UDR Q2 FFO $0.61 Up From $0.57 YoY, Sales $403.10M Miss $405.84M Estimate
Portfolio Pulse from saritha@benzinga.com
UDR Inc. (NYSE:UDR) reported Q2 earnings of $0.61 per share, a 7.02% increase YoY. However, the company's quarterly sales of $403.10 million missed the analyst consensus estimate of $405.84 million by 0.68%, despite being a 9.61% increase over the same period last year.
July 26, 2023 | 8:20 pm
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UDR's Q2 earnings beat last year's figures but sales missed analyst estimates. This mixed result may lead to uncertain market reactions.
UDR's earnings have increased YoY, which is a positive signal for investors. However, the company missed sales estimates, which could be a concern. The mixed results make the short-term impact on the stock uncertain.
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RELEVANCE 100