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. (NYSE: UDR) reported its first quarter 2023 results, demonstrating strong financial performance. Net income per diluted share stood at $0.09, just below guidance. Funds from Operations (FFO) per diluted share was $0.59, matching expectations with a 9% year-over-year increase. Adjusted Funds from Operations (AFFO) grew 12% year-over-year to $0.57. The company completed The MO, a $145 million apartment community, and stabilized two others in Dallas and Philadelphia. Revenue increased 11.8% to $399.5 million, mainly due to same-store growth and prior investments. The company reaffirmed its full-year guidance, projecting FFOA per share between $2.45 and $2.53. Positive outlook on growth was expressed by management, supported by stable demand and robust liquidity of $957.4 million.
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