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United Dominion Hits Target
United Dominion Realty Trust's(UDR Quote) first-quarter funds from operations rose 6.1% from a year ago, reflecting higher rental income.
The company posted funds from operations of $61.5 million, or 42 cents a share, in line with its previous forecast and up from $57.9 million, or 39 cents a share, a year ago. Analysts polled by Thomson First Call expected funds from operations of 41 cents a share.
Rental income rose 11.5% to $176.8 million, lower than the consensus estimate of $178.7 million. ...
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