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UDR(UDR) - 2024 Q3 - Quarterly Report
2024-10-31 19:24
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 Beats Q3 FFOA & Revenue Estimates, Ups 2024 Guidance
ZACKS· 2024-10-31 17:20
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 ...
Compared to Estimates, UDR (UDR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 23:36
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) Q3 FFO Match Estimates
ZACKS· 2024-10-30 22:31
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 ...
UDR(UDR) - 2024 Q3 - Quarterly Results
2024-10-30 20:22
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) ...
Exploring Analyst Estimates for UDR (UDR) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-29 14:21
The upcoming report from UDR (UDR) is expected to reveal quarterly earnings of $0.62 per share, indicating a decline of 1.6% compared to the year-ago period. Analysts forecast revenues of $416.51 million, representing an increase of 1.6% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is ...
All You Need to Know About UDR (UDR) Rating Upgrade to Buy
ZACKS· 2024-10-25 17:00
UDR (UDR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing earning ...
UDR: At Fair Value After A Rate-Driven Rally
Seeking Alpha· 2024-10-04 16:31
Shares of UDR (NYSE: UDR ) have been a solid performer over the past year as long-term interest rates have begun to decline and tentative signs of a bottom in apartment rents have combined to lift sentiment. I last covered Over 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, just let me know! Analyst's Dis ...
UDR Stock Rallies 26.4% in Six Months: Will the Trend Continue?
ZACKS· 2024-09-25 15:55
Shares of UDR Inc. (UDR) have rallied 26.4% in the past six months, outperforming its industry's growth of 21.8%. This residential REIT is well-poised to benefit from its diversified portfolio with a superior product mix of A/B quality properties in the coastal and Sunbelt markets. Healthy demand for rental units in its markets amid favorable demographic trends is likely to benefit the company in the upcoming quarters. Efforts to leverage technological moves to drive margin expansion also augur well. Its fo ...
UDR Rallies 18.2% in 6 months: Will the Trend Continue?
ZACKS· 2024-08-22 15:01
Shares of UDR Inc. (UDR) have risen 18.2% in the past six months compared with the industry's upside of 15.9%. Last month, UDR reported its second-quarter 2024 funds from operations as adjusted (FFOA) per share of 62 cents, which surpassed the Zacks Consensus Estimate of 61 cents. The quarterly results reflected an increase in revenues from same-store communities. UDR also raised its fullyear 2024 guidance. Analysts also seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate fo ...