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Article: UDR Announces Third Quarter 2009 Results.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 6, 2009
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UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, announced its third quarter 2009 results.
The Company generated Funds from Operations (FFO) of $29.8 million, or $0.19 per diluted share, for the quarter ended September 30, 2009, versus $49.6 million, or $0.33 per diluted share, in the third quarter of 2008. The third quarter 2009 results reflect (1) a non-cash equity loss of $0.10 per share on a diluted basis related to the Company's investment in two of its single-asset unconsolidated joint ventures, and (2) a $0.02 per share charge associated with the premium on a tender offer for $37.5 million of the Company's bonds maturing in 2024 ...