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 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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