UDR, Inc. (UDR) Reports In-Line Q3 EPS, Revenues Beat; Boosts FY18 EPS, AFFO Guidance
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UDR Announces Third Quarter 2018 Results and Increases Full-Year Guidance Ranges
October 29, 2018 4:16 PM EDTDENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Third Quarter 2018 Highlights:
Net income per share was $0.07, Funds from Operations (FFO) per share was $0.49, FFO as Adjusted (FFOA) per share was $0.49, and Adjusted Funds from Operations (AFFO) per share was $0.44. Net income attributable to common stockholders was $17.6 million as compared to $15.3 million in the prior year period. The increase was primarily due to higher income from operating properties. Year-over-year same-store (SS) revenue, expense and net operating income (NOI) growth for the quarter were 3.8 percent, 3.5 percent and 3.9 percent, respectively.... More