UDR Inc
NYSE:UDR

  • LAST PRICE
    38.0800
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    ---/ ---
  • Ask / Lots
    ---/ ---
  • Open / Previous Close
    0.0000 / 38.0800
  • Day Range
    ---
  • 52 Week Range
    30.9500
    44.0200
  • Volume
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  • Yesterday

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    • 10 hours ago by MT Newswires
      Companies Mentioned: UDR
      05:26 PM EDT, 04/30/2024 (MT Newswires) -- UDR (UDR) reported late Tuesday Q1 adjusted funds from operations of $0.56 per diluted share, down from $0.57 a year ago. Analysts surveyed by Capital IQ expected $0.56 per share. Revenue for the quarter en...

    • 11 hours ago by MT Newswires
      Companies Mentioned: UDR
      04:17 PM EDT, 04/30/2024 (MT Newswires) -- ...

    • 11 hours ago by Business Wire
      Companies Mentioned: UDR

      UDR, Inc. (the "Company") (NYSE: UDR), announced today its first quarter 2024 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended March 31, 2024 are detailed below.

    • 11 hours ago by Dow Jones
      Companies Mentioned: UDR
      --------- Interest expense, including debt extinguishment and other associated costs 48,062 Capitalized interest expense 2,838 --------- Total interest $ 50,900 Preferred dividends $ 1,231 Total debt $5,762,328 Cash (2,116) --------- Net debt $5,760,212 --------- Consolidated Interest Coverage Ratio - adjusted for non-recurring items 5.0x ============== Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items 4.8x ============== Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items 5.7x ============== Debt Covenant Overview Unsecured Line of Credit Covenants (2) Required Actual Compliance ---------------------------------------- ------------- ---------- ----------- -------------- Maximum Leverage Ratio <=60.0% 31.1% (2) Yes Minimum Fixed Charge Coverage Ratio >=1.5x 4.9x Yes Maximum Secured Debt Ratio <=40.0% 10.2% Yes Minimum Unencumbered Pool Leverage Ratio >=150.0% 384.3% Yes Senior Unsecured Note Covenants (3) Required Actual Compliance ---------------------------------------- ------------- ---------- ----------- -------------- Debt as a percentage of Total Assets <=65.0% 32.8% (3) Yes Consolidated Income Available for Debt Service to Annual Service Charge >=1.5x 5.5x Yes Secured Debt as a percentage of Total Assets <=40.0% 7.0% Yes Total Unencumbered Assets to Unsecured Debt >=150.0% 319.6% Yes Commercial Securities Ratings Debt Outlook Paper ------------------------ ------------- ------------- ---------- ----------- -------------- Moody's Investors Service Baa1 Stable P-2 S&P Global Ratings BBB+ Stable A-2 Gross % of 1Q 2024 NOI Carrying Number of (1) Value Total Gross Asset Summary Homes ($000s) % of NOI ($000s) Carrying Value ------------------------- ------------- -------------- ---------- ----------- -------------- Unencumbered assets 46,108 $ 242,162 86.7% $13,839,276 86.5% Encumbered assets 9,278 37,234 13.3% 2,151,920 13.5% ------------- ------------- ------ ---------- --------- 55,386 $ 279,396 100.0% $15,991,196 100.0% ============= ============= ====== ========== ========= (1) See Attachment 14 for definitions and other terms. (2) As defined in our credit agreement dated September 15, 2021, as amended. (3) As defined in our indenture dated November 1, 1995 as amended, supplemented or modified from time to time. Attachment 14(D) Definitions and Reconciliations March 31, 2024 (Unaudited) All guidance is based on current expectations of future economic conditions and the judgment of the Company's management team. The following reconciles from GAAP Net income/(loss) per share for full-year 2024 and second quarter of 2024 to forecasted FFO, FFO as Adjusted and AFFO per share and unit: Full-Year 2024 Low High ------- ----------- Forecasted net income per diluted share $ 0.33 $ 0.45 Conversion from GAAP share count (0.02) (0.02) Net gain on the sale of depreciable real estate owned (0.05) (0.05) Depreciation 2.07 2.07 Noncontrolling interests 0.02 0.02 Preferred dividends 0.01 0.01 ----- ------- Forecasted FFO per diluted share and unit $ 2.36 $ 2.48 ----- ------- Legal and other costs 0.01 0.01 Severance costs and other restructuring expense 0.01 0.01 Casualty-related charges/(recoveries) 0.02 0.02 Realized/unrealized (gain)/loss on real estate technology investments (0.01) (0.01) ----- ------- Forecasted FFO as Adjusted per diluted share and unit $ 2.38 $ 2.50 ----- ------- Recurring capital expenditures (0.26) (0.26) ----- ------- Forecasted AFFO per diluted share and unit $ 2.12 $ 2.24 ----- ------- 2Q 2024 Low High ------- ----------- Forecasted net income per diluted share $ 0.13 $ 0.15 Conversion from GAAP share count (0.01) (0.01) Net gain on the sale of depreciable real estate owned (0.05) (0.05) Depreciation 0.52 0.52 Noncontrolling interests 0.01 0.01 Preferred dividends - - ----- ------- Forecasted FFO per diluted share and unit $ 0.60 $ 0.62 ----- ------- Legal and other costs - - Severance costs and other restructuring expense - - Casualty-related charges/(recoveries) - - Realized/unrealized (gain)/loss on real estate technology investments - - ----- ------- Forecasted FFO as Adjusted per diluted share and unit $ 0.60 $ 0.62 ----- ------- Recurring capital expenditures (0.07) (0.07) ----- ------- Forecasted AFFO per diluted share and unit $ 0.53 $ 0.55 ----- -------

    • 11 hours ago by Dow Jones
      Companies Mentioned: UDR

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