UDR Q4 2021 Earnings Report
Key Takeaways
UDR reported a strong fourth quarter with net income attributable to common stockholders increasing to $116.4 million, or $0.37 per share, compared to $25.5 million, or $0.09 per share, in the prior year period. The company's same-store revenue grew by 9.0% and NOI increased by 11.4%.
Net income attributable to common stockholders increased to $116.4 million, or $0.37 per share.
Same-store revenue grew by 9.0% and NOI increased by 11.4%.
The company acquired three communities for an aggregate purchase price of $409.1 million and disposed of one community for proceeds of $126.0 million.
The company's weighted average SS physical occupancy for the fourth quarter of 2021 was 97.1 percent.
UDR
UDR
Forward Guidance
For the first quarter and full-year of 2022, the Company has established the following Same-Store and earnings guidance ranges