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UDR, Inc. Reports Decline In Q1 Profit

UDR, Inc. (UDR) revealed earnings for first quarter that declined from last year.

The company's bottom line came in at $23.49 million, or $0.08 per share. This compares with $80.80 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.9% to $270.67 million from $253.31 million last year.

UDR, Inc. earnings at a glance:

-Earnings (Q1): $23.49 Mln. vs. $80.80 Mln. last year.
-EPS (Q1): $0.08 vs. $0.30 last year.
-Analysts Estimate: $0.08
-Revenue (Q1): $270.67 Mln vs. $253.31 Mln last year.

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