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 announced its Q2 2024 results, showing a 5% decrease in FFO per diluted share to $0.60 compared to Q2 2023. Net Income per diluted share dropped by 92% to $0.08. However, FFOA per diluted share increased by 2% to $0.62. Total revenue rose by 2.7% to $415.3 million, driven by Same-Store revenue growth.
UDR completed the $134 million 101 N. Meridian development and invested $25.9 million in a preferred equity DCP portfolio in Portland.
Full-year 2024 guidance has been raised, with FFOA per diluted share now projected between $2.42 and $2.50. Same-Store revenue growth is expected to be 1-3%, with NOI growth anticipated to range between -0.25% and 1.75%.
The company maintains a strong liquidity position with $946.2 million in available liquidity. A quarterly dividend of $0.425 per share will be paid on July 31, 2024.
Key metrics highlight a weighted average occupancy of 96.8% and a slight increase in expenses and net operating income.
UDR, a leading multifamily real estate investment trust (REIT) and GRESB Sector Leader for sustainability, has been honored as a 2024 Top Workplaces winner in the Real Estate Industry. This award, administered by Energage, is based on anonymous employee surveys that measure workplace culture aspects like alignment, execution, and engagement. UDR's CEO, Tom Toomey, attributes the award to the company's innovative and adaptive culture driven by its talented associates and Human Resources team. The recognition underscores UDR's commitment to creating an engaging and growth-oriented workplace. UDR owns or has stakes in over 60,124 apartment homes, and has been delivering long-term value to shareholders and high-quality experiences for over 52 years.
UDR, a leading multifamily real estate investment trust, will announce its second quarter 2024 financial results on July 30, 2024, after market close. A conference call discussing the results will be held on July 31, 2024, at 12:00 p.m. Eastern Time. The call will include a review of the financial results, recent events, and a question-and-answer session to registered financial analysts. The public can access the webcast through UDR's website. A replay will be available until August 31, 2024.
UDR, a leading multifamily real estate investment trust, has declared a regular quarterly dividend of $0.425 per share on its common stock for Q2 2024, payable on July 31, 2024, to shareholders of record as of July 10, 2024. This marks the 207th consecutive quarterly dividend by UDR. Additionally, UDR announced a quarterly dividend of $0.4602 per share on its Series E preferred stock, also payable on July 31, 2024, to shareholders of record as of July 10, 2024. UDR manages, buys, sells, develops, and redevelops real estate properties, owning 60,124 apartment homes as of March 31, 2024.
UDR, Inc. (NYSE: UDR) announced its first quarter 2024 results, showing growth in Net Income, FFO, FFOA, and AFFO per diluted share. Same-store revenue increased by 3.1% year-over-year. The Company sold Crescent Falls Church for $100.0 million, completed development at Villas at Fiori, and refinanced a senior construction loan. CEO Tom Toomey highlighted strong leasing conditions and strategic value. Full-year 2024 guidance ranges were raised for FFOA and AFFO per diluted share.
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