$UDR (UDR, Inc.)

$UDR {{ '2016-05-16T06:49:40+0000' | timeago}} • SEC

NOI for $UDR's Same-Store Community properties rose 8% in 1Q16, helped by rise in property rental income. Physical occupancy fell 0.2% and monthly income per occupied home rose 6.7%. NOI from Non-Mature Communities/Other rose 52.4% versus 1Q15, due to rise in NOI from developed and redeveloped communities completed in 2015 and 2016.

$UDR {{ '2017-06-22T21:04:36+0000' | timeago}} • Announcement

$UDR declared a regular quarterly dividend on its common stock for 2Q17 of $0.31 per share, payable in cash, on July 31, 2017 to its common stock shareholders as of July 10, 2017. It also declared a regular quarterly dividend on its Series E preferred stock for 2Q17 of $0.332 per share, payable on July 31, 2017 to shareholders as of July 10, 2017.

$UDR {{ '2017-06-07T20:44:29+0000' | timeago}} • Announcement

$UDR priced a $300MM offering of 3.5% senior unsecured notes under its existing shelf registration statement. The notes will mature on July 1, 2027. The company expects to use net proceeds for general corporate purposes, including the repayment of outstanding debt. The settlement of offering is expected to occur on June 16, 2017.

$UDR {{ '2017-04-24T20:50:15+0000' | timeago}} • Announcement

$UDR reaffirmed its previously announced FY17 earnings and same-store growth guidance. It now sees 2Q17 EPS at $0.08-0.09, with both FFO per share and FFO per adjusted share at $0.45-0.47. AFFO per share is touted to be around $0.41 to $0.43.

$UDR {{ '2017-04-24T20:45:08+0000' | timeago}} • Announcement

$UDR same-store revenue grew 4.6% year-on-year in 1Q17, with same-store expense up 3.8% and same-store net operating income rising 4.9%. Annualized rate of turnover was 40.8% representing a 100 basis point decrease year-over-year. At 1Q17 end, UDR’s development pipeline totaled $1.1Bil.

$UDR {{ '2017-04-24T20:41:12+0000' | timeago}} • Announcement

In 1Q17, $UDR posted a 163% jump in net attributable income of $25.0MM from $9.5MM a year ago, helped by higher revenues and a gain upon the consolidation of CityLine. Diluted income more than doubled to $0.09 per share from $0.04 a share, on a total revenue of $243.8MM, which rose 3.8% year-on-year.

$UDR {{ '2017-03-23T22:43:38+0000' | timeago}} • Announcement

$UDR announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for 1Q17 of $0.3322 per share. The preferred dividend is payable on May 1, 2017 to Series E preferred stock shareholders of record as of April 10, 2017.

$UDR {{ '2017-03-23T22:43:18+0000' | timeago}} • Announcement

$UDR's BoD declared a quarterly dividend of $0.31 per common share for 1Q17 payable on May 1, 2017 to shareholders of record as of April 10, 2017. The company’s annualized and declared common dividend of $1.24 per share for 2017 represents a 5% increase over the annualized and declared common dividend of $1.18 per share in 2016.

$UDR {{ '2017-01-31T19:12:58+0000' | timeago}} • Webcast

$UDR reported that data providers are forecasting national deliveries of approx. 370,000 new homes for 2017. Of this, 175,000 homes or 47% of national deliveries are expected to impact the markets where $UDR operates. Submarkets to have average quarterly deliveries of approx. 13,000 homes in 1H17 and approx. 11,000 per quarter on average in 2H17.

$UDR {{ '2017-01-31T19:01:55+0000' | timeago}} • Webcast

For 2017, $UDR expects Pacific Northwest, Monterey Peninsula, Southern California, Boston and many of the Sunbelt markets to generate same-store revenue growth in excess of the portfolio average. This includes Los Angeles where the company was negatively impacted by new supply in 2016. New York and San Francisco markets will continue to struggle.

$UDR {{ '2017-01-31T18:58:40+0000' | timeago}} • Webcast

$UDR said that there is an uncertainty of government deregulation, tax reform, volatile interest rates and fluctuating supply-demand fundamentals at the market level. $UDR expects that 2017 and 2018 will produce same-store growth in excess of historical averages.

$UDR {{ '2017-01-31T18:35:55+0000' | timeago}} • Webcast

Residential real estate investment trust $UDR said that the outlook for the long-term apartment fundamentals remain strong despite short-term challenges. New supply and elevated concession levels are estimated to abate moving into 2H17. The company expects topline and bottom line growth to exceed long-term averages in 2017.

$UDR {{ '2017-01-30T21:55:56+0000' | timeago}} • Announcement

For 1Q17, $UDR expects EPS of $0.08-0.09, FFO per share of $0.44-0.46 and adjusted FFO per share of $0.42-0.44. For 2017, $UDR sees EPS of $0.31-0.36, FFO per share of $1.83-1.87 and adjusted FFO per share of $1.68-1.72. $UDR predicts 2017 revenue growth of 3-4%, expense growth of 2.5-3.5% and operating income growth of 3.25-4.25%.

$UDR {{ '2017-01-30T21:52:53+0000' | timeago}} • Announcement

$UDR's funds from operations for 4Q16 grew to $137.56MM or $0.47 per share from $117.52MM or $0.41 per share last year. Adjusted FFO increased to $120.02MM or $0.40 per share from $108.86MM or $0.37 per share in the previous year quarter.

$UDR {{ '2017-01-30T21:52:35+0000' | timeago}} • Announcement

$UDR's same-store net operating income for 4Q16 rose 5.3% YoverY. This was driven by same-store revenue growth of 5% against a 4.2% increase in same-store expense. Same-store physical occupancy was 96.8% compared to 96.5% last year. The 4Q annualized rate of turnover was 42.5% representing a 110 basis point decline YoverY.

$UDR {{ '2017-01-30T21:52:20+0000' | timeago}} • Announcement

$UDR reported a rise in 4Q16 earnings driven by higher gains on the sale of real estate. Net income rose to $236.7MM or $0.88 per share from $161.3MM or $0.61 per share last year. Revenue grew to $243MM from $237.6MM, on growth in revenue from same-store and stabilized, non-mature communities.

$UDR {{ '2017-01-24T11:22:01+0000' | timeago}} • Announcement

$UDR established an unsecured commercial paper program in the U.S. Under the terms of the program, the company may issue unsecured commercial paper notes up to a maximum aggregate outstanding of $500MM. The proceeds will be used for general corporate purposes.

$UDR {{ '2016-12-16T00:02:17+0000' | timeago}} • Announcement

$UDR's BoD declared a regular quarterly dividend on its common stock for 4Q16 of $0.295 per share, payable on Jan. 31, 2017 to shareholders of record as of Jan. 10, 2017. $UDR also declared a quarterly dividend on its Series E preferred stock for 4Q16 of $0.3322 per share, payable on Jan. 31, 2017 to shareholders of record as of Jan. 10, 2017.

$UDR {{ '2016-12-06T11:39:23+0000' | timeago}} • Announcement

$UDR appointed Joseph Fisher as CFO effective Jan. 1, 2017. Fisher succeeds Tom Herzog who resigned as CFO in June 2016. He has been a member of the Deutsche Asset Management real estate securities team since 2007 most recently serving as Co-Head of the Americas and Co-Lead Portfolio Manager.

$UDR {{ '2016-10-26T17:27:27+0000' | timeago}} • Webcast

$UDR is projecting a revenue earn-in of about 2% going into 2017 versus the 2.75% earn-in that was baked into the beginning of 2016. The company continues to expect deceleration in 2017 same-store growth metrics, as elevated new supply is further absorbed in some of its higher rent markets.

$UDR {{ '2016-10-26T17:20:45+0000' | timeago}} • Webcast

$UDR delivered $163MM of accretive development in 2016 and believes that its $937MM under construction pipeline will be no different. The company's leverage metrics at the end of 3Q16 were better than those originally envisioned for the year ended 2016.

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