UDR Q4 AFFO $0.54 Down From $0.61 YoY, Sales $410.89M Beat $410.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
UDR reported Q4 AFFO of $0.54 per share, down 11.48% from $0.61 YoY. Sales were $410.89M, beating estimates by 0.17% and up 3.13% from last year.
February 06, 2024 | 9:18 pm
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NEUTRAL IMPACT
UDR's Q4 AFFO per share decreased by 11.48% YoY to $0.54, but sales increased by 3.13% to $410.89M, beating estimates.
The decrease in AFFO per share suggests potential concerns about profitability, which could negatively impact investor sentiment. However, the increase in sales and beating sales estimates indicate growth and operational efficiency, potentially offsetting negative impacts. The mixed results lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100