April 30 (Reuters) -

Real Estate Investment Trusts (REIT) UDR beat Wall

Street estimates for first-quarter revenue on Wednesday, driven

by high demand for its apartments.

Total revenue for the quarter ended March 31 was $421.9

million, up 2% from a year earlier. Analysts, on average, were

expecting revenue of $419.9 million in the first quarter,

according to data compiled by LSEG.

UDR develops and manages multifamily apartment communities

comprising 55,696 apartment homes across 169 communities.

The Highlands Ranch, Colorado-based real estate investment

trust reported a Q1 Adjusted Funds from Operations (FFO) of 61

cents per share in line with analysts' estimates.

"2025 has started with high demand for our apartment homes,

which led to Same-Store growth exceeding our initial

expectations and consensus estimates," said CEO Tom Toomey.

UDR also reaffirmed its guidance for the full year.