UDR Sees Q3 2024 FFOA $0.61-$0.63 Vs $0.62 Estimate; Sees FY24 FFOA $2.42-$2.50 Vs $2.54 Estimate
Portfolio Pulse from Benzinga Newsdesk
UDR, Inc. has provided its Q3 2024 Funds From Operations as Adjusted (FFOA) guidance in the range of $0.61 to $0.63 per share, compared to the consensus estimate of $0.62. For the full fiscal year 2024, UDR expects FFOA to be between $2.42 and $2.50 per share, which is below the consensus estimate of $2.54.
July 30, 2024 | 9:03 pm
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UDR, Inc. has provided its Q3 2024 FFOA guidance in the range of $0.61 to $0.63 per share, compared to the consensus estimate of $0.62. For the full fiscal year 2024, UDR expects FFOA to be between $2.42 and $2.50 per share, which is below the consensus estimate of $2.54.
The guidance for both Q3 2024 and FY24 is either in line or below the consensus estimates. This could lead to a negative short-term impact on UDR's stock price as investors may react to the lower-than-expected full-year guidance.
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