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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. 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.
UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, will release its second quarter 2022 financial results on July 26, 2022, after market close. A conference call will be held on July 27, 2022, at 1:00 p.m. Eastern Time to discuss results and recent events, with a Q&A session for financial analysts. UDR owns or has an ownership stake in 57,904 apartment homes, including 1,564 under development, demonstrating a commitment to delivering reliable returns and quality service to residents and shareholders.
UDR, Inc. (NYSE: UDR) announced a quarterly dividend of $0.38 per share on its common stock for Q2 2022, payable on August 1, 2022. This marks the 199th consecutive quarterly dividend. Shareholders on record as of July 11, 2022 will receive the payment. Additionally, a dividend of $0.4114 per share on its Series E preferred stock has also been declared, with the same payment date and record date. UDR continues to showcase its commitment to returning value to shareholders through consistent dividend payments.
UDR, Inc. has appointed Joseph D. Fisher, previously CFO, as the new President, expanding his responsibilities to include company-wide innovation, ESG oversight, and human capital management. Fisher has been a part of UDR since January 2017 and is recognized as a talented leader in the multifamily industry. UDR's Chairman and CEO, Tom Toomey, highlighted the strategic milestones achieved under Fisher's tenure. This leadership change aims to strengthen UDR's executive team and enhance performance and value creation opportunities.
UDR reported strong first-quarter 2022 results, with net income per diluted share rising to $0.04, a 300% increase year-over-year. Funds from Operations (FFO) per diluted share increased 69% to $0.54. Same-store revenue grew 10.8% year-over-year, while occupancy reached 97.3%. The company has raised its full-year 2022 guidance, anticipating net income per share between $0.24 and $0.30. UDR's balance sheet remains solid with $1.7 billion in liquidity and an improved net debt-to-EBITDA ratio of 6.4x.
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