UDR Posts Q4 FFO of $0.64, Revenue of $428.8M
UDR generated Q4 funds from operations of $0.64 per share, matching estimates and up from $0.63 a year earlier, while revenues reached $428.8 million, missing consensus by 0.16%. Shares have gained 2.4% year-to-date versus the S&P 500’s 1.3% increase, with next-quarter FFO consensus at $0.63 on $430.5 million revenue.
1. Q4 Financial Results
UDR reported funds from operations of $0.64 per share for Q4, in line with consensus and up from $0.63 a year earlier. Revenues reached $428.83 million, missing the estimate by 0.16%.
2. Historical Estimate Surprises
Over the last four quarters, UDR exceeded consensus FFO estimates two times and beat revenue projections once. In Q3, the company delivered a 3.17% FFO surprise by producing $0.65 per share.
3. Outlook and Industry Position
Consensus FFO for the next quarter stands at $0.63 on $430.54 million in revenues, while full-year FFO projections of $2.56 hinge on $1.75 billion in revenue. The REIT and Equity Trust – Residential sector ranks in the bottom 36% of industries.
4. Stock Performance
UDR shares have gained 2.4% since the start of the year, outpacing the S&P 500’s 1.3% advance, reflecting steady investor confidence despite the slight revenue shortfall.