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Mar 31, 2023
UDR Q1 2023 Earnings Report
UDR's first quarter results for 2023 were announced, showcasing growth in FFOA per share and same-store NOI.
Key Takeaways
UDR announced its first quarter 2023 results, demonstrating strong performance with a 9 percent increase in FFOA per share and nearly 12 percent growth in same-store NOI compared to the prior year period. The company reaffirmed its full-year 2023 FFOA per share, AFFO per share, and same-store growth guidance ranges.
Net Income per diluted share was $0.09.
FFO per diluted share was $0.59.
FFOA per diluted share was $0.60.
AFFO per diluted share was $0.57.
Forward Guidance
For the full-year 2023, the Company has reaffirmed its prior FFOA per share, AFFO per share, and same-store growth guidance ranges. For the second quarter 2023, the Company has established the following guidance ranges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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