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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Shares of UDR Inc. (UDR) have rallied 15.8% in the past year, outperforming the industry's growth of 11.5%.Last October, UDR reported third-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, FFOA per share declined 1.6%.Results reflected an increase in revenues from same-store communities, prior-year acquisitions and completed developments. UDR raised its full-year 2024 guidance.This residential real estate inves ...

UDR (UDR) has been on a downward spiral lately with significant selling pressure. After declining 5.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversol ...

Financial Data and Key Metrics Changes - UDR's third quarter FFO as adjusted per share was $0.62, achieving the midpoint of previously provided guidance, with flat sequential results typical between the second and third quarters [50] - The updated full year 2024 FFOA per share guidance range is $2.47 to $2.49, reflecting positive year-over-year growth despite high supply and elevated interest rates [51][52] - Year-to-date same-store revenue and NOI growth for Q3 were 1.2% and 0.8%, respectively, driven by a 1.8% blended lease rate growth [20][21] Business Line Data and Key Metrics Changes - Same-store revenue growth guidance for 2024 was raised to a midpoint of 2.2% from 2.0%, driven by improved blended lease rate growth expectations [41] - Other income growth was approximately 5% in Q3, driven by continued innovation and value-add services [23][33] - Year-over-year same-store expense growth was 2% in Q3, better than expectations due to favorable real estate taxes and insurance savings [23] Market Data and Key Metrics Changes - Demand for apartments remains strong, with over 450,000 newly delivered apartment homes absorbed nationally in the first nine months of the year, approximately 50% above the long-term average [13] - The East Coast showed the most strength with blended lease rate growth of approximately 2% and same-store revenue growth of about 2.5% [36] - Sunbelt markets lagged behind coastal markets, with year-to-date revenue growth largely in line with expectations, but occupancy was at 96.1% with negative 1.5% same-store revenue growth [39] Company Strategy and Development Direction - UDR focuses on three growth drivers: innovation, customer experience, and maintaining an investment-grade balance sheet with substantial liquidity [9][12] - The company is exploring various forms of external growth, including joint venture acquisitions and OP unit transactions [12] - UDR aims to enhance customer experience to improve retention and lower turnover costs, which is expected to drive future margin expansion [10][11] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about long-term growth prospects for the multifamily industry despite macro volatility and interest rate uncertainties [18] - The company expects same-store revenue and NOI growth to accelerate in Q4 due to more moderate prior year comparisons [34] - Management highlighted that the pace of new supply is slowing, which bodes well for rent growth in the coming years [14] Other Important Information - UDR published its sixth annual ESG report, showcasing its commitment to environmental, social, and governance goals [16] - The company has more than $1 billion of liquidity as of September 30, with a proactive approach to managing its balance sheet [57][58] Q&A Session Summary Question: Thoughts on other income growth for 2025 - Management anticipates that other income growth will be similar to 2024, with initiatives like WiFi rollout expected to double their contribution to NOI next year [62][63] Question: Stability in Sunbelt markets - Management indicated that Sunbelt markets are showing signs of improvement, with occupancy trending higher and blended lease rate growth stabilizing [74] Question: Impact of turnover on expense growth - A 1% swing in turnover could significantly impact expense growth, with improved retention translating to lower repair and maintenance costs [75][79] Question: Expectations for rent growth in Sunbelt markets - Management expects rent growth to stabilize in the Sunbelt by mid-next year, with potential for pricing power to return in the second half of the year [82][109]

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 September 30, 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 ...

UDR Inc. (UDR) reported third-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, in line with the Zacks Consensus Estimate. On a year-over-year basis, FFOA per share declined 1.6%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly rental income was $418.1 million and came ahead of the year-ago quarter’s $408.4 million. Total revenues came in at $420.2 million, surpassing the Zacks Consensus Estimate of $416.5 million. Both rental income and total rev ...

For the quarter ended September 2024, UDR (UDR) reported revenue of $420.16 million, up 2.5% over the same period last year. EPS came in at $0.62, compared to $0.12 in the year-ago quarter. The reported revenue represents a surprise of +0.88% over the Zacks Consensus Estimate of $416.51 million. With the consensus EPS estimate being $0.62, 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 Wa ...

UDR (UDR) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.63 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 $0.61 per share when it actually produced FFO of $0.62, delivering a surprise of 1.64%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.UDR, which belongs t ...

Exhibit 99.2 | --- | --- | --- | |----------------------------------------------------------|-------|-----------------| | Balance Sheet Metrics (adjusted for non-recurring items) | | 3Q 2024 3Q 2023 | | Consolidated Interest Coverage Ratio | 5.1x | 5.3x | | Consolidated Fixed Charge Coverage Ratio | 4.9x | 5.2x | | Consolidated Debt as a percentage of Total Assets | 32.9% | 32.8% | | Consolidated Net Debt-to-EBITDAre | 5.6x | 5.7x | Financial Highlights UDR, Inc. As of End of Third Quarter 2024 (Unaudited) ...