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UDR (UDR)
NYSE:UDR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -4.41%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments such as raised guidance and strong retention rates, alongside challenges like negative new lease growth and pressures in the Sunbelt markets. Overall, the company's strategic initiatives appear to position it well for future growth.Company Guidance
During UDR's Q3 2024 earnings call, the company raised its full-year FFOA per share guidance for the third time this year, reflecting strong operational performance. The updated guidance predicts same-store revenue growth of 2.2% and NOI growth, with a focus on innovation driving high single-digit growth in value-add initiatives. The company's same-store expense growth is now expected to be 4.4%, down by 60 basis points due to constrained insurance, repair, and maintenance expenses. UDR's occupancy stood at 96.3% with a turnover rate of 55%, which is 200 basis points below the previous year. The company highlighted its strategic focus on customer experience projects to enhance resident retention and noted that renting is 60% more affordable than owning a home in its markets. UDR's balance sheet remains robust, with more than $1 billion in liquidity and a low weighted average interest rate of 3.4%. The firm also reported a $31 million senior loan origination in Santa Monica and a $35 million preferred equity portfolio investment in Portland, Oregon.Raised Full Year FFOA Guidance
UDR raised its full-year FFOA per share guidance for the third time this year, citing strong operating strategies and improving industry fundamentals.
Same-Store Revenue and NOI Growth
Third quarter same-store revenue and NOI growth were 1.2% and 0.8% respectively, exceeding expectations despite challenging prior year comparisons.
Strong Resident Retention
Annualized resident turnover was 200 basis points below the prior year, leading to improved blended lease growth rates.
Improved Occupancy Rates
Occupancy averaged 96.3% in the third quarter, with an increase to 96.6% in October, indicating healthy leasing activity.
Debt and Preferred Equity Transactions
Executed several transactions under the Debt and Preferred Equity Program with favorable returns, including a fully funded $35 million preferred equity investment at a 10.75% rate of return.
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UDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $43.10 | $41.75 | -3.13% |
| Jul 30, 2024 | $40.04 | $39.28 | -1.90% |
| Apr 30, 2024 | $36.94 | $36.36 | -1.57% |
| Feb 06, 2024 | $34.10 | $33.87 | -0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UDR (UDR) report earnings?
UDR (UDR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is UDR (UDR) earnings time?
UDR (UDR) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UDR EPS forecast?
UDR EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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