05:26 PM EDT, 04/30/2024 (MT Newswires) -- UDR (UDR) reported late Tuesday Q1 adjusted funds from operations of $0.56 per diluted share, down from $0.57 a year ago.

Analysts surveyed by Capital IQ expected $0.56 per share.

Revenue for the quarter ended March 31 was $413.63 million, up from $399.55 million a year ago.

Analysts polled by Capital IQ expected $409.8 million.

For Q2, the company expects adjusted FFO per share of between $0.53 to $0.55. Analysts expected $0.54 a share.

For 2024, UDR now expects adjusted FFO of between $2.12 to $2.24 a share. The previous guidance was $2.10 to $2.22. Analysts expected $2.18.