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Mar 31, 2020
UDR Q1 2020 Earnings Report
UDR reported first quarter results and withdrew full-year guidance due to COVID-19 uncertainties.
Key Takeaways
UDR's first quarter results met expectations with a net income per share of $0.01 and FFO per share of $0.53. Total revenue increased by 18.8% year-over-year to $321.5 million, driven by growth in revenue from operating and acquisition communities. The company withdrew its full-year 2020 guidance due to the ongoing COVID-19 pandemic.
Net income per share was $0.01, FFO per share was $0.53.
Total revenue increased by 18.8 percent year-over-year to $321.5 million.
Combined Same-Store revenue growth was 3.0 percent.
Combined Same-Store NOI increased 3.5 percent year-over-year.
Revenue by Geographic Location
Forward Guidance
Due to economic challenges and related government actions and regulations as a result of COVID-19, the Company has withdrawn its previously provided full-year 2020 guidance outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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