UDR, Inc. (UDR) Reports Q4 FFO of $0.54
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UDR Announces Fourth Quarter and Full-year 2019 Results and 2020 Guidance
February 11, 2020 4:16 PM ESTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Fourth Quarter 2019 Highlights:
Net income per share was $0.33, Funds from Operations (FFO) per share was $0.46, FFO as Adjusted (FFOA) per share was $0.54, and Adjusted FFO (AFFO) per share was $0.48. Net income attributable to common stockholders was $96.9 million as compared to $81.2 million in the prior year period. The increase was primarily due to net operating income (NOI) growth and higher gains on the sale of unconsolidated investments. Year-over-year (YOY) same-store (SS) revenue, expense and NOI growth was 3.3 percent, 1.3 percent and 4.1 percent, respectively. The Companys operating margin (property NOI... More