UDR Sees Q4 AFFO $0.56-$0.58; Updates FY23 AFFO From $2.24-$2.28 To $2.23-$2.25
Portfolio Pulse from Happy Mohamed
UDR has updated its Q4 2023 and full-year 2023 guidance. The company expects Q4 AFFO per share to be between $0.56 and $0.58. The full-year 2023 AFFO per share guidance has been revised from $2.24-$2.28 to $2.23-$2.25. Other key metrics such as Net Income per share, FFO per share, FFOA per share, and same-store growth have also been updated.
October 26, 2023 | 8:24 pm
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NEGATIVE IMPACT
UDR has revised its Q4 2023 and full-year 2023 guidance downwards. This could potentially impact investor sentiment and the stock's performance in the short term.
UDR's downward revision of its Q4 2023 and full-year 2023 guidance could be perceived negatively by investors, potentially leading to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100