Udr Inc Stock Price, News & Analysis

UDR, Inc. (NYSE: UDR), a prominent multifamily real estate investment trust, announced that Chairman and CEO Thomas W. Toomey and the executive team will participate in a roundtable discussion at the 2023 Citi Global Property CEO Conference. This event is scheduled for March 6, 2023, at 3:40 p.m. Eastern Time in Hollywood, Florida. The discussion will be available as a webcast at https://kvgo.com/citi/udr-march-2023 and accessible on the Investor Relations section of the UDR website. A replay will be available for 30 days. UDR remains committed to sustainable practices, evidenced by its GRESB 5 Star rating.

UDR reported its Q4 and FY 2022 results, with notable metrics reflecting mixed performance. Q4 2022 net income per diluted share reached $0.13, a 65% decrease from the previous year. Funds from Operations (FFO) per share was $0.56, an 11% decline. However, Adjusted FFO (AFFO) per diluted share rose 13% to $0.53. Total revenue for Q4 2022 increased by 14.8% YOY to $399.7 million. The Board approved a 10.5% dividend increase, raising the annualized amount to $1.68. Proceeds from equity sales reduced debt-to-EBITDA to 5.6x. Looking ahead, UDR anticipates mid-single digit NOI growth for 2023.

UDR, Inc. (NYSE: UDR), a leading multifamily REIT, will release its fourth quarter and full-year 2022 financial results on February 6, 2023, after market close. A conference call will take place on February 7, 2023, at 1:00 p.m. ET, to review these results and allow a Q&A session for registered financial analysts. Participants can access the webcast on UDR's investor relations website. As of September 30, 2022, UDR managed 58,464 apartment homes, showcasing its strong presence in the multifamily housing market.

UDR, Inc. (NYSE: UDR) announced a quarterly dividend of $0.38 per share for Q4 2022, payable on January 31, 2023. This marks the 201st consecutive quarterly dividend for the company. Additionally, a dividend of $0.4114 per share was declared for its Series E preferred stock, also payable on January 31, 2023. Shareholders of record for both dividends are set as of January 9, 2023. UDR continues to demonstrate a strong commitment to delivering value to its shareholders through consistent dividend payments.

UDR reported its third-quarter 2022 results, revealing a net income of $0.07 per diluted share and funds from operations (FFO) of $0.57, both showing positive year-over-year growth. The company settled 1.8 million shares under forward equity sales agreements, raising approximately $99.8 million. UDR plans to sell a community in California for $41.5 million, expected to close in Q4 2022. The firm also raised its full-year 2022 guidance, reflecting strong operating results and revenue growth of 12.7% YOY.

UDR aims for a robust future with a focus on rate growth, maintaining high occupancy at 96.7% despite inflation pressures.

UDR, Inc. will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 1:00 p.m. ET, open to the public with a Q&A limited to registered analysts. The earnings report and supplemental data will be accessible on UDR's investor relations website immediately following the release. As of June 30, 2022, UDR owned or had an interest in 58,328 apartment homes, demonstrating a strong position in the multifamily real estate market.