UDR, Inc. (UDR) Reports In-Line Q2 FFO
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UDR Announces Second Quarter 2017 Results and Increases Full-Year 2017 Earnings and Same-Store Guidance
July 26, 2017 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR (the Company) Second Quarter 2017 Highlights:
Net income per share was $0.03, Funds from Operations (FFO) per share was $0.45, FFO as Adjusted per share was $0.47, and Adjusted Funds from Operations (AFFO) per share was $0.43. Net income attributable to common stockholders was $9.2 million as compared to $17.0 million in the prior year period. The decrease was primarily due to the absence of gains on the sale of real estate and higher debt prepayment costs. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth for the quarter were 3.9 percent, 3.1 percent and 4.2... More