UDR (UDR) ( (UDR) ) has released its Q2 earnings. Here is a breakdown of the information UDR (UDR) presented to its investors.
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UDR, Inc. is a prominent multifamily real estate investment trust (REIT) specializing in managing, buying, selling, developing, and redeveloping apartment communities across the United States.
In its second quarter of 2025 earnings report, UDR announced a net income per diluted share of $0.11, aligning with its guidance, and a 38% increase compared to the previous year. The company also reported a 2% increase in Funds from Operations (FFO) per diluted share and a 3% increase in FFO as Adjusted (FFOA) per diluted share.
Key highlights from the quarter include a 2.5% year-over-year increase in revenue, driven by growth in Same-Store communities and completed developments. UDR also made strategic investments, including a $13.0 million preferred equity investment in San Francisco and a $23.8 million investment in Orlando. Additionally, the company appointed Dave Bragg as its new Chief Financial Officer.
Looking ahead, UDR has updated its full-year 2025 guidance, raising expectations for FFOA per diluted share and Same-Store growth. Despite macroeconomic uncertainties, the company remains optimistic about the demand for apartments, supported by a resilient employment market and favorable affordability conditions.