UDR, Inc. - UDR STOCK NEWS

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.

UDR, Inc. (NYSE: UDR) has declared a quarterly dividend of $0.38 per share for Q3 2022, payable on October 31, 2022. This marks the 200th consecutive quarterly dividend the company has paid. Additionally, a dividend of $0.4114 per share on Series E preferred stock will also be distributed on the same date. As of June 30, 2022, UDR manages 58,328 apartment homes with an ongoing commitment to delivering long-term value to shareholders.

The lawsuit against UDR, filed by Patrick Oseni, a former tenant who was shot in his apartment, allows key discrimination claims to proceed. A D.C. judge's ruling paves the way for allegations of racial discrimination and emotional distress against UDR. Following the 2020 shooting incident, Oseni alleges he was unfairly evicted after the company changed his locks, claiming discomfort among other tenants. The court will examine serious counts, including two counts of discrimination and fraudulent misrepresentation.

UDR, Inc. will participate in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022. The Executive Team will host a roundtable discussion on September 13 at 12:40 p.m. ET. This discussion will be available via webcast and can also be accessed on UDR's Investor Relations website. A replay will be available for 90 days. UDR, an S&P 500 company, owns or has interests in 58,328 apartment homes across the U.S.

UDR reported its 2Q 2022 results, with a net income of $0.01 per diluted share, down 75% from the prior year. However, FFO per share remained stable at $0.52, while FFOA and AFFO per diluted share showed growth at $0.57 and $0.52, respectively, up 16% and 18% year-over-year. Same-store revenue rose by 11.4%, and NOI increased by 14.7%. The company has raised its full-year guidance, projecting a 5% growth in same-store revenue for 2023. UDR also settled 6.5 million shares under forward equity agreements, raising approximately $351 million.