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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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