UDR Expects Q2 FFOA Per Share Of $0.60-$0.62 (Est $0.61), Raises FY24 Outlook From $2.36-$2.48 To $2.38-$2.50 (Est $2.44)
Portfolio Pulse from Benzinga Newsdesk
UDR, Inc. anticipates its Q2 FFOA per share to be between $0.60 and $0.62, aligning with the estimated $0.61. Additionally, the company has uplifted its full-year 2024 outlook, raising it from a range of $2.36-$2.48 to $2.38-$2.50, compared to the estimated $2.44.
April 30, 2024 | 8:56 pm
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UDR, Inc. has updated its Q2 FFOA per share forecast to $0.60-$0.62, in line with estimates, and raised its FY24 outlook from $2.36-$2.48 to $2.38-$2.50, slightly above the estimated $2.44.
The adjustment in UDR's forecast, especially the increase in the full-year 2024 outlook, suggests a positive performance trajectory and operational efficiency. This update is likely to instill confidence among investors, potentially leading to a short-term positive impact on UDR's stock price. The alignment of the Q2 FFOA forecast with estimates indicates that the company is performing as expected, which maintains investor confidence and supports stock stability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100