Monday, UDR Inc. (UDR) reported third-quarter funds from operations or FFO of $28.8 million or $0.18 per share, compared to FFO of $48.0 million or $0.32 per share in the year ago quarter.
On an adjusted basis, funds from operations or FFO of $29.8 million or $0.19 per share, compared to FFO of $49.6 million or $0.33 per share in the same quarter last year.
Excluding items, FFO-Core per share for the quarter was $0.31, up from FFO-Core per share of $0.30 in the prior year quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Net loss available to common stockholders for the quarter was $40.8 million or $0.27 per share, compared to net loss of $9.8 million or $0.07 per share in the previous year quarter.
Rental income for the quarter was $150.3 million, up from $147.4 million in the comparable quarter last year. Analysts expected the company to report revenue of $149.03 million for the quarter.
Looking ahead to the full year 2009, the company slashed its FFO guidance to a range of $1.14 - $1.20 per share, from the previous guidance range of $1.23 - $1.35 per share. Analysts currently anticipate the company to earn $1.27 per share for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.