It has been about a month since the last earnings report for UDR (UDR) . Shares have added about 2.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is UDR due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. UDR Q4 FFOA Meets Estimates, Revenues Up Y/Y, Dividend HikedUD ...

Financial Performance - Net income attributable to common stockholders decreased to $84.8 million from $439.5 million in the prior year, primarily due to lower gains from real estate dispositions and lower interest income [76]. - Revenue growth in 2025 may be impacted by adverse economic conditions, including potential recession and increased rental concessions [79]. - The company’s rental revenues are impacted by declines in market rents, which may occur more quickly due to the short-term nature of most apartment leases [97]. - The company has approximately $501.3 million of variable rate indebtedness outstanding, constituting about 8.6% of total outstanding indebtedness as of December 31, 2024 [155]. - The company has experienced increases in interest rates on its indebtedness, which has adversely impacted its results of operations and cash flows [155]. - Insufficient cash flow may affect the company's ability to make required payments of principal and interest, potentially leading to refinancing risk [156]. - The company is subject to risks associated with debt financing, including the potential for insufficient operating income to meet required payments [157]. Property Management and Operations - Same-Store NOI increased by $15.3 million compared to the prior year, with Same-Store properties contributing 92.4% of total NOI for the year ended December 31, 2024 [77]. - The company acquired 173 homes in 2024, while disposing of 214 homes, resulting in a total of 55,696 homes owned at year-end [57]. - Total real estate owned at cost reached $16,213,363 thousand, up from $16,023,859 thousand in 2023 [57]. - The company completed the development of two communities in Tampa, Florida, and Addison, Texas, totaling 415 apartment homes during the year ended December 31, 2024 [60]. - Major renovations incurred during the year amounted to $51.4 million, aimed at improving asset quality [61]. - Approximately 73.1% of the total Net Operating Income (NOI) for the year ended December 31, 2024, was generated from communities located in Metropolitan D.C. (15.4%), Boston, MA (11.7%), Orange County, CA (10.9%), San Francisco Bay Area, CA (8.4%), Dallas, TX (8.3%), New York, NY (6.5%), Seattle, WA (6.2%), and Tampa, FL (5.7%) [95]. Market and Economic Conditions - The company is focused on markets with favorable job formation and income growth, aiming to reduce volatility in same-store growth [53]. - The company faces risks related to unfavorable apartment market and economic conditions, which could adversely affect occupancy levels, rental revenues, and the value of real estate assets [94]. - The company may be unable to renew leases or relet apartment units as leases expire, which could negatively impact rental revenues [97]. - Increased property taxes or new fees from state, local, and federal governments could raise the company's expenses [108]. - Recent rent control regulations in New York and California could limit the ability to raise rents, potentially impacting property values and operational results [130]. - Changes in real estate tax laws and regulations may adversely affect funds from operations and the ability to make distributions to stockholders [131]. Risk Factors - The company faces risks related to obtaining financing for acquisitions on favorable terms, which could delay or abandon potential acquisitions [104]. - The company may experience supply chain constraints, leading to increased development costs or delays in initial occupancy dates [105]. - The company could face substantial costs related to environmental contamination under various laws, impacting financial condition [121]. - The presence of harmful mold or indoor air quality issues at properties could lead to liability for adverse health effects or property damage [126]. - Catastrophic weather events may cause damage exceeding insured levels, impacting financial condition and future revenue [134]. - Climate change may lead to extreme weather conditions, resulting in physical damage and decreased demand for properties [135]. - Earthquake risks could lead to losses greater than insured levels, adversely affecting financial condition and operations [136]. - Terrorist attacks and acts of violence could negatively impact business operations and asset values [138]. Compliance and Regulatory Issues - The company carries comprehensive general liability coverage with limits deemed customary within the multi-family apartment industry to insure against liability claims and related defense costs [88]. - The company has not been notified of any material non-compliance, liability, or claim relating to environmental liabilities in connection with its properties, indicating a stable compliance status [87]. - Compliance with the Americans with Disabilities Act may require substantial alterations and capital expenditures, adversely affecting financial condition and results of operations [128]. - The company must distribute at least 90% of its net REIT taxable income to avoid corporate income tax, which limits cash available for growth [173]. - Failure to qualify as a REIT could result in significant tax liabilities, reducing cash available for investment or distribution to stockholders [168]. Strategic and Market Position - The portfolio consists of 169 communities across 21 markets, with a mix of approximately 30% urban and 70% suburban properties [55]. - The company may not succeed in new markets, limiting growth opportunities and affecting net operating income (NOI) growth [119]. - Strategic decisions, such as acquisitions or divestments, may influence the company's market strategy and performance [189]. - The decision to declare and pay dividends is at the board's discretion and may change, potentially impacting the market price of common stock [187]. - Changes in analyst ratings and key management personnel could impact stock performance and investor sentiment [189]. Financial Market Risks - Disruptions in financial markets may negatively impact the availability and cost of credit, affecting the company's ability to refinance existing indebtedness [162]. - The company relies on information technology systems, and any failures could interrupt operations and adversely affect financial condition [148]. - The company has experienced cybersecurity breaches in the past, which, while not material, may occur again in the future [146]. - Interest rate hedging contracts may be ineffective, leading to material charges and additional risks if counterparties fail to honor obligations [166]. - The market price of the company's common stock may be adversely affected by changes in market conditions and volatility [182]. - Additional debt incurred in the future may lead to adverse market reactions, impacting stockholder value [189].

UDR, Inc. (NYSE:UDR) Q4 2024 Earnings Conference Call February 6, 2025 12:00 PM ET Company Participants Trent Trujillo - Vice President, Investor Relations Tom Toomey - Chairman & Chief Executive Officer Joe Fisher - President, Chief Financial Officer & Chief Investment Officer Mike Lacy - Chief Operating Officer Chris Van Ens - Vice President Conference Call Participants Nick Yulico - Scotiabank Eric Wolfe - Citi Jamie Feldman - Wells Fargo Steve Sakwa - Evercore ISI Jeff Spector - Bank of America Austin W ...

For the quarter ended December 2024, UDR (UDR) reported revenue of $420.44 million, up 2.3% over the same period last year. EPS came in at $0.63, compared to $0.10 in the year-ago quarter.The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $420.52 million. With the consensus EPS estimate being $0.63, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

分组1 - UDR reported quarterly funds from operations (FFO) of $0.63 per share, matching the Zacks Consensus Estimate and remaining unchanged from the previous year [1] - The company posted revenues of $420.44 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.02% and showing an increase from $410.89 million year-over-year [2] - UDR shares have underperformed the market, losing about 3.9% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is $0.61 on revenues of $422.55 million, while the estimate for the current fiscal year is $2.51 on revenues of $1.72 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the bottom 16% of over 250 Zacks industries, indicating potential challenges for the sector [8]

| Property Metrics | Homes | Communities | % of Total | | --- | --- | --- | --- | | | | | NOI | | Same-Store | 54,215 | 162 | 90.7% | | Stabilized, Non-Mature | 693 | 3 | 1.0% | | Development | 415 | 2 | 0.5% | | Non-Residential / Other | N/A | N/A | 1.9% | | Joint Venture (3) | 4,424 | 18 | 4.9% | | Total completed homes | 59,747 | 185 | 99.0% | | Held for Disposition | 373 | 2 | 1.0% | | Under Development | - | - | - | | Total Quarter-end homes (3)(4) | 60,120 | 187 | 100.0% | | Balance Sheet Metrics (adj ...

UDR Inc. (UDR) , a premier multifamily real estate investment trust (REIT), is set to announce its fourth-quarter and full-year 2024 results after the closing bell on Feb. 5. While its quarterly results are likely to reflect growth in revenues, funds from operations (FFO) per share might remain unchanged.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this Denver, CO-based residential REIT came up with an FFO as adjusted per share of 62 cents, in line with t ...

Core Insights - UDR, Inc. has partnered with Funnel to implement a comprehensive suite of AI-infused multifamily CRM products across its nearly 60,000-unit portfolio, marking a significant step in multifamily centralization [1][2][6] Company Overview - UDR, Inc. is recognized as the 14th-largest multifamily owner-operator in the U.S. and has a history of pioneering centralization in the multifamily sector [1][4] - As of September 30, 2024, UDR owned or had an ownership position in 60,123 apartment homes, demonstrating its substantial presence in the market [8] Partnership Details - The partnership with Funnel includes the adoption of renter-centric CRM, AI solutions, fraud prevention, and other tools aimed at enhancing operational efficiency and communication [2][6] - Funnel's CEO highlighted the significance of this partnership, likening it to a "Super Bowl" moment, emphasizing UDR's leadership in technology and operations [5] Strategic Goals - UDR aims to transition from multiple disparate solutions to a unified omnichannel communication platform, which will streamline workflows and improve team efficiency [6] - The collaboration is expected to set a new standard for multifamily centralization, enhancing the overall experience for operators, onsite teams, and renters [6][7] Industry Impact - Funnel has established itself as a leading technology provider in the multifamily sector, partnering with 9 of the top 25 NMHC owners and operators, and is focused on driving transformation in the industry [5][7]

UDR, Inc. (UDR) recently issued its preliminary financial and operating results for the fourth quarter of 2024. Moreover, the company also provided an update on its investment activities.This residential REIT expects funds from operations (FFO) as adjusted per share to be 63 cents for the fourth quarter of 2024 and $2.48 for 2024. Both of these are the midpoints for the guidance range previously provided in the third-quarter 2024 earnings release.Same-store revenues year-over-year growth is expected to be 2 ...

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