EdR Outlook Upgraded to Positive by Standard & Poor’s

MEMPHIS, Tenn.--()--EdR (NYSE:EDR), a leader in the ownership, development and management of collegiate housing, today announced that Standard and Poor’s (“S&P”) has upgraded its outlook on the company to positive from stable, and affirmed its 'BB+' corporate credit rating for EdR and its 'BBB-' issue-level rating on EdR's senior unsecured notes.

“based the positive outlook on our view that EdR's stabilized communities will deliver modest growth, supported by favorable near-term fundamentals, and will be supplemented by the delivery of new development projects currently in process.”

In its RatingsDirect publication dated August 5, 2015, S&P states that it “based the positive outlook on our view that EdR's stabilized communities will deliver modest growth, supported by favorable near-term fundamentals, and will be supplemented by the delivery of new development projects currently in process.”

About EdR

One of America's largest owners, developers and managers of collegiate housing, EdR (NYSE:EDR) is a self-administered and self-managed real estate investment trust that owns or manages 74 communities with nearly 39,000 beds serving 52 universities in 23 states. EdR is a member of the Russell 2000 Index and the Morgan Stanley REIT indices. For details, please visit the Company's Web site at www.EdRtrust.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements about the company's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the company's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" in our annual report on Form 10-K and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in our quarterly reports on Form 10-Q, and as described in our other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the dates on which they are made, and the company undertakes no obligation to update publicly or revise any guidance or other forward-looking statement, whether as a result of new information, future developments, or otherwise, unless required by law.

Contacts

EdR
Bill Brewer, Executive Vice President and Chief Financial Officer
901-259-2500
bbrewer@EdRtrust.com
or
J. Drew Koester, Senior Vice President – Capital Markets and Investor Relations
901-259-2500
dkoester@EdRtrust.com
or
For media information or photography:
Susan Jennings, Vice President, Corporate Communication and Marketing
901-259-2506
sjennings@EdRtrust.com

EdR