Core Viewpoint - UDR Inc. is expected to report its second-quarter 2024 results, with anticipated revenue growth but unchanged funds from operations (FFO) per share [1][6]. Group 1: Market Conditions - The national occupancy rate remained stable at 94.2% in June, with rent growth rates stabilizing, showing a 0.2% increase year-over-year and a monthly effective rent change of 0.4% [3]. - The U.S. apartment market experienced a surge in demand in the second quarter, with 389,629 apartment units absorbed over the past 12 months, including 257,000 units in the first two quarters of 2024 [8][23]. - The average effective rent was reported at $1,838 [3]. Group 2: Company Performance and Projections - UDR's quarterly revenue is estimated at $413.61 million, reflecting a 2.6% year-over-year increase [5]. - The consensus estimate for FFO per share remains unchanged at 61 cents, indicating no growth year-over-year [6]. - UDR's projected FFO for the second quarter is in the range of 60-62 cents [25]. Group 3: Operational Insights - UDR's investments in technology and process improvements are expected to enhance cost control and support margin expansion through its Next Generation Operating Platform [4]. - The company reported an average physical occupancy of 96.9% in May and April, slightly down from 97.1% in the first quarter of 2024 [10]. - The estimated same-store net operating income growth for the second quarter is pegged at 2.1%, with interest expenses expected to grow by 1.6% year-over-year [19]. Group 4: Competitive Landscape - The elevated supply of rental units in some markets may have increased competition, partially limiting rent growth [18]. - UDR's portfolio features a diverse mix of A/B quality properties across urban and suburban markets in the U.S., including coastal and Sunbelt locations [9].

UDR, Inc. (NYSE:UDR), incorporated in 1972 and headquartered in Highlands Ranch, Colorado, is a self-administered REIT that owns and manages multi-family apartment communities primarily in West-coast and Northeast markets. While the case for multifamily tailwinds is still solid, I'm afraid that this UDR doesn't seem like the right vehicle to gain exposure through right now. The portfolio is well-diversified, its leverage use is conservative, and has a solid dividend payment record, but the shares are fairly ...

UDR Inc. (UDR) is well-poised to benefit from a diversified portfolio, healthy rental demand, technological initiatives and a solid balance sheet position, though the elevated supply of rental units and high interest rates remain concerns. What's Aiding UDR? UDR has a geographically diversified portfolio with a superior product mix of A/B quality properties throughout the United States in coastal and Sunbelt locations, with a mix of 31% urban and 69% suburban communities. This diversified portfolio saves th ...

1D UDR UDR Alongside Q1 results, UDR did raise its full year guidance slightly, raising FFOA by $0.02 to $2.36-$2.48. With the improvement we are seeing in Q2 data so fa, I expect to see UDR report results toward the top end of guidance. I expect to see sequential improvements in results in H2 because the supply backdrop is continuing to get more favorable, which should enable ongoing rental growth. I am looking for $2.45-$2.50 in funds from operations as a result. IDS OF 20 2009 bt Maturity Schedule ($M/We ...

UDR, Inc. (NYSE:UDR) Q1 2024 Earnings Conference Call May 1, 2024 12:00 PM ET Company Participants Trent Trujillo - Vice President of Investor Relations Thomas Toomey - Chairman and Chief Executive Officer Joseph Fisher - President and Chief Financial Officer Michael Lacy - Senior Vice President, Operations Andrew Cantor - Senior Vice President, Acquisitions And Dispositions Christopher Van Ens - Vice President Conference Call Participants Nick Joseph - Citi Austin Wurschmidt - KeyBanc Capital Markets Steve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10524 UDR, Inc. (Exact name of registrant as specified in its charter) Maryland 54-0857512 (State or other jurisdiction of ...

Exhibit 99.2 Financial Highlights UDR, Inc. As of End of First Quarter 2024 (Unaudited) (1) (4) Excludes 6,815 homes that are part of the Developer Capital Program as described in Attachment 10(B). 1 Attachment 1 Consolidated Statements of Operations (Unaudited) (1) | | Actual Results | Guidance for | | | --- | --- | --- | --- | | Dollars in thousands, except per share and unit | 1Q 2024 | 2Q 2024 | Full-Year 2024 | | GAAP Metrics | | | | | Net income/(loss) attributable to UDR, Inc. | $43,149 | -- | -- | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10524 UDR, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorpor ...

UDR, Inc. (NYSE:UDR) Q4 2023 Earnings Conference Call February 7, 2024 1:00 PM ET Company Participants Trent Trujillo - Vice President, Investor Relations Tom Toomey - Chairman and Chief Executive Officer Joe Fisher - President and Chief Financial Officer Mike Lacy - Senior Vice President, Operations Conference Call Participants Eric Wolfe - Citibank Austin Wurschmidt - KeyBanc Capital Markets Brad Heffern - RBC Capital Markets Joshua Dennerlein - Bank of America Jamie Feldman - Wells Fargo Michael Goldsmit ...

One Upland Boston, MA FEBRUARY 2024 Opening cloors to the future DISCLAIMER AND FORWARD-LOOKING STATEMENTS Certain statements made in this presentation may constitute "forward-looking statements." Words such as "expects," "intends," "believes," "anticipates," "plans," "likely," "will," "seeks," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts ...