UDR shares are trading lower after the company reported worse-than-expected Q3 revenue results and slightly lowered FY23 AFFO guidance.
Portfolio Pulse from Benzinga Newsdesk
UDR Inc. reported lower than expected Q3 revenue results and slightly reduced its FY23 AFFO guidance, leading to a decrease in its share price.
October 27, 2023 | 3:04 pm
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UDR Inc.'s shares are trading lower due to worse-than-expected Q3 revenue results and a slight reduction in FY23 AFFO guidance.
UDR Inc.'s shares are trading lower as the company reported lower than expected Q3 revenue results, which indicates a potential weakness in its operations. Additionally, the company slightly lowered its FY23 AFFO guidance, which could be interpreted by investors as a sign of future financial instability, leading to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100