UDR Earnings Reports

UDR delivered a strong second quarter with higher revenue and net income, supported by gains in same-store NOI and strategic investment activities.

UDR saw strong demand in Q1 2025, resulting in higher Net Income and better-than-expected Same-Store growth, supported by operational enhancements and portfolio strength.

UDR, Inc. reported a net income per diluted share of $(0.02) for Q4 2024, which was below guidance. FFO per diluted share was $0.48, and FFOA per diluted share was $0.63, aligning with guidance. Full-year 2024 FFOA per diluted share growth exceeded original guidance expectations.

UDR reported its Q3 2024 results, showcasing solid performance driven by continued resilience in the labor market and attractive relative affordability of apartment rentals. The company's same-store revenue increased by 1.2%, and they raised full-year 2024 FFOA per diluted share and Same-Store growth guidance expectations.

UDR announced its second quarter 2024 results, with total revenue increasing by $10.8 million YOY to $415.3 million. The company also raised full-year 2024 FFOA per diluted share and same-store growth guidance expectations.

UDR reported a 3.5% increase in total revenue to $413.6 million, driven by same-store community growth and accretive external investments. The company sold Crescent Falls Church for $100.0 million and completed development at Villas at Fiori for $53.5 million. Certain full-year 2024 guidance ranges were also raised.

UDR's fourth quarter 2023 results showed a revenue increase driven by Same-Store communities and external investments. The company acquired One Upland, sold The Arbory, and entered an agreement to sell Crescent Falls Church. Stabilized occupancy was achieved at The MO.

UDR's third quarter FFOA per diluted share met the guidance, driven by a resilient employment situation and the relative affordability of apartments. However, due to high levels of new supply, the company lowered its expectation for FFOA per diluted share during the fourth quarter.

UDR reported a net income per diluted share of $1.05, FFO per diluted share of $0.63, FFOA per diluted share of $0.61, and AFFO per diluted share of $0.55 for the quarter ended June 30, 2023. Total revenue increased by $35.4 million YOY to $404.5 million.

UDR announced its first quarter 2023 results, demonstrating strong performance with a 9 percent increase in FFOA per share and nearly 12 percent growth in same-store NOI compared to the prior year period. The company reaffirmed its full-year 2023 FFOA per share, AFFO per share, and same-store growth guidance ranges.

UDR announced its Q4 and full-year 2022 results, reporting a revenue increase of $51.4 million YOY to $399.7 million. The company settled forward equity sales agreements for $179.6 million and repurchased 507 thousand shares for $20.6 million. The Board approved a 10.5% dividend increase.

UDR announced its third quarter 2022 results, with FFOA per share meeting the high end of expectations and full-year guidance raised for the third time. The company's strong operating results and recent acquisitions contributed to the positive performance.

UDR announced strong second quarter 2022 results, with earnings meeting the high end of expectations. The company's differentiated approach to maximizing rental rate growth and accretion from acquisitions and DCP investments drove the positive results. As a result, UDR raised full-year 2022 guidance expectations for the second time this year.

UDR announced strong first quarter 2022 results, with net income per diluted share at $0.04 and FFO per diluted share at $0.54. The company increased its full-year 2022 guidance ranges based on current trends and operating initiatives.

UDR reported a strong fourth quarter with net income attributable to common stockholders increasing to $116.4 million, or $0.37 per share, compared to $25.5 million, or $0.09 per share, in the prior year period. The company's same-store revenue grew by 9.0% and NOI increased by 11.4%.

UDR reported a net income of $0.06 per diluted share, FFO of $0.55 per diluted share, FFOA of $0.51 per diluted share, and AFFO of $0.46 per diluted share for the third quarter of 2021. The company also increased its full-year 2021 guidance ranges.

UDR reported second quarter 2021 results with net income of $0.04 per share and FFO of $0.52 per share, and the company increased full-year 2021 guidance ranges.

UDR reported a net income per share of $0.01, FFO per share of $0.32, FFOA per share of $0.47, and AFFO per share of $0.44 for the first quarter of 2021. The company's Same-Store revenue declined by 6.4% on a cash basis and 6.7% on a straight-line basis, while Same-Store expenses increased by 3.3%. UDR increased its full-year 2021 guidance expectations due to these factors and accretive transactions.

UDR's fourth quarter 2020 results showed a net income per share of $0.09, FFO per share of $0.39, FFOA per share of $0.49 and AFFO per share of $0.43. The company sold DelRay Tower for $145.0 million and acquired Andover Place at Cross Creek and Station on Silver for $122.5 million and $128.6 million, respectively.

UDR's Q3 2020 results showed resilience, with leasing and occupancy supported by their Next Generation Operating Platform and a strong liquidity position. The company faced challenges in key markets like New York, San Francisco, and Boston, but saw stability in most of its portfolio.

UDR's second quarter 2020 results showed an increase in total revenue driven by growth from acquisition communities. Net income also increased, primarily due to NOI growth and gains from community sales. However, same-store NOI declined due to bad debt reserves. The company continues to implement its Next Generation Operating Platform and made strategic investments and capital market moves.

UDR's first quarter results met expectations with a net income per share of $0.01 and FFO per share of $0.53. Total revenue increased by 18.8% year-over-year to $321.5 million, driven by growth in revenue from operating and acquisition communities. The company withdrew its full-year 2020 guidance due to the ongoing COVID-19 pandemic.

UDR, Inc. announced fourth quarter 2019 results with net income per share of $0.33, FFO per share of $0.46, and revenue of $304.8 million, reflecting growth from operating and acquisition communities. Same-store NOI increased by 4.1 percent year-over-year.