Loading...
•
Mar 31, 2021
UDR Q1 2021 Earnings Report
UDR's first quarter earnings met expectations with improved operating trends and collections. The company also increased certain full-year 2021 guidance ranges.
Key Takeaways
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.
Net income attributable to common stockholders was $2.0 million, compared to $4.2 million in the prior year period.
Same-Store revenue declined, with West and Northeast regions experiencing the most significant declines.
The company continues to implement its Next Generation Operating Platform.
UDR acquired one multifamily community in suburban Boston and sold one wholly-owned community in Orange County and one joint venture community in Los Angeles.
Forward Guidance
For the second quarter of 2021, the Company has established earnings guidance ranges. For the full-year 2021, the Company increased its previously provided same-store and certain earnings guidance ranges
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...