Credit Suisse Upgrades UDR, Inc. (UDR) to Neutral

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Go back to Credit Suisse Upgrades UDR, Inc. (UDR) to Neutral

UDR Announces Third Quarter 2015 Results and Increases Full-Year 2015 Earnings and Same-Store Guidance

October 26, 2015 4:15 PM EDT

DENVER--(BUSINESS WIRE)-- UDR (the Company) Third Quarter 2015 Highlights:

Funds from Operations (FFO) per share was $0.42, FFO as Adjusted per share was $0.42 (+10% year-over-year) and AFFO per share was $0.37 (+11%). Year-over-year same-store (SS) revenue and net operating income (NOI) growth for the quarter were 5.9 percent and 7.3 percent, respectively. Issued $300 million of 4.0 percent, 10-year senior unsecured notes, with a yield-to-maturity of 4.03 percent. Issued ~$102 million of common stock at $35, net, per share, in-line with Street consensus NAV. Subsequent to quarter end, completed the... More