UDR, Inc. (UDR) Reports In-Line Q4 FFO, Offers Q1 & FY Guidance
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UDR Announces Fourth Quarter and Full-Year 2015 Results
February 2, 2016 4:16 PM EST~ Provides 2016 Guidance and Updated 2-Year Strategic Outlook ~
DENVER--(BUSINESS WIRE)-- UDR (the Company) Fourth Quarter 2015 Highlights:
Funds from Operations (FFO) per share was $0.41, FFO as Adjusted per share was $0.42 (+9% year-over-year) and AFFO per share was $0.37 (+11%). Year-over-year same-store revenue and net operating income (NOI) growth for the quarter were 6.2 percent and 6.6 percent, respectively. Acquired $901 million of apartment communities located in Washington, D.C. in conjunction with the Home Properties privatization. Amended unsecured revolving credit facility and amended and consolidated term loans outstanding.... More