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Mar 31, 2024
UDR Q1 2024 Earnings Report
UDR's first quarter results were announced, showcasing growth in same-store revenue and strategic capital deployment.
Key Takeaways
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.
Same-store revenue increased by 3.1% year-over-year.
Net income per diluted share was $0.13.
FFO per diluted share was $0.60.
Completed development at Villas at Fiori, an 85-home townhome community.
UDR
UDR
UDR Revenue by Geographic Location
Revenue by Geographic Location
West Revenue
CapyFin.comMid-Atlantic Revenue
CapyFin.comNortheast Revenue
CapyFin.comSoutheast Revenue
CapyFin.comSouthwest Revenue
CapyFin.comOther Markets Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income