UDR, Inc. (UDR) Reports In-Line Q1 FFO
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UDR Announces First Quarter 2018 Results
April 25, 2018 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) First Quarter 2018 Highlights:
Net income per share was $0.30, Funds from Operations (FFO) per share was $0.47, FFO as Adjusted (FFOA) per share was $0.47, and Adjusted Funds from Operations (AFFO) per share was $0.45. Net income attributable to common stockholders was $80.8 million as compared to $25.0 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 was 3.0 percent, 3.6 percent and 2.7 percent, respectively.... More