UDR, Inc. (UDR) Misses Q4 EPS by 1c, Revenues Miss
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UDR Announces Fourth Quarter and Full-Year 2020 Results and 2021 Guidance
February 9, 2021 4:16 PM ESTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Fourth Quarter 2020 Highlights:
Net income per share was $0.09, Funds from Operations (FFO) per share was $0.39, FFO as Adjusted (FFOA) per share was $0.49, and Adjusted FFO (AFFO) per share was $0.43. Net income attributable to common stockholders was $25.5 million compared to net income of $96.9 million in the prior year period, primarily due to lower gains from sold properties and a decline in Combined Same-Store net operating income (NOI). Year-over-year (YOY) Combined Same-Store results during the fourth quarter of 2020, with concessions accounted for on cash and straight-line bases, as compared to the... More