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. reports news as a multifamily real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, sells and manages apartment communities in targeted U.S. markets. Company updates commonly cover Same-Store Communities, non-mature and other communities, apartment revenue, expenses, net operating income, occupancy, acquisitions, dispositions and development activity.
Recurring UDR news also includes REIT earnings measures such as FFO and FFO as Adjusted, annual guidance, common and preferred stock dividends, distribution tax treatment, share repurchase authorization, capital allocation and investor presentation activity. Governance updates, including board composition, appear alongside operating and financing developments tied to the company’s apartment portfolio.
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.