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.
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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.