UDR, Inc. (UDR) Tops Q4 EPS by 21c, Revenues Beat; Offers Q1/FY19 EPS Mid-Point Guidance Above Consensus

UDR, Inc. (NYSE: UDR) reported Q4 EPS of $0.30, $0.21 better than the analyst estimate of $0.09. Revenue for the quarter came in at $267.67 million versus the consensus estimate of $263.45 million.

• Net income per share was $0.30, Funds from Operations (“FFO”) per share was $0.49, FFO as Adjusted (“FFOA”) per share was $0.50, and Adjusted Funds from Operations (“AFFO”) per share was $0.46.
• Net income attributable to common stockholders was $81.2 million as compared to $68.4 million in the prior year period. The increase was driven by higher operating income and gains on the sale of real estate.
• Year-over-year (“YOY”) same-store (“SS”) revenue, expense and net operating income (“NOI”) growth rates were 3.7, 4.4, and 3.4 percent, respectively.
• The Company’s $779.0 million pro-rata share of development projects in lease-up continued to realize strong demand, ending the fourth quarter at a weighted average 85.5 percent leased.

GUIDANCE:

UDR, Inc. sees Q1 2019 EPS of $0.09-$0.11, versus the consensus of $0.09.

UDR, Inc. sees FY2019 EPS of $0.38-$0.42, versus the consensus of $0.38.

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

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