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United Dominion Posts Gains
United Dominion Realty Trust's(UDR Quote) second-quarter funds from operations rose 6.2% from a year ago, helped by higher rents and high occupancy.
The company posted funds from operations of $63.1 million, or 43 cents a share, up from $59.4 million, or 40 cents a share, a year ago. Analysts polled by Thomson First Call expected funds from operations of 42 cents a share.
Rental income rose 10.7% to $174.3 million, lower than the consensus estimate of $181.5 million. ...
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