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CIK 1302343

EDUCATION REALTY TRUST, INC.
CIK 0001302343 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
79.4
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2017-12-31 ยท TRIGGERED100.0

Tax arbitrage

ETR 1.3% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2017-12-31": 0.0127,
    "2016-12-31": 0.0319,
    "2015-12-31": 0.0197
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2017-12-31": 0.1973,
    "2016-12-31": 0.1781,
    "2015-12-31": 0.1903
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1302343/000130234318000049/0001302343-18-000049-index.htm",
    "form": "10-K",
    "filed": "2018-02-27"
  }
}
P-12 ยท FY 2017-12-31 ยท TRIGGERED65.8

Restatement predictor

F-Score 1.97 โ€” misstatement risk 2.0x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.973,
  "probability": 0.0073,
  "components": {
    "rsst": -0.0377,
    "drec": null,
    "dinv": null,
    "soft": 0.9876,
    "dcs": 0.1457,
    "droa": -0.0022,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1302343/000130234318000049/0001302343-18-000049-index.htm",
    "form": "10-K",
    "filed": "2018-02-27"
  }
}
P-01 ยท FY 2017-12-31 ยท CLEAN28.3

Earnings quality

Beneish M-Score -2.51 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.51,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1.006,
    "AQI": 1.001,
    "SGI": 1.146,
    "DEPI": 0.98,
    "SGAI": 1,
    "LVGI": 1,
    "TATA": -0.034
  },
  "defaulted_to_neutral": [
    "DSRI",
    "SGAI",
    "LVGI"
  ],
  "sloan_accruals": -0.0377,
  "inputs": {
    "revenue_t": 331066000,
    "revenue_t1": 288968000,
    "total_assets_t": 3015164000,
    "net_income_t": 47440000,
    "cfo_t": 151444000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1302343/000130234318000049/0001302343-18-000049-index.htm",
    "form": "10-K",
    "filed": "2018-02-27"
  }
}
P-13 ยท FY 2017-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 4.12x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2017-12-31": 4.124,
    "2016-12-31": 3.175,
    "2015-12-31": 1.843,
    "2014-12-31": 1.159
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.875,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 62961000,
    "interest_expense_t": 15268000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1302343/000130234318000049/0001302343-18-000049-index.htm",
    "form": "10-K",
    "filed": "2018-02-27"
  }
}