Published on 26 Apr 2024 on Zacks via Yahoo Finance
UDR Readies to Report Q1 Earnings? What's in the Offing?
UDR Inc. UDR, a premier multifamily real estate investment trust (REIT), is set to announce its first-quarter 2024 results after the closing bell on Apr 30. Its quarterly results are likely to reflect growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Denver, CO-based residential REIT came up with an FFO as adjusted per share of 63 cents, in line with the consensus mark. Quarterly results reflected year-over-year growth in revenues, driven by healthy operating trends and past accretive external growth investments. However, a rise in property operating and maintenance and interest expenses acted as dampeners.In the last four quarters, UDR’s FFO as adjusted per share met the Zacks Consensus Estimate on two occasions for as many misses, the average negative surprise being -0.81%. The graph below depicts the surprise history of the company:
United Dominion Realty Trust, Inc. Price and EPS Surprise
