UDR, Inc. (UDR) Tops Q2 EPS by 10c, Revenues Miss

UDR, Inc. (NYSE: UDR) reported Q2 EPS of $0.19, $0.10 better than the analyst estimate of $0.09. Revenue for the quarter came in at $307.26 million versus the consensus estimate of $314.79 million.

“UDR continues to operate at a high level due to the capabilities of our Next Generation Operating Platform, and is in a strong liquidity position to execute on the diverse set of opportunities our experienced teams continue to identify. However, ongoing regulatory impediments as well as the uncertainties surrounding the cadence of state re-openings limit our ability to provide guidance for the remainder of 2020,” said Tom Toomey, UDR’s Chairman and CEO. “I commend our associates for the hard work, dedication, and compassion they have shown in collaboration with our residents through this difficult time.”

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