Education Realty Trust Increases Quarterly Dividend 40% to $0.07/Share

Education Realty Trust Inc. (NYSE: EDR) today announced its board of directors has approved a quarterly cash dividend of $ 0.07 per share of common stock for the quarter ending June 30, 2011. The dividend will be payable August 16, 2011, to shareholders of record as of July 29, 2011.

With this dividend increase, the annualized dividend of $ 0.28 per share represents approximately 70% of the previously issued 2011 Core Funds from Operations guidance range of $ 0.38 to $ 0.42 per share and represents a 3.3% yield based on the closing price of EDR stock on June 22, 2011.