UDR: Q4 Financial Results Overview

UDR Inc. Releases Fourth Quarter Financial Results

UDR Inc., a real estate investment trust headquartered in Highlands Ranch, Colorado, announced its financial performance for the fourth quarter, meeting the expectations set by Wall Street analysts.

During this period, the company reported funds from operations totaling $227.4 million, which translates to 64 cents per share. This figure aligns with the consensus estimate from six analysts polled by Zacks Investment Research.

Funds from operations, a key metric in the REIT sector, is calculated by adding back depreciation and amortization to net income, providing a clearer picture of a company's operating performance.

UDR also reported a net income of $221.7 million, or 67 cents per share, for the quarter.

The trust generated $433.1 million in revenue for the quarter, with adjusted revenue coming in at $428.8 million. This slightly missed the analysts’ projection of $429.5 million, as surveyed by Zacks.

For the full year, UDR’s funds from operations reached $906.4 million, while total revenue amounted to $1.7 billion.

Looking ahead, UDR anticipates funds from operations per share to fall between 61 and 63 cents for the first quarter ending in March. For the entire year, the company projects this figure to range from $2.47 to $2.57 per share.

Financial data for this report was provided by Zacks Investment Research and processed by Automated Insights.