UDR Reports Q4 FFO of $.28 vs. $.28

UDR, Inc. UDR today announced its fourth quarter and full year 2010 results. The Company generated Funds from Operations (FFO) of $53.4 million or $0.28 per diluted share for the quarter ended December 31, 2010, as compared to $47.1 million or $0.29 per diluted share, in the fourth quarter of 2009. The fourth quarter results include one-time gains of $0.025 per diluted share from the sale of marketable securities and $0.005 per diluted share in refinancing fees, offset by a one-time restructuring charge of $0.035 per diluted share related to corporate consolidation and the previously announced retirement of an executive officer of the Company. Excluding these one-time charges, FFO-Core would have been $0.28 per diluted share. Please see the reconciliation below for further detail.