UDR, Inc. (UDR) Misses Q3 EPS by 8c, Revenues Beat
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UDR Announces Third Quarter 2020 Results and Fourth Quarter 2020 Guidance
October 29, 2020 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Third Quarter 2020 Highlights:
Net loss per share was ($0.09), Funds from Operations (FFO) per share was $0.42, FFO as Adjusted (FFOA) per share was $0.50, and Adjusted FFO (AFFO) per share was $0.45. Net loss attributable to common stockholders was ($26.3) million compared to net income of $26.2 million in the prior year period, primarily due to a decline in Combined Same-Store net operating income (NOI), depreciation from communities acquired since 2019, and costs associated with debt extinguishment. Year-over-year (YOY) Combined Same-Store results during the third quarter of 2020, with concessions accounted for on cash and... More