UDR Announces Second Quarter 2019 Results and Increases Full-Year Guidance Ranges
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UDR, Inc. (UDR) Tops Q2 EPS by 4c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus, Affirms Q3 EPS Views Above Consensus
July 30, 2019 4:25 PM EDTUDR, Inc. (NYSE: UDR) reported Q2 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $281.31 million versus the consensus estimate of $274.51 million.
Net income per share was $0.12, Funds from Operations (FFO) per share was $0.54, FFO as Adjusted (FFOA) per share was $0.52, and Adjusted Funds from Operations (AFFO) per share was $0.48.Net income attributable to common stockholders was $34.6 million as compared to $19.6 million in the prior year period. The increase was primarily due to higher gains on the sale of real estate and net operating income (NOI) growth.Year-over-year... More