UDR: Q4 Earnings Snapshot

HIGHLANDS RANCH, Colo. (AP) — HIGHLANDS RANCH, Colo. (AP) — UDR Inc. (UDR) on Monday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The Highlands Ranch, Colorado-based real estate investment trust said it had funds from operations of $213.2 million, or 61 cents per share, in the period.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 61 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.