STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

  1. Home
  2. News
  3. UDR
  4. UDR Announces Fourth Quarter and Full-Year 2020 Results and 2021 Guidance

UDR Announces Fourth Quarter and Full-Year 2020 Results and 2021 Guidance

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
earnings

UDR, Inc. (the “Company”) Fourth Quarter 2020 Highlights:

  • Net income per share was $0.09, Funds from Operations (“FFO”) per share was $0.39, FFO as Adjusted (“FFOA”) per share was $0.49, and Adjusted FFO (“AFFO”) per share was $0.43.
  • Net income attributable to common stockholders was $25.5 million compared to net income of $96.9 million in the prior year period, primarily due to lower gains from sold properties and a decline in Combined Same-Store net operating income (“NOI”).
  • Year-over-year (“YOY”) Combined Same-Store results during the fourth quarter of 2020, with concessions accounted for on cash and straight-line bases, as compared to the fourth quarter of 2019 were as follows:

Region

Revenue
Growth /
(Decline)

Expense

Growth /
(Decline)

NOI
Growth /
(Decline)

% of Combined
Same-Store

Portfolio(1)

Physical
Occupancy(2)

YOY
Change in
Occupancy

West

(9.7)%

4.2%

(14.0)%

36.5%

95.0%

(1.6)%

Mid-Atlantic

(1.5)%

1.0%

(2.5)%

23.5%

97.0%

0.1%

Northeast

(12.8)%

8.1%

(21.9)%

16.2%

94.3%

(2.2)%

Southeast

3.2%

10.1%

0.2%

Stock UDR logo
Udr Inc

NYSE:UDR

UDR Rankings

#838 Ranked by Market Cap
#727 Ranked by Dividends

UDR Latest News

UDR Latest SEC Filings

UDR Stock Data

11.92B
329.00M
0.48%
102.49%
2.66%
REIT - Residential
Real Estate Investment Trusts
Link
United States
HIGHLANDS RANCH

Related Articles

Continue reading with these related stories

View All Latest News