UDR Announces Third Quarter 2019 Results

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Go back to UDR Announces Third Quarter 2019 Results

UDR, Inc. (UDR) Tops Q3 EPS by 1c, Revenues Beat; Lowers FY19 EPS Guidance

October 29, 2019 4:21 PM EDT

UDR, Inc. (NYSE: UDR) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $295.39 million versus the consensus estimate of $285.08 million.

Net income per share was $0.09, Funds from Operations (FFO) per share was $0.53, FFO as Adjusted (FFOA) per share was $0.52, and Adjusted FFO (AFFO) per share was $0.48.
Net income attributable to common stockholders was $26.2 million as compared to $17.6 million in the prior year period. The increase was primarily due to higher gains on the sale of unconsolidated investments, the realization of a joint venture (JV) development success fee and net... More