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) is a multifamily real estate investment trust whose news flow centers on apartment portfolio performance, capital allocation decisions, governance developments, and corporate responsibility initiatives. As an S&P 500 multifamily REIT, the company regularly issues updates on its financial results, Same-Store operating metrics, and regional performance across markets such as the West, Mid-Atlantic, Northeast, Southeast, Southwest, and Other Markets.
On this page, readers can follow UDR news related to quarterly earnings releases, including disclosures of net income, funds from operations (FFO), FFO as adjusted (FFOA), Same-Store revenue and expense trends, and occupancy levels. These updates often include commentary on regional NOI performance and the factors influencing revenue growth and expense patterns in UDR’s apartment communities.
UDR’s news also highlights capital markets and investment activity, such as preferred equity investments in stabilized apartment communities, joint venture expansions with institutional partners like LaSalle Investment Management, and actions involving senior unsecured term loans, interest rate swaps, and share repurchases. Dividend declarations on common and preferred stock, including the long-running sequence of quarterly common dividends, are a recurring feature of the company’s announcements.
Governance and leadership developments appear frequently in UDR’s news releases, including the appointment of independent directors to the Board of Directors, changes in senior executive roles, and the company’s approach to board succession and committee assignments. In addition, UDR reports on its Corporate Responsibility Report and related ESG achievements, such as emissions intensity reductions, renewable energy procurement, sustainability certifications, workplace recognition, and enhancements to incentive compensation and governance practices.
Investors, analysts, and other interested readers can use UDR’s news stream to monitor how the company manages its multifamily portfolio, approaches capital allocation, and addresses environmental, social, and governance priorities over time.
UDR has priced a $300 million offering of 2.100% senior unsecured medium-term notes, maturing on June 15, 2033, at 99.592% of the principal amount, yielding 2.138% to maturity. Interest will be paid semiannually starting June 15, 2021. The proceeds will be used to repay debt, including redeeming 4.00% medium-term notes due October 2025. This offering is part of UDR's effective shelf registration. Wells Fargo Securities and others are managing the offering. The press release contains forward-looking statements related to various risks and uncertainties.
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%).
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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.