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- Multifamily REIT Goes On A Cleanse (UDR)
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Tonight a multifamily REIT operator called UDR, Inc. (NYSE: UDR) is announcing a transformational deal along with its earnings. The company reported funds from operations (FFO) of $0.43 before a one-time adjustment (and $0.40 after) and it looks like the street was expecting $0.50. This is down almost 8% after realignments. But because this company is going to be greatly different, we are not focusing on the past results so much here. UDR has signed an agreement to sell 25,684 apartment homes in 86 communities for $1.7 Billion, and it will receive $1.5 Billion in cash and a $200 million…
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Original Source
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29 January, 2008| Economy |
@ 23:51
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