The announcement of these dividends reflects UDR’s ongoing commitment to delivering shareholder value through its stable dividend payments. The information provided here is based on a press release statement from UDR, Inc. For a comprehensive analysis of UDR’s financial health, valuation metrics, and growth prospects, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks. For a comprehensive analysis of UDR’s financial health, valuation metrics, and growth prospects, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In addition, UDR’s Board of Directors has declared a quarterly dividend on its Series E preferred stock, amounting to $0.4602 per share. Shareholders of the Series E preferred stock on record by January 9, 2025, will also receive their dividend payment on January 31, 2025.
UDR, Inc., a member of the S&P 500, has established itself as a leading entity in the multifamily real estate sector. The company has built a reputation for providing consistent returns through the management, acquisition, development, and redevelopment of high-quality real estate properties across select U.S. markets. As of September 30, 2024, UDR’s portfolio included an interest in 60,123 apartment homes. With over five decades of experience, UDR has consistently prioritized long-term shareholder value, service excellence for its residents, and top-tier experiences for its associates.
The announcement of these dividends reflects UDR’s ongoing commitment to delivering shareholder value through its stable dividend payments. The information provided here is based on a press release statement from UDR, Inc.
In other recent news, UDR, Inc. reported a robust performance for the third quarter of 2024, surpassing expectations and raising its full-year funds from operations (FFO) guidance for the third time. The company also increased its full-year 2024 same-store revenue growth guidance to a midpoint of 2.2%, while lowering same-store expense growth expectations to 4.4%. UDR’s third-quarter FFO per share stood at $0.62, and the full-year FFO guidance range was updated to $2.47 to $2.49 per share.
The company showed a strong balance sheet with over $1 billion in liquidity and minimal refinancing risk. The regional performance varied, with the East Coast leading and the Sunbelt lagging. However, occupancy rates remained high across all markets, averaging 96.3%. UDR also emphasized its focus on customer experience initiatives and fraud prevention, which are expected to significantly impact the bottom line.
Looking ahead, UDR anticipates accelerating revenue and net operating income (NOI) growth in the fourth quarter. For 2025, the company forecasts a same-store revenue increase of 60 to 70 basis points. The company also expects to maintain the current balance of debt and preferred equity, with a focus on operating recapitalization.
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