UDR reports Q1 AFFO 61c, consensus 61c

Reports Q1 revenue $421.95M, consensus $421.04M. “2025 has started with high demand for our apartment homes, which led to Same-Store growth exceeding our initial expectations and consensus estimates,” said Tom Toomey, UDR‘s (UDR) Chairman and CEO. “These results demonstrate the strength of our strategy and the value of our operating platform. As we look ahead, there are a variety of macroeconomic and political uncertainties that could affect the economy. Nevertheless, we believe that the fundamental backdrop remains supportive for continued Same-Store and FFOA per share growth.”