UDR: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 04:57 PM ET
Last Updated - Jun 22, 2023, 03:21 AM EDT
HIGHLANDS RANCH, Colo. (AP) — HIGHLANDS RANCH, Colo. (AP) — UDR Inc. (UDR) on Wednesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The Highlands Ranch, Colorado-based real estate investment trust said it had funds from operations of $212.3 million, or 60 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 61 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
