UDR Q1 2024 FFO As Adjusted Per Share $0.61, Inline, Rental Income $411.669M Beat $409.645M Estimate
Portfolio Pulse from Benzinga Newsdesk
UDR, Inc. (NYSE:UDR) reported its Q1 2024 FFO As Adjusted per share at $0.61, meeting analyst consensus estimates. The company's rental income for the quarter was $411.669 million, surpassing the expected $409.645 million by 0.49% and marking a 3.35% increase from the previous year's $398.307 million.
April 30, 2024 | 8:21 pm
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UDR, Inc. reported a solid Q1 2024 with FFO As Adjusted per share at $0.61, aligning with estimates, and rental income exceeding expectations at $411.669 million, a 3.35% increase YOY.
Meeting FFO estimates and exceeding rental income forecasts indicates strong operational performance and financial health. The year-over-year growth in rental income further demonstrates UDR's ability to grow its revenue streams, likely leading to a positive short-term impact on its stock price.
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