UDR Declares Quarterly Dividends

Rhea-AI Summary

UDR, a leading multifamily real estate investment trust, has declared a regular quarterly dividend of $0.425 per share on its common stock for Q2 2024, payable on July 31, 2024, to shareholders of record as of July 10, 2024. This marks the 207th consecutive quarterly dividend by UDR. Additionally, UDR announced a quarterly dividend of $0.4602 per share on its Series E preferred stock, also payable on July 31, 2024, to shareholders of record as of July 10, 2024. UDR manages, buys, sells, develops, and redevelops real estate properties, owning 60,124 apartment homes as of March 31, 2024.

Positive

• Declared a regular quarterly dividend of $0.425 per share on common stock.
• This marks the 207th consecutive quarterly dividend, demonstrating consistent performance.
• Declared a quarterly dividend of $0.4602 per share on Series E preferred stock.
• UDR owns or has an ownership position in 60,124 apartment homes as of March 31, 2024.
• UDR is part of the S&P 500, highlighting its significance in the market.

Negative

• The press release lacks information on revenue or profitability, leaving financial health unclear.
• No new business developments or acquisitions were announced, potentially indicating stagnation.
• The dividends, while positive, may not indicate growth or expansion.

DENVER--(BUSINESS WIRE)-- UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2024 in the amount of $0.425 per share, payable in cash on July 31, 2024 to UDR common stock shareholders of record as of July 10, 2024. The July 31, 2024 dividend will be the 207^th consecutive quarterly dividend paid by the Company on its common stock.

UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the second quarter of 2024 in the amount of $0.4602 per share. The preferred dividend is payable on July 31, 2024 to Series E preferred stock shareholders of record as of July 10, 2024.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of March 31, 2024, UDR owned or had an ownership position in 60,124 apartment homes including 311 homes under development. For over 51 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613418809/en/

UDR, Inc.

Trent Trujillo

ttrujillo@udr.com

720-283-6135

Source: UDR, Inc.

FAQ

What dividend did UDR declare for Q2 2024?

UDR declared a quarterly dividend of $0.425 per share on its common stock for Q2 2024.

When will UDR pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 31, 2024.

What is the record date for UDR’s Q2 2024 dividend?

The record date for UDR’s Q2 2024 dividend is July 10, 2024.

How many consecutive quarterly dividends has UDR paid?

UDR has paid 207 consecutive quarterly dividends.

What is the dividend amount for UDR’s Series E preferred stock?

The dividend amount for UDR’s Series E preferred stock is $0.4602 per share for Q2 2024.

How many apartment homes does UDR own?

As of March 31, 2024, UDR owns or has an ownership position in 60,124 apartment homes.