earnings
confidence high
sentiment neutral
materiality 0.55
UDR Q1 net income $0.23 beat prior year but FFO $0.58 below guidance; reaffirms FY 2025 outlook
UDR, Inc.
2025-Q1 EPS reported
$0.23
revenue$421,948,000
- Net income $0.23 diluted EPS vs guidance $0.24-$0.26, up 77% YoY from $0.13.
- FFO per share $0.58 below guidance $0.60-$0.62, down 3% YoY; FFOA flat at $0.61.
- Same-store NOI +2.8% YoY; revenue +2.6%, expense +2.3%.
- Completed $211.5M in asset sales (Leonard Pointe $127.5M, One William $84.0M).
- Reaffirmed FY 2025 FFO guidance $2.45-$2.55; Q2 FFO guidance $0.61-$0.63.