UDR, Inc. (UDR) Tops Q2 EPS by 2c, Beats on Revenues; Boosts FY18 Guidance
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UDR Announces Second Quarter 2018 Results and Increases Full-Year Guidance Ranges
July 30, 2018 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Second Quarter 2018 Highlights:
Net income per share was $0.07, Funds from Operations (FFO) per share was $0.49, FFO as Adjusted (FFOA) per share was $0.49, and Adjusted Funds from Operations (AFFO) per share was $0.45. Net income attributable to common stockholders was $19.6 million as compared to $9.2 million in the prior year period. The increase was primarily due to higher income from operating properties. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth for the quarter were 3.4 percent, 2.9 percent and 3.5 percent, respectively.... More