https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b81.png avatar
UDR
🇺🇸 NYSE:UDR
View Company
OverviewEarningsDividends
•
Sep 30, 2022

UDR Q3 2022 Earnings Report

UDR's third quarter results for 2022 were announced, showcasing strong operating performance and increased full-year guidance.

Key Takeaways

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.

FFOA per share met the high end of expectations.

Full-year 2022 guidance was raised for the third time.

Strong operating results drove the positive outcomes.

Recent acquisitions contributed to the company's accretion.

Total Revenue
$390M
Previous year: $329M
+18.7%
EPS
$0.6
Previous year: $0.51
+17.6%
FFO per share
$0.57
Previous year: $0.55
+3.6%
Gross Profit
$86.8M
Previous year: $58.1M
+49.6%
Cash and Equivalents
$1.53M
Previous year: $1.06M
+44.1%
Total Assets
$11.1B
Previous year: $10.4B
+6.7%

UDR

UDR

Forward Guidance

For the fourth quarter 2022, the Company has established the following earnings guidance ranges. Additionally, the Company has increased its previously provided full-year 2022 Same-Store and earnings guidance ranges

Positive Outlook

  • Net Income/(Loss) per diluted share: $0.11 to $0.13
  • FFO per diluted share: $0.60 to $0.62
  • FFOA per diluted share: $0.60 to $0.62
  • AFFO per diluted share: $0.54 to $0.56
  • SS Revenue: 11.25% to 11.75%

Challenges Ahead

  • SS Expense: 5.0% to 5.5%
  • SS NOI: 14.00% to 14.75%
  • SS Revenue (cash basis): 10.75% to 11.25%
  • SS NOI (cash basis): 13.25% to 14.00%
  • None

Company Overview

Full financial data and analysis

View UDR