Shares of UDR, Inc. (NYSE: UDR ) have been a moderate performer over the past year, gaining 6%, as the apartment REIT has weathered turbulence in the sector well, thanks to its focus on legacy markets with less supply. However, shares have not recoveredOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, j ...

It has been about a month since the last earnings report for UDR (UDR) . Shares have lost about 3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is UDR due for a breakout? 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.How Have Estimates Been Moving Since Then?It turns out, estimate ...

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, 2025 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 ...

UDR (UDR) Q1 2025 Earnings Call May 01, 2025 12:00 PM ET Company Participants Trent Trujillo - VP - Investor RelationsThomas Toomey - Chairman & CEOMichael Lacy - COOJoseph Fisher - CFO & PresidentAmi Probandt - Equity Research AssociateCooper Clark - VP - Equity ResearchJohn Kim - Managing Director - US Real EstateRichard Anderson - Managing Director - Equity ResearchHaendel St. Juste - Managing DirectorAndrew Cantor - Senior Vice President-InvestmentsAlexander Goldfarb - Managing DirectorJulien Blouin - V ...

Financial Data and Key Metrics Changes - The first quarter FFO as adjusted per share was $0.61, achieving the midpoint of previously provided guidance, supported by same store growth that exceeded expectations [23] - Year over year same store revenue and NOI growth were 2.6% and 2.8% respectively, driven by a 0.9% blended lease rate growth [13][14] - Year over year same store expense growth was only 2.3%, better than expectations, driven by favorable real estate taxes and insurance savings [14] Business Line Data and Key Metrics Changes - Same store revenue growth was approximately 4.5% for the East Coast, slightly above the high end of full year expectations for the region [19] - The West Coast saw blended lease rate growth of nearly 3% and year over year same store revenue growth close to 3% [20] - The Sunbelt markets experienced slightly positive year over year same store revenue growth, with blended lease rate growth at negative 2.5% [21] Market Data and Key Metrics Changes - Demand for housing remains strong, with nearly 140,000 apartment homes absorbed in the first quarter, a three-decade high [9] - The pace of new supply is slowing, with 2024 multifamily completions marking a fifty-year high, but starts continue to decline [10] - Renting an apartment is on average 60% more affordable than owning a single-family home in the markets where the company operates [10] Company Strategy and Development Direction - The company remains strategically focused on three drivers of growth: innovation, customer feedback, and capital deployment [5][6] - The company is executing various forms of capital deployment to drive future accretion, including development and joint venture acquisitions [7][8] - The investment-grade balance sheet with substantial liquidity positions the company well to take advantage of growth opportunities [8] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about long-term growth prospects for the multifamily industry despite macroeconomic uncertainties [11] - The company expects to reassess full year guidance as it progresses through peak leasing season [5] - Management highlighted the importance of maintaining a dynamic and innovative culture to create value for residents and stakeholders [11] Other Important Information - The company recognized Jim Klingbill for his contributions as he decided not to seek reelection to the board [12] - The company has a proactive approach to managing its balance sheet, resulting in the best three-year liquidity outlook in the sector [26] Q&A Session Summary Question: Confidence in rent trends for the second half - Management noted that supply is down about 20% year over year, which supports confidence in rent trends [29] Question: Senior loan acquisition impact - The acquisition of the senior loan is expected to stabilize and improve the asset's performance over time [36] Question: Impact of bulk WiFi rollout on renewal rents - Management indicated that the rollout of bulk WiFi has not negatively impacted renewal rents and has been well received [42] Question: Expectations for Dallas and Austin markets - Management expects Dallas and Austin to lag behind other markets, with positive momentum anticipated later in the year [76] Question: Guidance adjustments - Management stated that it has a precedent of not raising guidance after the first quarter, focusing instead on how the year finishes [102]

UDR Inc. (UDR) reported first-quarter 2025 funds from operations as adjusted (FFOA) per share of 61 cents, in line with the Zacks Consensus Estimate. The figure remained unchanged year over year.Results reflect year-over-year growth in same-store net operating income (NOI), led by higher occupancy and an effective blended lease rate. However, a rise in other operating expenses and general and administrative expenses undermined the performance to an extent. The company reaffirmed its 2025 guidance.Quarterly ...

EARNINGS RELEASE & SUPPLEMENTAL 2025 FINANCIAL INFORMATION Q1 | 2025 DEVELOPMENT 3099 Iowa | Riverside, CA Joe Fisher, President, CFO, & CIO - 720.283.6139 Trent Trujillo, Investor Relations - 720.283.6135 UDR, INC. | UDR.COM UDR First Quarter 2025 Earnings Supplement | 1Q 2025 Earnings Press Release Pages 1-6 | | | --- | --- | | Company | Financial Highlights | | Consolidated Statements of Operations Attachment 1 | Funds From Operations (FFO), FFO as Adjusted, AFFO Attachment 2 | | Consolidated Balance She ...

UDR (UDR) reported $419.84 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 2%. EPS of $0.61 for the same period compares to $0.13 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $421.31 million, representing a surprise of -0.35%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.61.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

UDR (UDR) came out with quarterly funds from operations (FFO) of $0.61 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.61 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.63 per share when it actually produced FFO of $0.63, delivering no surprise.Over the last four quarters, the company has surpassed consensus FFO estimates just once.UDR, which belongs to the Za ...

Exhibit 99.2 Financial Highlights UDR, Inc. As of End of First Quarter 2025 (Unaudited) (1) | | Actual Results | | Guidance for | | | --- | --- | --- | --- | --- | | Dollars in thousands, except per share and unit | 1Q 2025 | | 2Q 2025 | Full-Year 2025 | | GAAP Metrics | | | | | | Net income/(loss) attributable to UDR, Inc. | $76,720 | | -- | -- | | Net income/(loss) attributable to common stockholders | $75,514 | | -- | -- | | Income/(loss) per weighted average common share, diluted | $0.23 | | $0.11 to $0 ...