Udr Inc Stock Price, News & Analysis

UDR, Inc. has declared a quarterly dividend of $0.3625 per share on its common stock for Q2 2021, payable on August 2, 2021, to shareholders of record as of July 12, 2021. This marks the company’s 195th consecutive quarterly dividend. Additionally, a quarterly dividend of $0.3925 per share on its Series E preferred stock will also be paid on the same date to shareholders of record as of July 12, 2021. UDR continues to demonstrate a strong commitment to returning value to its shareholders.

UDR (NYSE: UDR) has raised its full-year 2021 guidance for earnings, same-store revenue, and net operating income (NOI) growth, citing strong operational fundamentals and external growth. This marks UDR's second guidance increase for 2021. For Q2 2021, UDR expects Funds From Operations (FFO) per share to be at the high end of its previous guidance of $0.47-$0.49. Updated guidance includes net income per share ranging from $0.07 to $0.13 and FFO per share between $1.79 and $1.85.

UDR, a leading multifamily real estate investment trust, announced a correction in its operating metrics from the first quarter of 2021. The revised Effective Blended Lease Growth Rate dropped from +0.3% to -1.6%. Despite the changes, the company confirmed that these metrics do not affect its financial results or guidance for the second quarter and full year of 2021. The corrected metrics, which include new lease and renewal lease growth rates, demonstrate significant declines in several key markets, notably San Francisco and New York, where rates decreased by -22.3% and -19.3%, respectively.

UDR reported first-quarter 2021 results, revealing a net income of $2.0 million, down from $4.2 million YoY, with FFO per share of $0.32 and AFFO per share at $0.44. Same-Store NOI decreased by 10.4% YoY. Revenue fell by $20 million, or 6.2%, to $301.4 million, primarily due to declines in mature communities. The company has acquired properties worth a total of $187 million and projects to raise full-year 2021 guidance. Despite ongoing regulatory challenges, occupancy rates show signs of improvement, positioning the company for potential growth.

UDR, a prominent multifamily real estate investment trust, is set to release its first quarter 2021 financial results on April 27, 2021, after market close. A conference call will follow on April 28, 2021, at 1:00 p.m. ET, allowing company officers to discuss results and recent developments, with a Q&A for financial analysts. Interested participants can access the webcast on UDR's investor relations website. The company, with 52,589 owned or involved apartment homes as of December 31, 2020, continues to focus on delivering value and quality experience.

UDR has priced an underwritten public offering of 7,000,000 shares of common stock, aiming for gross proceeds of approximately $306 million. The offering is part of forward sale agreements with J.P. Morgan and Wells Fargo Securities, with shares expected to be delivered by April 5, 2021. Proceeds, not initially received by UDR, may fund acquisitions, development projects, and working capital. The offering adheres to UDR's shelf registration statement filed with the SEC, and it does not solicit a buy offer in prohibited states.

UDR, Inc. (NYSE: UDR) is initiating an underwritten public offering of 7,000,000 shares of its common stock, facilitated by J.P. Morgan and Wells Fargo Securities as joint book-running managers. The company plans to enter into forward sale agreements for these shares, which will be delivered by the forward purchasers upon physical settlement, expected by March 29, 2022. The net proceeds will primarily fund acquisitions, development projects, and general corporate purposes, including potential repayment of existing debt.

UDR, Inc. (NYSE: UDR) has declared a quarterly dividend of $0.3625 per share on its common stock, payable on April 30, 2021. This marks the 194th consecutive quarterly dividend payment by the company. Additionally, a quarterly dividend of $0.3925 per share was declared for its Series E preferred stock, also payable on April 30, 2021. The annualized common dividend for 2021 is set at $1.45 per share, representing a 1% increase from 2020's annual dividend of $1.44.

UDR, a prominent multifamily real estate investment trust, announced that CEO Thomas W. Toomey will lead a roundtable discussion at the 2021 Citi Global Property CEO Conference. This virtual event is scheduled for March 10, 2021, at 11:15 a.m. Eastern Time. Investors can access the live webcast on the company’s website, with a replay available for 30 days. UDR, part of the S&P 500, manages over 52,000 apartment homes, showcasing a strong track record in real estate performance over its 48 years in business.