EdR Q2 Results Top Wall Street Estimates

EdR, a real estate investment trust specializing in collegiate housing communities, reported Monday core funds from operations of $0.42 per share, up from $0.39 per share in the prior year period and came in higher than the $0.41 per share Street estimate provided by Capital IQ.

Total revenues were $74 million, up from $65.1 million reported for the same period last year while collegiate housing leasing revenue was $70.1 million, up from $61.7 million and just above the $69.4 million Street estimate. For 2017, the company expects core FFO to range from $1.90 to $2 per share, straddling the $1.93 estimate.

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