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 prominent multifamily real estate investment trust (REIT) and a constituent of the S&P 500 index. With a proven track record, UDR excels in managing, acquiring, selling, developing, and redeveloping high-quality real estate properties in strategically targeted U.S. markets. As of December 31, 2016, the company boasted ownership or partial ownership of 49,907 apartment homes, including 3,604 homes either under development or involved in preferred equity investments. For more than 45 years, UDR has consistently delivered significant long-term value to its shareholders, provided top-notch service to its residents, and ensured a superior experience for its associates.
UDR operates through two main segments: Same-Store Communities and Non-Mature Communities/Other. The Same-Store Communities segment includes communities that were acquired, developed, and stabilized before January 1, 2021, and held as of December 31, 2022. This segment is the primary source of UDR's revenue. The Non-Mature Communities/Other segment comprises recently acquired, developed, and redeveloped communities, as well as the non-apartment components of mixed-use properties.
Recent achievements highlight UDR's commitment to growth and excellence. The company has actively engaged in several high-profile development and redevelopment projects, fostering partnerships aimed at enhancing its portfolio's value. UDR's strategic focus on targeted U.S. markets ensures that its properties are in prime locations, contributing to higher occupancy rates and rental income. Additionally, UDR places a strong emphasis on sustainability and innovation, integrating advanced technologies and environmentally friendly practices into their operations.
UDR, Inc. (NYSE: UDR) will announce its first quarter 2023 financial results on April 26, 2023, after market close, followed by a conference call on April 27, 2023, at 12:00 p.m. ET. The call will be accessible to the public, with a question-and-answer session exclusively for registered financial analysts. Interested participants can listen to the webcast via UDR's investor relations website. UDR owns or holds an interest in 58,390 apartment homes, including 554 under development, and is recognized for its sustainability with a GRESB 5 Star rating. The playback of the conference call will be available for 30 days, ensuring stakeholders can review key discussions regarding the company's performance and future outlook.
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.
FAQ
What is the current stock price of UDR (UDR)?
What is the market cap of UDR (UDR)?
What is UDR, Inc.?
What does UDR, Inc. specialize in?
What are UDR's main business segments?
How many apartment homes does UDR own?
What is the Same-Store Communities segment?
What is included in the Non-Mature Communities/Other segment?
What is UDR's strategy for growth?
How does UDR ensure the quality of its properties?
What is the significance of UDR being part of the S&P 500?
How has UDR performed over the years?
