UDR

Financial | REIT - Residential | USA
UDR (UDR) Tops Q4 FFO and Revenue Estimates

UDR (UDR - Free Report) came out with quarterly funds from operations (FFO) of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 2.04%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.49 per share when it actually produced FFO of $0.49, delivering no surprise.

Over the last four quarters, the company has surpassed consensus FFO estimates two times.

UDR, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $264.73 million for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $252.88 million. The company has topped consensus revenue estimates four times over the last four quarters.

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https://www.zacks.com/stock/news/354056/...-estimates