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BRIEF-UDR reports Q1 FFO of $0.45 per share
April 24, 2017 / 10:20 PM / 8 months ago

BRIEF-UDR reports Q1 FFO of $0.45 per share

April 24 (Reuters) - Udr Inc

* UDR announces first quarter 2017 results

* Q1 FFO per share as adjusted $0.45

* Q1 revenue $243.8 million versus i/b/e/s view $240.7 million

* Q1 FFO per share $0.45

* Reaffirmed full-year 2017 earnings and same-store guidance ranges

* Reaffirmed full-year 2017 earnings and same-store guidance ranges

* Qtrly adjusted funds from operations per share was $0.43

* Sees Q2 net income per share $0.08 to $0.09

* Total revenue increased by $9.0 million or 3.8 percent, to $243.8 million for Q1

* Sees Q2 FFO per share $0.45 to $0.47

* UDR Inc qtrly same-store physical occupancy was 96.8 percent as compared to 96.3 percent in prior year period

* Same-Store NOI increased 4.9 percent year-over-year in Q1 of 2017

* Sees Q2 AFFO per share $0.41 to $0.43

* Q1 FFO per share view $0.45 -- Thomson Reuters I/B/E/S

* FY2017 FFO per share view $1.85 -- Thomson Reuters I/B/E/S

* Q2 FFO per share view $0.46 -- Thomson Reuters I/B/E/S

* $1.24 per share 2017 dividend represents a 5 percent increase versus 2016

* Sees Q2 ffo as adjusted per share $0.45 to $0.47 Source text for Eikon: Further company coverage:

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