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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 announce its first quarter 2022 financial results on April 26, 2022, after market close. A conference call for analysts will take place on April 27, 2022, at 1:00 p.m. ET, available to the public via webcast. UDR, recognized as the GRESB Global Sector Leader, manages over 57,000 apartment homes across the U.S., with a strong focus on delivering returns through strategic property management and development.
UDR, Inc. has announced a public offering of 7,000,000 shares of common stock, aiming for gross proceeds of approximately $406 million. Morgan Stanley and Citigroup are the joint book-running managers. The offering involves forward sale agreements, with the company not initially receiving proceeds but intending to use future funds for land acquisitions, capital investments, and working capital. The expected closing date is April 1, 2022. This offering is made under the existing shelf registration with the SEC, and no immediate sales will occur until specified conditions are met.
UDR, Inc. (NYSE: UDR) has announced an underwritten public offering of 7,000,000 shares of common stock as part of forward sale agreements with Morgan Stanley and Citigroup. The company will not receive immediate proceeds from this offering, which is structured to enable them to set future share prices while delaying issuance. Net proceeds, when received, are intended for land acquisitions, capital investments, and general corporate purposes, including debt repayment. The offering is conducted under a currently effective shelf registration statement.
UDR, Inc. has declared a quarterly dividend of $0.38 per share for Q1 2022, payable on May 2, 2022, to shareholders of record as of April 11, 2022. This marks the 198th consecutive quarterly dividend for the company. The annualized common dividend of $1.52 per share represents a 5% increase from the previous year. Additionally, a dividend of $0.4114 per share for Series E preferred stock was also announced, payable on the same date.
UDR, Inc. (NYSE: UDR), a top multifamily real estate investment trust, announced that Thomas W. Toomey, Chairman and CEO, will lead a roundtable discussion at the 2022 Citi Global Property CEO Conference on March 8, 2022, at 8:15 a.m. ET. The session will be webcast live, accessible at this link and on the Company’s Investor Relations website. A replay will be available for 30 days. UDR owns or has a stake in 57,483 apartment homes, enhancing shareholder value through effective property management.
UDR, Inc. (NYSE: UDR) reported its 4Q 2021 results, achieving a net income of $116.4 million ($0.37 per diluted share), a 311% increase YOY. Key metrics included FFO of $0.63 per share (up 62% YOY) and AFFO of $0.47 (up 9% YOY). Same-store revenue grew by 9.0% YOY, with NOI increasing by 11.4%. The Company maintained a 97.1% occupancy rate. UDR acquired three communities for $409.1 million and disposed of one for $126.0 million. For 2022, UDR forecasts strong growth, with anticipated FFO between $2.22 and $2.30 per share and a dividend increase to $1.52 annually.
UDR, Inc. (NYSE: UDR), a leader in multifamily real estate, will release its fourth quarter and full-year 2021 financial results on February 8, 2022, after market close. A conference call for analysis and discussion will take place on February 9, 2022, at 1:00 p.m. ET. The event will be accessible to the public via a webcast on UDR's website. UDR, which has been recognized as the GRESB Global Sector Leader in ESG performance, continues to manage a portfolio of over 56,000 apartment homes, demonstrating its commitment to delivering dependable returns.
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