UDR, Inc. (UDR) Tops Q2 FFO by 1c and Offers Guidance
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UDR Announces Second Quarter 2016 Results and Updates Full-Year Guidance
July 26, 2016 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR (the Company) Second Quarter 2016 Highlights:
Net income per share was $0.06, Funds from Operations (FFO) per share was $0.44, FFO as Adjusted per share was $0.45, and Adjusted Funds from Operations (AFFO) per share was $0.41. Net income attributable to common stockholders was $17.0 million as compared to $85.9 million in the prior year. The decrease year-over-year was primarily due to lower gains on the sale of real estate. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth for the quarter were 5.7 percent, 5.5 percent and 5.7 percent, respectively.... More