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UDR reports Q4 AFFO 53c, consensus 61c
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UDR reports Q4 AFFO 53c, consensus 61c

Reports Q4 revenue $399.7M, consensus $399.08M. "2022 was an exceptional year, with our 16 percent FFOA per share growth driven by robust operating fundamentals, our commitment to ongoing innovation, our award-winning ESG platform, and our value-accretive capital allocation decisions. With these results, our Board approved a 10.5 percent dividend increase, enhancing our already strong total return profile," said Tom Toomey, UDR‘s Chairman and CEO. "Our outlook of mid- to high-single digit NOI growth in 2023 reflects a healthy earn-in of nearly 5 percent, disciplined capital allocation, our innovative culture that drives margin expansion, and a strong balance sheet with minimal debt maturities."

Published first on TheFly

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