

330

145

17

328

622

1,132

1,073

1,276

334

648

Third-party management services

599

905

1,102

858

831

945

1,032

965

697

894

972

865

780

1,053

1,103

1,052

786

1,018

987

918

823

969

995

879

719

853

911

846

745

834

762

707

Operating expense reimbursements

1,593

2,074

1,915

2,195

1,984

2,253

2,119

2,605

2,286

1,819

2,065

2,109

2,366

2,096

2,215

2,290

2,188

2,014

2,073

2,162

2,121

3,858

2,179

3,015

2,281

2,118

2,228

2,503

2,018

1,855

7,152

1,957

Total revenues

76,382

90,728

95,866

75,360

74,042

85,798

84,224

66,225

65,140

73,379

75,520

58,189

57,324

64,129

66,504

54,704

50,040

54,545

55,198

43,469

41,038

44,671

37,836

32,868

32,312

34,930

19,534

27,912

29,449

30,665

30,137

26,647

Operating expenses:
Collegiate housing leasing operations

32,165

32,174

32,067

37,076

30,338

28,877

49,391

32,512

26,166

3,309

93,327

2,938

2,170

2,848

2,826

2,329

1,934

1,899

1,991

1,833

2,210

1,588

1,679

1,696

1,509

1,511

1,401

1,365

1,366

1,366

347

83

Development and management services

2,984

2,851

3,253

5,218

2,775

2,901

2,706

2,716

2,728

2,521

3,218

3,019

2,507

2,702

2,725

2,337

2,282

2,341

1,253

1,826

1,627

1,771

1,510

1,493

1,647

1,616

1,393

1,466

1,316

1,331

1,251

1,270

Collegiate housing leasing operations

-

-

-

-

-

-

-

-

-

24,889

-

28,444

22,868

24,140

22,586

26,920

20,975

22,168

20,579

23,847

17,812

17,719

13,546

18,613

13,619

13,746

4,392

15,920

12,266

12,314

14,155

10,375

General and administrative

8,605

2,919

4,784

2,820

3,338

3,427

2,714

2,701

3,079

3,109

2,820

1,434

2,559

2,639

2,593

3,422

1,984

2,118

1,925

1,709

2,021

2,023

2,009

1,851

1,933

2,117

2,132

1,700

1,605

1,373

2,074

2,766

Depreciation and amortization

23,879

22,507

22,693

22,449

24,520

25,839

22,462

22,336

19,099

17,516

18,417

17,828

15,911

15,866

16,045

14,688

14,458

13,783

14,550

11,387

11,562

10,599

9,240

8,268

7,860

7,872

3,636

6,376

7,106

6,740

6,129

5,947

Ground lease expense

2,647

3,788

3,965

3,437

2,462

3,560

-

3,224

2,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of collegiate housing properties

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

953

9,870

1,910

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Other operating expense

0

0

-

-

0

-500

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reimbursable operating expenses

1,593

2,074

1,915

2,195

1,984

2,253

2,119

2,605

2,286

1,819

2,065

2,109

2,366

2,096

2,215

2,290

2,188

2,014

2,073

2,162

2,121

3,858

2,179

3,015

2,281

2,118

2,228

2,503

2,018

1,855

6,236

1,957

Total operating expenses

71,873

66,313

63,840

71,491

65,417

67,357

66,091

64,994

55,654

53,163

55,663

55,772

48,381

50,291

48,990

52,939

53,691

46,233

42,371

42,764

37,353

37,558

30,163

34,936

28,849

28,980

15,182

29,330

25,677

24,979

30,192

22,398

Operating income

4,509

24,415

32,026

3,869

8,625

18,441

18,133

1,231

9,486

20,216

19,857

2,417

8,943

13,838

17,514

1,765

-3,651

8,312

12,827

705

3,685

7,113

7,673

-2,068

3,463

5,950

4,352

-1,418

3,772

5,686

-55

4,249

Nonoperating (income) expenses:
Interest expense, net of amounts capitalized

4,122

4,751

4,894

4,284

3,062

3,028

3,345

3,811

3,635

4,663

6,834

6,223

5,451

5,941

5,580

4,508

4,967

5,601

5,048

4,569

3,855

4,054

3,449

3,354

3,477

4,110

3,714

4,176

4,642

4,742

4,889

4,888

Amortization of deferred financing costs

350

363

389

406

358

421

351

443

457

480

562

520

491

516

623

516

514

503

490

438

410

420

304

288

275

348

277

352

284

284

284

312

Interest income

21

43

32

17

17

32

61

155

200

74

69

39

67

38

-9,448

9,527

41

70

75

129

124

119

131

108

23

21

46

37

47

45

174

110

Gain on consolidation of unconsolidated joint ventures

34,259

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on insurance settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,133

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

0

0

0

0

0

-22

0

-475

-216

-9,920

-403

0

0

0

-2,651

-243

0

-649

0

0

0

0

-

-

-

-

0

0

0

-351

-

-

Total nonoperating (income) expenses

29,808

-5,071

-5,251

-4,673

-3,403

-3,439

-3,635

-4,574

-4,108

-14,989

-7,730

-6,704

-5,875

-6,419

-8,816

12,393

-5,440

-6,683

-5,463

-4,878

-4,141

-4,355

-3,622

-3,534

-3,729

-4,437

-3,945

-4,491

-4,879

-5,332

-4,999

-5,090

Income before equity in earnings of unconsolidated entities, income taxes and gain on sale of collegiate housing properties

34,317

19,344

26,775

-804

5,222

15,002

14,498

-3,343

5,378

5,227

12,127

-4,287

3,068

7,419

8,698

14,158

-9,091

1,629

7,364

-4,173

-456

2,758

4,051

-5,602

-266

1,513

407

-5,909

-1,107

354

-5,054

-841

Equity in earnings of unconsolidated entities

6,889

-58

-206

-243

129

255

289

-480

107

-244

155

-427

-202

-194

-340

-236

-112

-22

-100

-61

-22

-20

-23

-39

-38

-263

-39

-390

-23

5

-328

7

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,168

503

-

-

-

-

-

-

-

-

-

-

Income before income taxes and gain on sale of collegiate housing properties

41,206

19,286

26,569

-1,047

5,351

15,257

-

-3,823

5,485

-

-

-

-

-

-

-

-

-

-

-4,482

3,689

3,478

-

-

-

-

-

-

-

-

-

-

Income before income taxes and gain on sale of collegiate housing properties

-

-

-

-

-

-

-

-

-

4,983

-

-4,714

2,866

7,225

8,358

13,922

-9,203

1,607

7,264

-4,234

-478

2,738

4,028

-5,641

-304

1,250

368

-6,299

-1,130

359

-

-834

Loss before income taxes and discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,382

-

Income tax (benefit) expense

-36

66

1,532

-416

353

-885

460

84

89

51

22

157

90

78

-337

910

-357

45

472

-32

0

-237

233

-638

-404

-75

182

-60

-371

154

444

-102

Income before gain on sale of collegiate housing properties

41,242

19,220

25,037

-631

4,998

16,142

14,327

-3,907

5,396

4,932

12,260

-4,871

2,776

7,147

8,695

13,012

-8,846

1,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,792

-4,202

-478

2,975

3,795

-5,003

100

1,325

186

-6,239

-759

205

-5,826

-732

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-280

-

-

1,183

5,372

1,076

789

-5,786

-318

1,275

661

-34,622

130

Gain on sale of collegiate housing properties

20,979

21,358

-

0

691

0

-

0

12,083

11,873

-

0

0

0

13,908

8,421

0

10,902

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Net income

62,221

40,578

25,037

-631

5,689

16,142

14,327

-3,907

17,479

16,805

15,030

-4,871

2,776

7,147

22,603

21,433

-8,846

12,464

1,945

-4,482

3,690

3,478

4,978

369

1,176

2,114

-5,600

-6,557

516

866

-40,448

-602

Less: Net loss attributable to the noncontrolling interests

-1,193

-380

-341

-476

-371

-15

194

-374

-176

136

257

-151

-141

206

206

33

-38

398

301

-20

-142

169

190

-120

-80

226

179

-91

-60

211

-628

-12

Net income attributable to Education Realty Trust, Inc.

63,414

40,958

25,378

-155

6,060

16,157

14,133

-3,533

17,655

16,669

14,773

-4,720

2,917

6,941

22,397

21,400

-8,808

12,066

1,644

-4,462

3,832

3,309

4,788

489

1,256

1,888

-5,779

-6,466

576

655

-39,820

-590

Weighted average shares of common stock outstanding - basic and diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103,929

-

-

-

-

-

-

-

-

Weighted average shares of common stock outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,061

-

-

57,719

56,933

Income (loss) from continuing operations, net of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,184

-298

2,810

-

-4,842

190

1,107

-45

-6,153

-683

2

-5,723

-717

Income from discontinued operations, net of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-278

4,130

499

-

5,331

1,066

781

-5,734

-313

1,259

653

-34,097

127

Net income attributable to Education Realty Trust, Inc.

63,414

40,958

25,378

-155

6,060

16,157

-

-3,533

17,655

-

-

-

-

-

-

-

-

-

-

-4,462

3,832

3,309

-

489

1,256

1,888

-5,779

-6,466

576

655

-39,820

-590

Comprehensive income:
Net income

62,221

40,578

25,037

-631

5,689

16,142

14,327

-3,907

17,479

16,805

15,030

-4,871

2,776

7,147

22,603

21,433

-8,846

12,464

1,945

-4,482

3,690

3,478

4,978

369

1,176

2,114

-5,600

-6,557

516

866

-40,448

-602

Other comprehensive income:
Gain (loss) on cash flow hedging derivatives

983

2,275

1,824

367

-365

1,078

-

1,651

-1,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on cash flow hedging derivatives

-

-

-

-

-

-

-

-

-

-3,446

-

-3,081

2,091

-2,439

-2,051

1,343

-2,394

-1,363

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Comprehensive income

63,204

42,853

26,861

-264

5,324

17,220

19,075

-2,256

16,437

13,359

17,449

-7,952

4,867

4,708

20,552

22,776

-11,240

11,101

1,945

-4,482

3,690

3,478

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive loss attributable to the noncontrolling interests

-1,193

-380

-341

-476

-371

-15

194

-374

-176

136

257

-151

-141

206

206

33

-38

398

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: comprehensive income attributable to the noncontrolling interests

-1,193

-380

-341

-476

-371

-15

-

-374

-176

-

-

-

-

-

-

-

-

-

-

-20

-142

169

-

-120

-80

226

179

-91

-60

211

-628

-12

Comprehensive income attributable to Education Realty Trust, Inc.

64,397

43,233

27,202

212

5,695

17,235

18,881

-1,882

16,613

13,223

17,192

-7,801

5,008

4,502

20,346

22,743

-11,202

10,703

1,644

-4,462

3,832

3,309

-

-

-

-

-

-

-

-

-

-

Earnings per share/unit information:
Continuing operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

0.00

0.03

-

-0.05

0.00

0.01

0.01

-0.09

-0.01

0.00

-0.10

-0.01

Discontinued operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.04

0.00

-

0.05

0.01

0.01

-0.08

0.00

0.02

0.01

-0.59

0.00

Net income attributable to Education Realty Trust, Inc. common stockholders per share basic and diluted (in dollars per share)

-

0.53

-

-0.01

-

0.21

-

-0.05

-

-

-

-0.10

-

-

-

-

-0.23

0.31

-

-0.04

0.04

0.03

-

0.00

0.01

0.02

-0.07

-0.09

0.01

0.01

-0.69

-0.01

Earnings per share - basic (in dollars per share)

-

-

-

-

-

-

-

-

0.26

0.27

-

-

0.06

0.14

-

0.46

-

0.31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per share - diluted (in dollars per share)

-

-

-

-

-

-

-

-

0.26

0.26

-

-

0.06

0.14

-

0.45

-

0.31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions per share of common stock (in dollars per share)

0.39

0.39

-

0.39

0.38

0.38

-

0.38

0.37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions per share of common stock (usd per share)

-

-

-

-

-

-

-

-

-

0.37

-

0.37

0.36

0.36

-

0.36

0.33

-

-

0.11

0.10

0.10

-

100.00

70.00

0.07

-

0.07

0.05

0.05

0.05

0.05

Weighted average shares/units outstanding:
Weighted average common shares outstanding - basic (in shares)

77,101

76,214

76,232

73,687

73,623

73,510

73,437

73,205

68,025

62,677

53,485

48,526

48,514

48,179

47,745

46,767

38,886

38,338

-190,324

114,812

114,452

113,635

-

-

94,974

92,838

-

-

72,209

70

-

-

Weighted average common shares outstanding - diluted (in shares)

77,250

76,385

76,557

73,687

73,841

73,775

73,939

73,205

68,293

62,963

54,105

48,526

48,832

48,501

48,425

47,113

38,886

38,684

-189,977

114,812

114,452

114,673

-

-

96,041

93,937

-

-

72,209

71

-

-