UDR, Inc. (UDR) Tops Q2 FFO by 1c; Lifts Outlook

UDR, Inc. (NYSE: UDR) reported Q2 FFO of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $215.9 million versus the consensus estimate of $211.19 million.

Increased full-year 2015 earnings and same-store growth guidance:

• FFO per share guidance range increased by $0.01 at the midpoint. FFO as Adjusted and AFFO per share guidance ranges increased by $0.02 at the midpoints, or 1.2 and 1.4 percent, respectively.
• SS revenue growth guidance range: 5.00 to 5.50 percent (+75 bps at the midpoint).
• SS NOI growth guidance range: 5.75 to 6.75 percent (+100 bps at the midpoint).

For earnings history and earnings-related data on UDR, Inc. (UDR) click here.

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