UDR, Inc. (UDR) Tops Q2 EPS by 10c, Revenues Miss

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Go back to UDR, Inc. (UDR) Tops Q2 EPS by 10c, Revenues Miss

UDR Announces Second Quarter 2020 Results

July 28, 2020 4:16 PM EDT

DENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) Second Quarter 2020 Highlights:

Net income per share was $0.19, Funds from Operations (FFO) per share was $0.51, FFO as Adjusted (FFOA) per share was $0.51, and Adjusted FFO (AFFO) per share was $0.47. Net income attributable to common stockholders was $56.7 million as compared to $34.6 million in the prior year period. The increase was primarily due to net operating income (NOI) growth and gains from the sale of communities during the quarter, partially offset by increased depreciation from communities acquired during 2019 and 2020 as well as the Company recording bad debt reserves against its residential... More