UDR reports Q1 AFFO 57c, consensus 61c

Reports Q1 revenue $399.55M, consensus $405.44M. "Our first quarter results, including 9 percent FFOA per share growth and nearly 12 percent same-store NOI growth over the prior year period, demonstrate the strength of our strategy and platform," said Tom Toomey, UDR‘s Chairman and CEO. "We are optimistic on the growth trajectory and resiliency of our business moving forward and continue to focus on what we can control: disciplined capital allocation to opportunistically create shareholder value, new and innovative initiatives to drive further margin expansion, and an investment-grade balance sheet with well-laddered maturities and plentiful liquidity."