UDR, Inc. (UDR) Reports In-Line Q1 EPS, Revenues Beat; Offers Q2 & FY19 EPS Outlook
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UDR Announces First Quarter 2019 Results
April 30, 2019 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) First Quarter 2019 Highlights:
Net income per share was $0.08, Funds from Operations (FFO) per share was $0.51, FFO as Adjusted (FFOA) per share was $0.50, and Adjusted Funds from Operations (AFFO) per share was $0.47. Net income attributable to common stockholders was $23.5 million as compared to $80.8 million in the prior year period. The decrease was primarily due to lower gains on the sale of real estate. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth was 3.8 percent, 3.0 percent and 4.1 percent, respectively.... More