UDR Q1 FFOA $0.61; raises full-year FFOA guidance midpoint by $0.02

UDR, Inc.

2024-Q1 EPS reported $0.13 revenue$413,634,000

Q1 FFOA $0.61/diluted share vs guidance $0.60-$0.62 and prior year $0.60.
Same-store revenue +3.1% YoY; NOI +1.2% (2.7% ex one-time payroll credit in prior year).
Sold Crescent Falls Church (214 homes) for $100M; completed $53.5M Villas at Fiori development.
Raised FY2024 FFOA midpoint to $2.44 from $2.42; AFFO to $2.18 from $2.16.
Philadelphia JV refinanced loan, adding $0.02 to FY FFOA per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

UDR, Inc. reported the quarter ended March 31, 2024 results: net income $0.13, EPS $0.13 per diluted share. Guidance raised.

Period: the quarter ended March 31, 2024
Net income: $0.13
EPS: $0.13 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

UDR ANNOUNCES FIRST QUARTER RESULTS AND RAISES CERTAIN FULL-YEAR 2024 GUIDANCE RANGES

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UDR, Inc. filing history →

Source: SEC EDGAR

accession 0000074208-24-000036

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