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UDR Inc.

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Shares of UDR outperformed the Zacks categorized REIT – Equity Trust – Residential industry over the past six months. However, its funds from operations (FFO) per share estimates for first quarter and full year 2017 remained unchanged over the past 30 days. Late in January, UDR reported better-than-expected adjusted FFO per share for fourth-quarter 2016. Growth in revenue from same-store and stabilized, non-mature communities attributed to this beat. With a superior portfolio in targeted U.S. markets and disciplined capital allocation, UDR is well poised for growth. Yet, new supply and elevated concession levels are likely to make the market choppy in the near term. In fact, UDR is presently dealing with increased deliveries in a number of its markets, including San Francisco, Los Angeles and New York, which remains a concern. Further, rate hike adds to its woes.

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