UDR Q4 FFOA Meets Estimates, Revenues Up Y/Y, Dividend Hiked

UDR Inc. (UDR) reported fourth-quarter 2023 funds from operations as adjusted (FFOA) per share of 63 cents, in line with the Zacks Consensus Estimate.Quarterly revenues from rental income were $410.9 million, which outpaced the Zacks Consensus Estimate of$409.4 million. Total revenues came in at $413.3 million.Results reflect year-over-year growth in revenues, driven by healthy operating trends and past accretive external growth investments. However, a rise in property operating and maintenance and interes ...