UDR, Inc. (UDR) Reports In-Line Q1 FFO
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UDR Announces First Quarter 2017 Results
April 24, 2017 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR (the Company) First Quarter 2017 Highlights:
Net income per share was $0.09, Funds from Operations (FFO) per share was $0.45, FFO as Adjusted per share was $0.45, and Adjusted Funds from Operations (AFFO) per share was $0.43. Net income attributable to common stockholders was $25.0 million as compared to $9.5 million in the prior year period. The year-over-year increase was primarily due to higher revenues and a gain upon consolidation of CityLine. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth for the quarter were 4.6 percent, 3.8 percent and 4.9 percent, respectively.... More