UDR Inc reports results for the quarter ended in March - Earnings Summary

UDR

01/05/2024 24:57

* UDR Inc  UDR.N  reported quarterly adjusted earnings of 13
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from 7 cents to 18 cents per share.
    * Revenue rose 3.4% to $411.67 million from a year ago;
analysts
expected $409.65 million. 
    * UDR Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $41.92
million.
    * UDR Inc shares had risen by 2.4% this quarter and held
steady so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 13
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for UDR Inc is
$39.00

This summary was machine generated from LSEG data April 30 at
11:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.61           0.61           Met
 Dec. 31 2023      0.63           0.63           Met
 Sep. 30 2023      0.63           0.63           Met
 Jun. 30 2023      0.62           0.61           Missed