Welcome to our dedicated page for Udr news (Ticker: UDR), a resource for investors and traders seeking the latest updates and insights on Udr stock.
UDR Inc (NYSE: UDR), a leading multifamily real estate investment trust (REIT), maintains this dedicated news hub for investors and industry stakeholders. Access official press releases and curated updates about property acquisitions, earnings reports, and strategic initiatives across UDR's nationwide portfolio of apartment communities.
This resource provides centralized tracking of UDR's operational developments, including updates from its Same-Store Communities segment and growth activities in Non-Mature Communities. Stay informed about technology partnerships, property redevelopments, and market expansion efforts that shape the company's performance in the competitive REIT sector.
Key content categories include quarterly financial results, sustainability initiatives, leadership updates, and operational milestones. The page serves investors seeking to monitor UDR's execution of its dual strategy: maintaining stable income from mature properties while pursuing value creation through strategic renovations and tech-driven management improvements.
Bookmark this page for direct access to UDR's latest corporate communications. Combine these updates with SEC filings and investor materials for comprehensive analysis of the company's multifamily housing market position.
UDR, Inc. reported its Fourth Quarter 2020 results, revealing a net income per share of $0.09 and a decline in net income attributable to common stockholders to $25.5 million from $96.9 million year-over-year. The company experienced a decrease in Combined Same-Store net operating income, with notable revenue declines across all regions: West (-9.7%), Northeast (-12.8%), and Mid-Atlantic (-1.5%), contrasting with growth in the Southeast (3.2%). Operating expenses grew, particularly in the Northeast (8.1%) and Southeast (10.1%).
UDR, Inc. (NYSE: UDR) plans to release its fourth quarter and full-year 2020 financial results on February 9, 2021, after market closure. A public conference call will follow on February 10, 2021, at 1:00 PM ET, covering the results and recent events, with a Q&A session for registered financial analysts. Interested parties can access the webcast on UDR's website. This call will also be available for replay for 30 days.
UDR, Inc. (NYSE: UDR) announced a quarterly dividend of $0.36 per share, payable on February 1, 2021 to shareholders of record as of January 11, 2021. This marks the 193rd consecutive quarterly dividend, emphasizing the company's commitment to delivering shareholder returns. Additionally, the company declared a quarterly dividend of $0.3898 for its Series E preferred stock, also payable on the same date. UDR continues to be recognized for its strong performance in the multifamily real estate investment sector.
UDR, a leading multifamily real estate investment trust, announced a transition in leadership effective January 1, 2021. Jerry A. Davis will step down as COO but remain President while focusing on UDR's Next Generation Operating Platform and technology investments until his retirement on December 31, 2021. UDR also promoted several executives, including R. Scott Wesson as Chief Digital Officer and Joshua A. Gampp as Chief Technology Officer. The company continues to manage a portfolio of over 51,000 apartment homes, aiming to enhance its operational platform and deliver value to shareholders.
UDR announced the pricing of an offering of $350 million in senior unsecured medium-term notes at a 1.900% interest rate, maturing on March 15, 2033. The notes were priced at 99.578% of the principal amount, yielding 1.939% to maturity, with interest payments due semiannually starting March 15, 2021. UDR plans to utilize proceeds for green projects, redeem its outstanding 3.750% notes due July 2024, and repay other debts. The offering is anticipated to settle on December 14, 2020, under customary closing conditions.
UDR, a leading multifamily real estate investment trust, received a GRESB survey score of 83, earning a 4 Star designation and recognition as a top performer in sustainability among global real estate firms. The company also won the NAA 2020 Excellence in Technology Innovation Award for its advanced energy monitoring at View 34 in Manhattan. UDR's strong ESG commitment is highlighted by near-maximum scores in social responsibility and corporate governance, and it achieved an 'A' rating in the GRESB Public Disclosure survey for the second consecutive year.
UDR announced the release of its 2020 Corporate Responsibility Report, highlighting its Environmental, Social, and Governance (ESG) achievements in 2019. The report outlines progress towards sustainability goals, including a commitment to reduce energy consumption by 15% by 2025 and achieve a 10% reduction in water consumption intensity. UDR has also established new targets for 2020-2025, such as increasing its recycling diversion rate. The report emphasizes the company's dedication to corporate responsibility, including enhanced transparency and community support during the COVID-19 pandemic.
UDR, Inc. announced the appointment of Diane M. Morefield to its Board of Directors, effective October 9, 2020. Ms. Morefield brings extensive experience in the REIT sector, having served as EVP and CFO at CyrusOne, Inc., a $13 billion data center REIT, and held senior positions at Strategic Hotels & Resorts and Equity Office Properties Trust. Her appointment aims to enhance UDR's long-term success, as noted by Lead Independent Director Jim Klingbeil. UDR continues to manage over 51,320 apartment homes and maintain a strong commitment to delivering shareholder value.
UDR, Inc. (NYSE: UDR) will release its third quarter 2020 financial results on October 29, 2020, after market close. A conference call is set for October 30, 2020, at 12:00 p.m. Eastern time, to discuss results and answer questions. Analysts can engage in Q&A, while others can listen only. Details for participation and playback access are provided. UDR, a leading multifamily real estate investment trust, manages over 51,320 apartment homes, including 819 under development, with a history of delivering returns and quality service.
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