UDR, Inc. Reveals 16% Advance In Q2 Profit

(RTTNews) - UDR, Inc. (UDR) revealed earnings for its second quarter that gained ground from last year.

The company said its bottom line climbed to $121.09 million, or $0.41 per share. This was higher than $104.49 million, or $0.38 per share, in last year's second quarter.

The company said revenue for the quarter rose 10.6% to $238.79 million. This was up from $215.86 million last year.

UDR, Inc. earnings at a glance:

-Earnings (Q2): $121.09 Mln. vs. $104.49 Mln. last year. -Earnings Growth (Y-o-Y): 15.9% -EPS (Q2): $0.41 vs. $0.38 last year. -EPS Growth (Y-o-Y): 7.9% -Revenue (Q2): $238.79 Mln vs. $215.86 Mln last year. -Revenue Change (Y-o-Y): 10.6%

-Guidance: Full year EPS guidance: $1.61 - $1.64