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 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.