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Clint D. McDonnough has retired and resigned from the board of directors of UDR, Inc. (NYSE:UDR), effective July 31. The company, a $13.8 billion market cap residential real estate investment trust, disclosed this information in a press release statement filed with the Securities and Exchange Commission. According to InvestingPro data, UDR maintains a FAIR financial health score, reflecting its stable position in the market.
According to the filing, McDonnough’s decision to step down was not the result of any disagreement with UDR regarding its operations, policies, or practices. In connection with his departure, the board approved a reduction in its size from nine members to eight.
McDonnough had served as a director of UDR since 2016. He was most recently a member of the Audit and Risk Management Committee and the Executive Committee. He also previously served as chair of the Audit and Risk Management Committee for five years.
The company and its board expressed appreciation for McDonnough’s service and contributions during his tenure.
This information is based on a press release statement included in UDR’s recent filing with the SEC.
In other recent news, United Dominion Realty Trust Inc. reported its Q2 2025 earnings, highlighting a strong financial performance. The company exceeded its high-end guidance for funds from operations as adjusted (FFOA) per share, which prompted an increase in its full-year 2025 guidance. This development reflects the company’s robust strategic direction and market position. Analysts have taken note of these results, although no specific upgrades or downgrades were mentioned. The earnings report underscores United Dominion Realty Trust’s ability to perform well in the current market environment. Investors may view the increased guidance as a positive indicator of future performance. These recent developments provide insight into the company’s financial health and strategic outlook.
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