UDR Q3 2021 Earnings Report
Key Takeaways
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.
Net income attributable to common stockholders was $16.7 million, or $0.06 per share.
Same-Store revenue increased by 5.3% and Same-Store NOI increased by 6.3% year-over-year with concessions reflected on a cash basis.
The Company's weighted average SS physical occupancy for the third quarter of 2021 was 97.5 percent, compared to 95.5 percent for the third quarter of 2020.
During the quarter, the Company acquired five communities with a combined purchase price of $619.9 million.
UDR
UDR
Forward Guidance
For the fourth quarter of 2021, the Company has established the following earnings guidance ranges. For the full-year 2021, the Company increased its previously provided Same-Store and earnings guidance ranges.