UDR, Inc. (UDR) Reports In-Line Q3 EPS, Offers FY Guidance
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UDR Announces Third Quarter 2016 Results and Updates Full-Year Guidance
October 25, 2016 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR (the Company) Third Quarter 2016 Highlights:
Net income per share was $0.10, Funds from Operations (FFO) per share was $0.46, 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 $26.0 million as compared to $12.4 million in the prior year period. The year-over-year increase was primarily due to higher 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 5.3 percent, 2.5 percent and 6.4 percent, respectively.... More