UDR, Inc. (UDR) Tops Q1 EPS by 2c

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Go back to UDR, Inc. (UDR) Tops Q1 EPS by 2c

UDR Announces First Quarter 2021 Results and Increases Certain Full-Year 2021 Guidance Ranges

April 27, 2021 4:16 PM EDT

DENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) First Quarter 2021 Highlights:

Net income per share was $0.01, Funds from Operations (FFO) per share was $0.32, FFO as Adjusted (FFOA) per share was $0.47, and Adjusted FFO (AFFO) per share was $0.44. Net income attributable to common stockholders was $2.0 million compared to net income of $4.2 million in the prior year period, primarily due to higher costs associated with debt extinguishment and a decline in Same-Store net operating income (NOI), partially offset by gains from the sale of communities during the quarter. Year-over-year (YOY) Same-Store results during the first quarter of 2021, with... More