UDR Q1 2023 FFOA per share $0.60, up 9% YoY; same-store NOI up 11.7%

UDR, Inc.

2023-Q1 EPS reported $0.09 revenue$399,549,000

Net income per diluted share $0.09 (vs guidance $0.10-$0.12); FFO per share $0.59 (guidance $0.59-$0.61).
FFOA per share $0.60, up 9% YoY; AFFO per share $0.57, up 12% YoY.
Same-store revenue growth 9.6% YoY (straight-line); same-store NOI growth 11.7% YoY.
Completed construction of The MO ($145M, 300 homes) in Washington, D.C.; stabilized two developments.
Reaffirmed full-year 2023 guidance; Q2 2023 FFOA guidance $0.60-$0.62.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UDR, Inc. reported the quarter ended March 31, 2023 results: EPS $0.09. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
EPS: $0.09
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net Income, Funds from Operations (“FFO”), FFO as Adjusted (“FFOA”), and Adjusted FFO (“AFFO”) per diluted share for the quarter ended March 31, 2023 are detailed below.

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UDR, Inc. filing history →

Source: SEC EDGAR

accession 0000074208-23-000040

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