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 multifamily real estate investment trust whose news flow centers on apartment portfolio performance, capital allocation decisions, governance developments, and corporate responsibility initiatives. As an S&P 500 multifamily REIT, the company regularly issues updates on its financial results, Same-Store operating metrics, and regional performance across markets such as the West, Mid-Atlantic, Northeast, Southeast, Southwest, and Other Markets.
On this page, readers can follow UDR news related to quarterly earnings releases, including disclosures of net income, funds from operations (FFO), FFO as adjusted (FFOA), Same-Store revenue and expense trends, and occupancy levels. These updates often include commentary on regional NOI performance and the factors influencing revenue growth and expense patterns in UDR’s apartment communities.
UDR’s news also highlights capital markets and investment activity, such as preferred equity investments in stabilized apartment communities, joint venture expansions with institutional partners like LaSalle Investment Management, and actions involving senior unsecured term loans, interest rate swaps, and share repurchases. Dividend declarations on common and preferred stock, including the long-running sequence of quarterly common dividends, are a recurring feature of the company’s announcements.
Governance and leadership developments appear frequently in UDR’s news releases, including the appointment of independent directors to the Board of Directors, changes in senior executive roles, and the company’s approach to board succession and committee assignments. In addition, UDR reports on its Corporate Responsibility Report and related ESG achievements, such as emissions intensity reductions, renewable energy procurement, sustainability certifications, workplace recognition, and enhancements to incentive compensation and governance practices.
Investors, analysts, and other interested readers can use UDR’s news stream to monitor how the company manages its multifamily portfolio, approaches capital allocation, and addresses environmental, social, and governance priorities over time.
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.
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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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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.