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), a leading multifamily real estate investment trust (REIT), maintains this dedicated news hub for investors and industry stakeholders. Access official press releases and curated updates about property acquisitions, earnings reports, and strategic initiatives across UDR's nationwide portfolio of apartment communities.
This resource provides centralized tracking of UDR's operational developments, including updates from its Same-Store Communities segment and growth activities in Non-Mature Communities. Stay informed about technology partnerships, property redevelopments, and market expansion efforts that shape the company's performance in the competitive REIT sector.
Key content categories include quarterly financial results, sustainability initiatives, leadership updates, and operational milestones. The page serves investors seeking to monitor UDR's execution of its dual strategy: maintaining stable income from mature properties while pursuing value creation through strategic renovations and tech-driven management improvements.
Bookmark this page for direct access to UDR's latest corporate communications. Combine these updates with SEC filings and investor materials for comprehensive analysis of the company's multifamily housing market position.
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.
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.
