UDR, Inc. (UDR) Reports In-Line Q4 FFO, Offers FY17 Guidance
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UDR Announces Fourth Quarter and Full-Year 2016 Results
January 30, 2017 4:16 PM EST~Provides 2017 Guidance and 2017/2018 Strategic Outlook~
DENVER--(BUSINESS WIRE)-- UDR (the Company) Fourth Quarter 2016 Highlights:
Net income per share was $0.88, Funds from Operations (FFO) per share was $0.47, FFO as Adjusted per share was $0.46, and Adjusted Funds from Operations (AFFO) per share was $0.40. Net income attributable to common stockholders was $236.7 million as compared to $161.3 million in the prior year period. The 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 5.0 percent, 4.2... More