UDR Inc. (UDR) reported funds from operations of $45.5 million or $0.28 per share for the fourth quarter, compared to $58.3 million or $0.40 per share in the prior year quarter.
On adjusted basis, FFO was $45.5 million or $0.28 per share, compared to $58.3 million or $0.40 per share in the fourth quarter of 2008.
Net loss available to common stockholders was $24.8 million or $0.16 per share, compared to a loss of $18.1 million or $0.13 per share in the previous year quarter.
Rental income for the fourth quarter rose to $150.1 million from $149.5 million in the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share on revenue of $148.53 million for the quarter. Analysts' estimates typically exclude special items.
For full year 2010, the company expects FFO of $1.00 to $1.07 per share, and GAAP loss of $0.95 to a loss of $0.88 per share. Street expects FFO of $1.15 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.